Advanced Micro Devices (NASDAQ:AMD) has been assigned a $36.00 price target by equities researchers at Mizuho in a report released on Monday, TipRanks reports. The brokerage currently has a “hold” rating on the semiconductor manufacturer’s stock. Mizuho’s target price would indicate a potential upside of 18.93% from the company’s current price.

AMD has been the topic of several other research reports. Benchmark began coverage on shares of Advanced Micro Devices in a research note on Thursday, August 1st. They set a “hold” rating on the stock. Credit Suisse Group set a $30.00 target price on shares of Advanced Micro Devices and gave the company a “neutral” rating in a research note on Wednesday, July 31st. They noted that the move was a valuation call. Wedbush cut shares of Advanced Micro Devices from an “equal weight” rating to a “hold” rating in a research note on Wednesday, July 31st. Cowen set a $40.00 target price on shares of Advanced Micro Devices and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, UBS Group upped their target price on shares of Advanced Micro Devices from $24.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and thirteen have assigned a buy rating to the stock. Advanced Micro Devices presently has an average rating of “Hold” and a consensus price target of $31.54.

AMD stock traded down $1.84 during trading on Monday, hitting $30.27. 7,596,431 shares of the stock traded hands, compared to its average volume of 75,107,453. Advanced Micro Devices has a 1 year low of $16.03 and a 1 year high of $35.55. The stock has a 50 day simple moving average of $32.11. The stock has a market capitalization of $37.11 billion, a PE ratio of 86.76, a price-to-earnings-growth ratio of 2.91 and a beta of 3.06. The company has a current ratio of 2.08, a quick ratio of 1.52 and a debt-to-equity ratio of 0.54.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.52 billion. Advanced Micro Devices had a net margin of 3.25% and a return on equity of 16.04%. Advanced Micro Devices’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 EPS. As a group, equities research analysts anticipate that Advanced Micro Devices will post 0.5 EPS for the current fiscal year.

In related news, CAO Darla M. Smith sold 8,388 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $33.53, for a total value of $281,249.64. Following the completion of the sale, the chief accounting officer now directly owns 35,918 shares of the company’s stock, valued at approximately $1,204,330.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Devinder Kumar sold 127,735 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $28.30, for a total transaction of $3,614,900.50. Following the completion of the sale, the chief financial officer now directly owns 709,990 shares of the company’s stock, valued at $20,092,717. The disclosure for this sale can be found here. Insiders sold a total of 1,878,524 shares of company stock valued at $60,911,813 over the last three months. 1.50% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Intersect Capital LLC grew its holdings in Advanced Micro Devices by 3.9% during the 2nd quarter. Intersect Capital LLC now owns 9,176 shares of the semiconductor manufacturer’s stock valued at $279,000 after buying an additional 345 shares in the last quarter. Tyers Asset Management LLC grew its holdings in Advanced Micro Devices by 1.8% during the 1st quarter. Tyers Asset Management LLC now owns 22,000 shares of the semiconductor manufacturer’s stock valued at $561,000 after buying an additional 384 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in Advanced Micro Devices by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 46,500 shares of the semiconductor manufacturer’s stock valued at $1,187,000 after buying an additional 400 shares in the last quarter. Berman Capital Advisors LLC grew its holdings in Advanced Micro Devices by 41.6% during the 2nd quarter. Berman Capital Advisors LLC now owns 1,525 shares of the semiconductor manufacturer’s stock valued at $46,000 after buying an additional 448 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in Advanced Micro Devices by 55.7% during the 2nd quarter. Assetmark Inc. now owns 1,381 shares of the semiconductor manufacturer’s stock valued at $42,000 after buying an additional 494 shares in the last quarter. 60.38% of the stock is owned by institutional investors.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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