Advanced Micro Devices Inc. (NASDAQ:AMD) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Monday. They currently have a $9.65 price target on the semiconductor manufacturer’s stock. Vetr‘s price target would suggest a potential upside of 10.79% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Canaccord Genuity restated a “buy” rating and issued a $8.50 price objective on shares of Advanced Micro Devices in a report on Monday, September 12th. Zacks Investment Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $7.75 price objective on the stock in a report on Wednesday, November 16th. Mizuho restated a “neutral” rating and issued a $7.00 price objective (up from $5.50) on shares of Advanced Micro Devices in a report on Thursday, September 1st. Sanford C. Bernstein initiated coverage on shares of Advanced Micro Devices in a report on Wednesday, September 21st. They issued an “underperform” rating and a $3.00 price objective on the stock. Finally, Oppenheimer Holdings Inc. upgraded shares of Advanced Micro Devices to a “market perform” rating in a report on Monday, October 17th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.12.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

Advanced Micro Devices (NASDAQ:AMD) opened at 8.71 on Monday. Advanced Micro Devices has a 12-month low of $1.75 and a 12-month high of $8.83. The firm has a 50-day moving average of $6.93 and a 200 day moving average of $5.90. The stock’s market capitalization is $8.07 billion.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Thursday, October 20th. The semiconductor manufacturer reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. The firm earned $1.31 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the company earned ($0.17) EPS. The business’s quarterly revenue was up 23.2% on a year-over-year basis. On average, analysts predict that Advanced Micro Devices will post ($0.15) earnings per share for the current fiscal year.

In other Advanced Micro Devices news, CEO Lisa T. Su sold 665,414 shares of the company’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $6.61, for a total value of $4,398,386.54. Following the sale, the chief executive officer now owns 2,687,640 shares of the company’s stock, valued at $17,765,300.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James Robert Anderson sold 350,818 shares of the company’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $7.50, for a total transaction of $2,631,135.00. Following the completion of the sale, the senior vice president now directly owns 771,152 shares in the company, valued at approximately $5,783,640. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. BlackRock Group LTD increased its stake in shares of Advanced Micro Devices by 24.2% in the first quarter. BlackRock Group LTD now owns 449,771 shares of the semiconductor manufacturer’s stock valued at $1,282,000 after buying an additional 87,752 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of Advanced Micro Devices by 7.5% in the first quarter. UBS Asset Management Americas Inc. now owns 601,102 shares of the semiconductor manufacturer’s stock valued at $1,712,000 after buying an additional 41,711 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in shares of Advanced Micro Devices by 1.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 1,004,975 shares of the semiconductor manufacturer’s stock valued at $2,864,000 after buying an additional 18,577 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Advanced Micro Devices by 92.2% in the second quarter. BNP Paribas Arbitrage SA now owns 637,300 shares of the semiconductor manufacturer’s stock valued at $3,276,000 after buying an additional 305,791 shares during the period. Finally, Nordea Investment Management AB acquired a new stake in shares of Advanced Micro Devices during the second quarter valued at about $972,000. 44.28% of the stock is currently 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

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