Credit Suisse Group AG upgraded shares of Advanced Micro Devices Inc. (NASDAQ:AMD) from an underperform rating to a neutral rating in a report published on Wednesday. Credit Suisse Group AG currently has $7.00 price objective on the semiconductor manufacturer’s stock, up from their previous price objective of $5.50.

“Turnaround Under Way, But Already Pricing In Some Success,” the firm’s analyst wrote.

A number of other research analysts have also commented on AMD. Morgan Stanley reiterated a sell rating and issued a $2.65 price target on shares of Advanced Micro Devices in a research note on Wednesday, June 15th. Canaccord Genuity upgraded shares of Advanced Micro Devices from a hold rating to a buy rating and upped their price target for the company from $3.25 to $6.00 in a research note on Thursday, June 16th. Vetr upgraded shares of Advanced Micro Devices from a hold rating to a buy rating and set a $5.12 price target on the stock in a research note on Monday, June 27th. Wells Fargo & Co. reiterated a buy rating and issued a $6.00 price target (up previously from $5.25) on shares of Advanced Micro Devices in a research note on Thursday, June 30th. Finally, Sanford C. Bernstein lowered shares of Advanced Micro Devices from a market perform rating to an underperform rating and set a $3.00 price target on the stock. in a research note on Friday, July 8th. Five equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $5.65.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

Shares of Advanced Micro Devices (NASDAQ:AMD) opened at 6.5062 on Wednesday. The firm’s market cap is $5.18 billion. Advanced Micro Devices has a one year low of $1.75 and a one year high of $8.00. The company has a 50 day moving average of $6.71 and a 200-day moving average of $5.16.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Morgens Waterfall Vintiadis & Co. Inc. bought a new stake in Advanced Micro Devices during the third quarter worth about $2,764,000. Creative Planning increased its stake in Advanced Micro Devices by 61.6% in the third quarter. Creative Planning now owns 71,178 shares of the semiconductor manufacturer’s stock worth $492,000 after buying an additional 27,125 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Advanced Micro Devices by 3.7% in the third quarter. Oregon Public Employees Retirement Fund now owns 222,162 shares of the semiconductor manufacturer’s stock worth $1,535,000 after buying an additional 7,894 shares during the period. Mason Street Advisors LLC bought a new stake in Advanced Micro Devices during the second quarter worth about $1,507,000. Finally, Calvert Investment Management Inc. bought a new stake in Advanced Micro Devices during the second quarter worth about $173,000. 41.45% of the stock is currently owned by institutional investors.

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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