Vetr lowered shares of Advanced Micro Devices (NASDAQ:AMD) from a strong-buy rating to a buy rating in a research report sent to investors on Thursday. They currently have $13.62 target price on the semiconductor manufacturer’s stock.

A number of other equities analysts have also commented on the company. Goldman Sachs Group dropped their price objective on Advanced Micro Devices from $11.40 to $10.40 and set a sell rating on the stock in a research note on Wednesday, November 29th. MKM Partners boosted their price target on Advanced Micro Devices from $13.00 to $14.50 and gave the company a buy rating in a research note on Monday, January 29th. Bank of America restated a buy rating and set a $18.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, November 14th. Credit Suisse Group boosted their price target on Advanced Micro Devices from $12.00 to $13.50 and gave the company a neutral rating in a research note on Wednesday, January 31st. Finally, Mizuho restated a buy rating and set a $17.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, November 28th. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $14.88.

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Shares of Advanced Micro Devices (NASDAQ AMD) opened at $11.70 on Thursday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 1.27 and a current ratio of 1.76. The firm has a market capitalization of $11,340.00, a price-to-earnings ratio of -13.93, a price-to-earnings-growth ratio of 5.06 and a beta of 2.73. Advanced Micro Devices has a 12 month low of $9.70 and a 12 month high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.40 billion. Advanced Micro Devices had a return on equity of 16.76% and a net margin of 0.81%. The firm’s revenue for the quarter was up 33.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.01) EPS. equities research analysts expect that Advanced Micro Devices will post 0.3 earnings per share for the current fiscal year.

In other news, CEO Lisa T. Su sold 100,000 shares of the stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $12.00, for a total transaction of $1,200,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP James Robert Anderson sold 75,000 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $10.03, for a total transaction of $752,250.00. Following the transaction, the senior vice president now owns 323,773 shares of the company’s stock, valued at $3,247,443.19. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,468,240 shares of company stock valued at $17,050,618. Company insiders own 1.60% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. NINE MASTS CAPITAL Ltd purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $102,000. Chilton Investment Co. LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at about $103,000. Stone Ridge Asset Management LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at about $104,000. Bronfman E.L. Rothschild L.P. grew its position in Advanced Micro Devices by 1,655.2% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock valued at $111,000 after acquiring an additional 8,243 shares in the last quarter. Finally, Ellington Management Group LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at about $114,000. Institutional investors and hedge funds own 61.64% of the company’s stock.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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