Todays Report: Today, Advanced Micro Devices Inc. (AMD) Upgraded to “Market Perform” by Oppenheimer Holdings Inc.

Today, Advanced Micro Devices Inc. (AMD) Upgraded to “Market Perform” by Oppenheimer Holdings Inc.

Oppenheimer Holdings Inc. upgraded shares of Advanced Micro Devices Inc. (NASDAQ:AMD) to a market perform rating in a research report sent to investors on Monday.

Several other research analysts have also issued reports on AMD. Vetr raised shares of Advanced Micro Devices from a sell rating to a hold rating and set a $5.08 target price on the stock in a research note on Monday, July 25th. Credit Suisse Group AG upped their price objective on shares of Advanced Micro Devices from $3.50 to $5.50 and gave the stock an underperform rating in a report on Friday, July 22nd. Canaccord Genuity restated a buy rating and set a $6.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, July 19th. JPMorgan Chase & Co. restated a hold rating and set a $6.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, July 26th. Finally, Susquehanna began coverage on shares of Advanced Micro Devices in a report on Tuesday, September 20th. They set a neutral rating and a $6.50 price objective on the stock. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $5.65.

Shares of Advanced Micro Devices (NASDAQ:AMD) opened at 6.67 on Monday. The company’s market cap is $5.31 billion. The company’s 50 day moving average is $6.64 and its 200 day moving average is $5.26. Advanced Micro Devices has a one year low of $1.75 and a one year high of $8.00.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Thursday, July 21st. The semiconductor manufacturer reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.03. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $951.89 million. On average, equities analysts predict that Advanced Micro Devices will post ($0.19) earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. Neuberger Berman Group LLC acquired a new position in Advanced Micro Devices during the second quarter valued at approximately $116,000. Gilder Gagnon Howe & Co. LLC increased its position in Advanced Micro Devices by 7.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 25,072 shares of the semiconductor manufacturer’s stock valued at $129,000 after buying an additional 1,800 shares during the period. Courier Capital Corp increased its position in Advanced Micro Devices by 0.8% in the second quarter. Courier Capital Corp now owns 25,200 shares of the semiconductor manufacturer’s stock valued at $130,000 after buying an additional 200 shares during the period. Calvert Investment Management Inc. acquired a new position in Advanced Micro Devices during the second quarter valued at approximately $173,000. Finally, GSA Capital Partners LLP acquired a new position in Advanced Micro Devices during the second quarter valued at approximately $179,000. 41.43% of the stock is currently owned by institutional investors and hedge funds.

About Advanced Micro Devices

Related posts

Leave a Comment