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

AMD has been the topic of several other reports. Vetr cut shares of Advanced Micro Devices from a sell rating to a strong sell rating and set a $6.54 price target on the stock. in a report on Monday, August 22nd. 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 target on the stock. Sanford C. Bernstein upgraded shares of Advanced Micro Devices from an underperform rating to a market perform rating and boosted their price target for the company from $3.00 to $5.00 in a report on Tuesday, September 20th. Jefferies Group restated a buy rating and set a $6.75 price target (up from $5.50) on shares of Advanced Micro Devices in a report on Friday, July 22nd. Finally, MKM Partners restated a buy rating and set a $6.30 price target on shares of Advanced Micro Devices in a report on Tuesday, August 2nd. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Advanced Micro Devices currently 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 6.67 on Monday. Advanced Micro Devices has a 12 month low of $1.75 and a 12 month high of $8.00. The stock’s market capitalization is $5.31 billion. The stock’s 50 day moving average price is $6.64 and its 200-day moving average price is $5.26.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Thursday, July 21st. The semiconductor manufacturer reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.03. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $951.89 million. Equities analysts forecast that Advanced Micro Devices will post ($0.19) earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Neuberger Berman Group LLC bought a new stake in shares of Advanced Micro Devices during the second quarter valued at approximately $116,000. Gilder Gagnon Howe & Co. LLC increased its stake in shares of 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 last quarter. Courier Capital Corp increased its stake in shares of 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 last quarter. Calvert Investment Management Inc. bought a new stake in shares of Advanced Micro Devices during the second quarter valued at approximately $173,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Advanced Micro Devices during the second quarter valued at approximately $179,000. 41.43% of the stock is owned by institutional investors.

About Advanced Micro Devices

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

Receive News & Stock Ratings for Advanced Micro Devices Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices Inc. and related stocks with our FREE daily email newsletter.