Advanced Micro Devices Inc. (NASDAQ:AMD) was upgraded by research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday. The firm currently has a $10.53 price target on the semiconductor manufacturer’s stock. Vetr‘s price objective points to a potential upside of 19.66% from the company’s current price.

AMD has been the subject of several other reports. Canaccord Genuity restated a “buy” rating and issued a $8.50 price target on shares of Advanced Micro Devices in a report on Monday, September 12th. Zacks Investment Research downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Friday, November 18th. Credit Suisse Group AG upgraded Advanced Micro Devices from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $5.50 to $7.00 in a report on Wednesday, October 12th. Barclays PLC started coverage on Advanced Micro Devices in a report on Friday, October 7th. They issued an “equal weight” rating and a $7.00 price target for the company. They noted that the move was a valuation call. Finally, Bank of America Corp. reaffirmed an “underperform” rating and set a $5.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, September 14th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $6.28.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

Advanced Micro Devices (NASDAQ:AMD) opened at 8.80 on Tuesday. Advanced Micro Devices has a 12 month low of $1.75 and a 12 month high of $9.22. The firm has a 50-day moving average price of $7.13 and a 200 day moving average price of $6.05. The company’s market capitalization is $8.16 billion.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Thursday, October 20th. The semiconductor manufacturer reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. The business earned $1.31 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company earned ($0.17) earnings per share. The firm’s revenue was up 23.2% compared to the same quarter last year. Analysts expect that Advanced Micro Devices will post ($0.15) EPS for the current year.

In related news, CFO Devinder Kumar sold 312,469 shares of the firm’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $6.62, for a total transaction of $2,068,544.78. Following the sale, the chief financial officer now owns 478,890 shares of the company’s stock, valued at approximately $3,170,251.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP James Robert Anderson sold 350,818 shares of the firm’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $7.50, for a total value of $2,631,135.00. Following 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. 1.00% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Group LTD increased its position 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 last quarter. UBS Asset Management Americas Inc. increased its position 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 last quarter. Metropolitan Life Insurance Co. NY increased its position 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 last quarter. BNP Paribas Arbitrage SA increased its position 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 last quarter. Finally, Nordea Investment Management AB bought a new position in shares of Advanced Micro Devices during the second quarter valued at approximately $972,000. 45.63% of the stock is currently owned by institutional investors.

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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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