Advanced Micro Devices Inc. (NASDAQ:AMD)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Group in a research report issued to clients and investors on Monday. They currently have a $9.00 price target on the semiconductor manufacturer’s stock. Jefferies Group’s price objective would indicate a potential upside of 33.73% from the company’s previous close.

Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. reissued a “hold” rating and set a $6.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, July 26th. Vetr cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $5.33 target price for the company. in a research note on Wednesday, June 29th. Mizuho raised their target price on shares of Advanced Micro Devices from $4.50 to $5.50 and gave the stock a “neutral” rating in a research note on Friday, July 22nd. 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 for the company. Finally, Citigroup Inc. upgraded shares of Advanced Micro Devices from an “underperform” rating to a “market perform” rating in a research note on Monday. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Advanced Micro Devices has an average rating of “Hold” and an average price target of $5.65.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

Advanced Micro Devices (NASDAQ:AMD) opened at 6.73 on Monday. The company has a 50-day moving average price of $6.64 and a 200 day moving average price of $5.27. The company’s market capitalization 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 issued its quarterly earnings data 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 business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $951.89 million. Equities research analysts anticipate that Advanced Micro Devices will post ($0.19) earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Morgens Waterfall Vintiadis & Co. Inc. acquired a new position in shares of Advanced Micro Devices during the third quarter worth $2,764,000. Creative Planning boosted its position in shares of 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 boosted its position in shares of 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 acquired a new position in shares of Advanced Micro Devices during the second quarter worth $1,507,000. Finally, Calvert Investment Management Inc. acquired a new position in shares of Advanced Micro Devices during the second quarter worth $173,000. 41.43% of the stock is currently owned by hedge funds and other 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.

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