Advanced Micro Devices Inc. (NASDAQ:AMD) was upgraded by equities research analysts at Citigroup Inc. from an “underperform” rating to a “market perform” rating in a report issued on Monday.

Several other research firms also recently commented on AMD. Vetr downgraded shares of Advanced Micro Devices from a “sell” rating to a “strong sell” rating and set a $6.54 price objective for the company. in a report on Monday, August 22nd. Canaccord Genuity reaffirmed a “buy” rating on shares of Advanced Micro Devices in a report on Tuesday, August 23rd. Zacks Investment Research raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a report on Monday, September 5th. Mizuho reaffirmed a “neutral” rating and issued a $7.00 price target (up previously from $5.50) on shares of Advanced Micro Devices in a report on Thursday, September 1st. Finally, Wells Fargo & Co. reaffirmed an “outperform” rating on shares of Advanced Micro Devices in a report on Wednesday, September 7th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company 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 6.73 on Monday. The firm’s 50-day moving average price is $6.64 and its 200 day moving average price is $5.27. The company’s market cap is $5.35 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 released its quarterly earnings data on Thursday, July 21st. The semiconductor manufacturer reported ($0.05) EPS for the quarter, beating the 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 research analysts forecast that Advanced Micro Devices will post ($0.19) EPS for the current year.

Several large investors have recently bought and sold shares of the company. Morgens Waterfall Vintiadis & Co. Inc. bought a new stake in Advanced Micro Devices during the third quarter valued at approximately $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 valued at $492,000 after buying an additional 27,125 shares during the last quarter. 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 valued at $1,535,000 after buying an additional 7,894 shares during the last quarter. Mason Street Advisors LLC bought a new stake in Advanced Micro Devices during the second quarter valued at approximately $1,507,000. Finally, Calvert Investment Management Inc. bought a new stake in Advanced Micro Devices during the second quarter valued at approximately $173,000. Institutional investors and hedge funds own 41.43% of the company’s stock.

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.

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