Advanced Micro Devices (NASDAQ: AMD) has recently received a number of price target changes and ratings updates:

  • 9/13/2018 – Advanced Micro Devices is now covered by analysts at FBN Securities. They set an “outperform” rating on the stock.
  • 9/11/2018 – Advanced Micro Devices had its price target raised by analysts at Rosenblatt Securities from $30.00 to $40.00. They now have a “buy” rating on the stock.
  • 9/10/2018 – Advanced Micro Devices had its price target raised by analysts at Wells Fargo & Co from $20.00 to $34.00. They now have an “outperform” rating on the stock.
  • 9/4/2018 – Advanced Micro Devices had its price target raised by analysts at Cowen Inc from $25.00 to $30.00. They now have an “outperform” rating on the stock.
  • 9/4/2018 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at Jefferies Financial Group Inc. They now have a $30.00 price target on the stock. They wrote, “We raise our 2019 EPS est and our price target following our meeting with management at our annual Chicago Summit. We have higher conviction that in 2H19, AMD will ship a server MPU with higher transistor density than INTC for the first time in recent history, if not ever. We see this as a foundational shift in competitive dynamics. Meanwhile, our checks also suggest that AMD continues to take share in high-end notebooks. AMD remains a top Tectonic Shift pick. Foundational Shift. For most of the past 12 years, Intel has executed near flawlessly, as AMD often stumbled and lost share. Intel’s manufacturing lead led to smaller, cheaper, lower power and higher performance transistors – making it nearly impossible for AMD to reverse its share loss.””
  • 8/29/2018 – Advanced Micro Devices had its price target raised by analysts at MKM Partners from $13.50 to $20.00. They now have a “buy” rating on the stock.
  • 8/23/2018 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $30.00 price target on the stock, up previously from $27.00.
  • 8/15/2018 – Advanced Micro Devices was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/10/2018 – Advanced Micro Devices was upgraded by analysts at Goldman Sachs Group Inc from a “sell” rating to a “neutral” rating. They now have a $21.00 price target on the stock, up previously from $13.25.
  • 8/6/2018 – Advanced Micro Devices was downgraded by analysts at Barclays PLC from an “equal weight” rating to an “underweight” rating. They now have a $15.00 price target on the stock.
  • 8/6/2018 – Advanced Micro Devices had its price target raised by analysts at Bank of America Corp to $25.00. They now have an “average” rating on the stock.
  • 7/31/2018 – Advanced Micro Devices was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “AMD reported stellar second-quarter results. Both revenues and earnings were up year over year, primarily due to better-than-expected growth in both the Computing and Graphics and Enterprise, Embedded and Semi-Custom business segments. Strong adoption of EPYC server processors is a growth driver. Further, the accelerated adoption of AMD’s products in the PC, gaming and data center industries primarily led to its impressive performance. AMD also provided an encouraging third-quarter revenue guidance. Moreover, increasing adoption of AI techniques and machine learning tools in industries like gaming, automotive and blockchain are primarily responsible for driving GPU demand. AMD is benefiting from this demand. AMD’s collaborations with Baidu, Amazon, Tencent, Microsoft and JD.com are other positive. However, a highly leveraged balance sheet and stiff competition remains a concern.”
  • 7/30/2018 – Advanced Micro Devices was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 7/27/2018 – Advanced Micro Devices had its price target raised by analysts at Argus to $23.00. They now have a “buy” rating on the stock.
  • 7/26/2018 – Advanced Micro Devices had its “outperform” rating reaffirmed by analysts at Cowen Inc. They now have a $25.00 price target on the stock, up previously from $21.00.
  • 7/26/2018 – Advanced Micro Devices had its price target raised by analysts at JPMorgan Chase & Co. to $15.50. They now have a “neutral” rating on the stock.
  • 7/26/2018 – Advanced Micro Devices had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $14.00 price target on the stock.
  • 7/26/2018 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at Stifel Nicolaus.
  • 7/26/2018 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $20.00 price target on the stock.
  • 7/26/2018 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at Wells Fargo & Co.
  • 7/25/2018 – Advanced Micro Devices was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating.
  • 7/16/2018 – Advanced Micro Devices had its price target raised by analysts at Stifel Nicolaus from $17.00 to $21.00. They now have a “buy” rating on the stock.

Shares of Advanced Micro Devices stock traded up $1.44 on Friday, hitting $31.92. 11,227,832 shares of the company traded hands, compared to its average volume of 133,941,592. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.26 and a current ratio of 1.66. Advanced Micro Devices, Inc. has a 52 week low of $9.04 and a 52 week high of $34.14. The company has a market capitalization of $31.40 billion, a PE ratio of 399.00, a P/E/G ratio of 6.32 and a beta of 3.16.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Wednesday, July 25th. The semiconductor manufacturer reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Advanced Micro Devices had a net margin of 5.04% and a return on equity of 52.84%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the firm posted $0.02 earnings per share. The company’s revenue was up 52.6% on a year-over-year basis. analysts forecast that Advanced Micro Devices, Inc. will post 0.36 earnings per share for the current year.

In other news, SVP Harry A. Wolin sold 391,046 shares of the business’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $24.75, for a total transaction of $9,678,388.50. Following the sale, the senior vice president now directly owns 1,517,922 shares of the company’s stock, valued at $37,568,569.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Lisa T. Su sold 200,000 shares of the business’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $19.41, for a total transaction of $3,882,000.00. The disclosure for this sale can be found here. Insiders sold 25,033,429 shares of company stock valued at $486,941,396 in the last three months. 1.80% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in AMD. OppenheimerFunds Inc. grew its holdings in shares of Advanced Micro Devices by 36.1% during the first quarter. OppenheimerFunds Inc. now owns 30,042,756 shares of the semiconductor manufacturer’s stock valued at $301,930,000 after buying an additional 7,966,623 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Advanced Micro Devices by 541.5% during the second quarter. Renaissance Technologies LLC now owns 7,427,326 shares of the semiconductor manufacturer’s stock valued at $111,336,000 after buying an additional 6,269,500 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Advanced Micro Devices by 1,311.0% during the first quarter. Millennium Management LLC now owns 6,700,103 shares of the semiconductor manufacturer’s stock valued at $67,336,000 after buying an additional 6,225,267 shares during the last quarter. Eagle Asset Management Inc. grew its holdings in shares of Advanced Micro Devices by 84.8% during the second quarter. Eagle Asset Management Inc. now owns 6,769,440 shares of the semiconductor manufacturer’s stock valued at $101,473,000 after buying an additional 3,105,441 shares during the last quarter. Finally, Carillon Tower Advisers Inc. grew its holdings in shares of Advanced Micro Devices by 107.7% during the second quarter. Carillon Tower Advisers Inc. now owns 5,432,501 shares of the semiconductor manufacturer’s stock valued at $81,432,000 after buying an additional 2,816,360 shares during the last quarter. 65.99% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's 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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