Advanced Micro Devices, Inc. (AMD) PT Raised to $10.00 at Barclays PLC
Advanced Micro Devices, Inc. (NASDAQ:AMD) had its target price hoisted by Barclays PLC from $9.00 to $10.00 in a research report report published on Wednesday morning. They currently have an underweight rating on the semiconductor manufacturer’s stock.
A number of other research firms have also recently issued reports on AMD. Goldman Sachs Group, Inc. (The) set a $11.00 price objective on Advanced Micro Devices and gave the company a sell rating in a research report on Wednesday, July 26th. Vetr raised Advanced Micro Devices from a buy rating to a strong-buy rating and set a $15.99 price objective for the company in a research report on Monday, June 26th. Zacks Investment Research cut Advanced Micro Devices from a buy rating to a hold rating in a research report on Monday, July 24th. Northland Securities reaffirmed a buy rating and issued a $17.50 price objective on shares of Advanced Micro Devices in a research report on Friday, June 23rd. Finally, Oppenheimer Holdings, Inc. reaffirmed a market perform rating on shares of Advanced Micro Devices in a research report on Friday, June 23rd. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Advanced Micro Devices presently has an average rating of Hold and a consensus target price of $13.93.
Shares of Advanced Micro Devices (NASDAQ:AMD) opened at 13.23 on Wednesday. The firm’s market capitalization is $12.53 billion. The company has a 50-day moving average price of $12.73 and a 200 day moving average price of $12.74. Advanced Micro Devices has a 12-month low of $6.22 and a 12-month high of $15.65.
Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.04. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.16 billion. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. The business’s revenue was up 19.0% compared to the same quarter last year. During the same period last year, the company earned ($0.05) earnings per share. Equities research analysts expect that Advanced Micro Devices will post $0.10 earnings per share for the current fiscal year.
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In other Advanced Micro Devices news, SVP James Robert Anderson sold 20,000 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $13.91, for a total transaction of $278,200.00. Following the transaction, the senior vice president now owns 422,363 shares in the company, valued at approximately $5,875,069.33. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mubadala Investment Co Pjsc sold 40,000,000 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $525,600,000.00, for a total value of $21,024,000,000,000,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,074,793 shares of company stock worth $21,024,000,026,636,200. Corporate insiders own 1.60% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. US Bancorp DE increased its stake in shares of Advanced Micro Devices by 10.0% in the 1st quarter. US Bancorp DE now owns 11,001 shares of the semiconductor manufacturer’s stock valued at $160,000 after purchasing an additional 1,003 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Advanced Micro Devices by 392.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 1,995,898 shares of the semiconductor manufacturer’s stock valued at $29,040,000 after purchasing an additional 1,590,293 shares during the last quarter. Sei Investments Co. increased its stake in shares of Advanced Micro Devices by 807.4% in the 1st quarter. Sei Investments Co. now owns 49,879 shares of the semiconductor manufacturer’s stock valued at $726,000 after purchasing an additional 44,382 shares during the last quarter. Keybank National Association OH bought a new position in shares of Advanced Micro Devices in the 1st quarter valued at $161,000. Finally, Nordea Investment Management AB bought a new position in shares of Advanced Micro Devices in the 1st quarter valued at $452,000. Hedge funds and other institutional investors own 59.12% 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 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.
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