Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have been assigned a consensus rating of “Hold” from the thirty-two ratings firms that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $13.67.

Several research firms have weighed in on AMD. Morgan Stanley restated an “equal weight” rating on shares of Advanced Micro Devices in a report on Monday, May 15th. Goldman Sachs Group, Inc. (The) restated a “sell” rating and set a $10.60 target price on shares of Advanced Micro Devices in a report on Monday, June 12th. Wells Fargo & Company restated an “outperform” rating and set a $15.00 target price on shares of Advanced Micro Devices in a report on Friday, June 30th. BMO Capital Markets restated an “outperform” rating and set a $15.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 17th. Finally, Mizuho restated a “buy” rating and set a $14.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 17th.

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Advanced Micro Devices (NASDAQ AMD) traded down 1.99% on Friday, reaching $12.30. 54,413,148 shares of the company’s stock were exchanged. Advanced Micro Devices has a 1-year low of $5.66 and a 1-year high of $15.65. The company’s market capitalization is $11.65 billion. The firm has a 50-day moving average price of $12.94 and a 200-day moving average price of $12.86.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.04. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the business earned ($0.05) EPS. The business’s revenue was up 19.0% on a year-over-year basis. Equities research analysts expect that Advanced Micro Devices will post $0.10 earnings per share for the current year.

In other Advanced Micro Devices news, Director Ahmed Yahia sold 80,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $12.84, for a total transaction of $1,027,200.00. Following the sale, the director now owns 182,941 shares in the company, valued at approximately $2,348,962.44. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP James Robert Anderson sold 20,000 shares of the business’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $14.19, for a total value of $283,800.00. Following the sale, the senior vice president now owns 442,363 shares in the company, valued at approximately $6,277,130.97. The disclosure for this sale can be found here. Insiders sold a total of 41,909,915 shares of company stock valued at $21,024,000,024,603,700 over the last three months. 1.60% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of AMD. Nisa Investment Advisors LLC increased its holdings in shares of Advanced Micro Devices by 39.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 11,300 shares of the semiconductor manufacturer’s stock valued at $164,000 after purchasing an additional 3,200 shares during the period. Strs Ohio increased its holdings in shares of Advanced Micro Devices by 8.8% in the 1st quarter. Strs Ohio now owns 191,719 shares of the semiconductor manufacturer’s stock valued at $2,789,000 after purchasing an additional 15,519 shares during the period. DUPONT CAPITAL MANAGEMENT Corp acquired a new position in shares of Advanced Micro Devices in the 1st quarter valued at about $363,000. Great West Life Assurance Co. Can increased its holdings in shares of Advanced Micro Devices by 27.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 550,561 shares of the semiconductor manufacturer’s stock valued at $8,001,000 after purchasing an additional 119,524 shares during the period. Finally, ING Groep NV acquired a new position in shares of Advanced Micro Devices in the 1st quarter valued at about $127,000. Institutional investors own 59.15% of the company’s stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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