Advanced Micro Devices Inc. (NASDAQ:AMD) was upgraded by research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday. The brokerage presently has a $7.46 target price on the semiconductor manufacturer’s stock. Vetr‘s target price suggests a potential upside of 14.86% from the stock’s previous close.

AMD has been the topic of a number of other reports. Susquehanna began coverage on shares of Advanced Micro Devices in a research note on Tuesday, September 20th. They issued a “neutral” rating and a $6.50 target price on the stock. MKM Partners reiterated a “buy” rating and set a $5.00 price target (up from $4.00) on shares of Advanced Micro Devices in a research report on Monday, June 13th. Sanford C. Bernstein upgraded shares of Advanced Micro Devices from an “underperform” rating to a “market perform” rating and increased their price target for the company from $3.00 to $5.00 in a research report on Tuesday, September 20th. Jefferies Group reiterated a “buy” rating and set a $6.75 price target (up from $5.50) on shares of Advanced Micro Devices in a research report on Friday, July 22nd. Finally, Wells Fargo & Co. reiterated an “outperform” rating on shares of Advanced Micro Devices in a research report on Wednesday, September 7th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Advanced Micro Devices currently has an average rating of “Hold” and a consensus price target of $5.58.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

Advanced Micro Devices (NASDAQ:AMD) traded down 4.97% on Tuesday, hitting $6.50. 32,510,803 shares of the company were exchanged. The stock has a 50 day moving average of $6.74 and a 200 day moving average of $5.15. The company’s market capitalization is $5.17 billion. Advanced Micro Devices has a 52 week low of $1.75 and a 52 week high of $8.00.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Thursday, July 21st. The semiconductor manufacturer reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The company earned $1.03 billion during the quarter, compared to analysts’ expectations of $951.89 million. Analysts predict that Advanced Micro Devices will post ($0.19) EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can purchased a new stake in Advanced Micro Devices during the second quarter worth about $4,388,000. CIBC World Markets Inc. purchased a new stake in Advanced Micro Devices during the second quarter worth about $631,000. LS Investment Advisors LLC increased its stake in Advanced Micro Devices by 71.6% in the second quarter. LS Investment Advisors LLC now owns 38,436 shares of the semiconductor manufacturer’s stock worth $198,000 after buying an additional 16,038 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its stake in Advanced Micro Devices by 6.7% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 71,900 shares of the semiconductor manufacturer’s stock worth $370,000 after buying an additional 4,500 shares in the last quarter. Finally, Nordea Investment Management AB purchased a new stake in Advanced Micro Devices during the second quarter worth about $972,000. Institutional investors and hedge funds own 41.45% of the company’s stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as a standalone central processing unit (CPU) or as incorporated into an accelerated processing unit (APU), chipsets, and discrete graphics processing units (GPUs) for the consumer, commercial and professional graphics markets, and server and embedded CPUs, GPUs and APUs, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

5 Day Chart for NASDAQ:AMD

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