Advanced Micro Devices (NASDAQ:AMD) had its target price boosted by equities researchers at Stifel Nicolaus from $21.00 to $38.00 in a research report issued on Wednesday, September 19th, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the semiconductor manufacturer’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 44.27% from the stock’s previous close.

Several other brokerages also recently issued reports on AMD. Mizuho upped their price target on shares of Advanced Micro Devices from $20.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, September 18th. FBN Securities initiated coverage on shares of Advanced Micro Devices in a report on Thursday, September 13th. They issued an “outperform” rating on the stock. Morgan Stanley reissued an “underweight” rating and issued a $28.00 price objective (up previously from $11.00) on shares of Advanced Micro Devices in a research report on Wednesday, September 19th. Rosenblatt Securities boosted their price objective on shares of Advanced Micro Devices from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, September 11th. Finally, Wells Fargo & Co boosted their price objective on shares of Advanced Micro Devices from $20.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, September 10th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $23.58.

AMD stock traded up $1.04 during trading on Wednesday, reaching $26.34. 110,848,406 shares of the company were exchanged, compared to its average volume of 79,244,445. The company has a market cap of $30.11 billion, a P/E ratio of 329.25, a P/E/G ratio of 6.00 and a beta of 3.10. Advanced Micro Devices has a 52-week low of $9.04 and a 52-week high of $34.14. The company has a current ratio of 1.66, a quick ratio of 1.26 and a debt-to-equity ratio of 1.33.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Wednesday, July 25th. The semiconductor manufacturer reported $0.14 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the firm earned $0.02 earnings per share. The firm’s revenue was up 52.6% on a year-over-year basis. On average, equities research analysts expect that Advanced Micro Devices will post 0.37 earnings per share for the current year.

In other news, CFO Devinder Kumar sold 113,519 shares of the company’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $19.37, for a total value of $2,198,863.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mubadala Investment Co Pjsc sold 22,000,000 shares of the company’s stock in a transaction on Monday, July 30th. The shares were sold at an average price of $19.33, for a total transaction of $425,260,000.00. The disclosure for this sale can be found here. Insiders sold 24,822,900 shares of company stock valued at $486,042,396 in the last three months. Company insiders own 1.80% of the company’s stock.

Several hedge funds have recently made changes to their positions in AMD. World Asset Management Inc boosted its stake in Advanced Micro Devices by 3.6% during the 3rd quarter. World Asset Management Inc now owns 57,906 shares of the semiconductor manufacturer’s stock valued at $1,789,000 after acquiring an additional 2,014 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in Advanced Micro Devices by 22.1% during the 1st quarter. Coldstream Capital Management Inc. now owns 22,570 shares of the semiconductor manufacturer’s stock valued at $227,000 after acquiring an additional 4,085 shares during the last quarter. First Allied Advisory Services Inc. raised its holdings in shares of Advanced Micro Devices by 17.3% during the second quarter. First Allied Advisory Services Inc. now owns 27,985 shares of the semiconductor manufacturer’s stock worth $415,000 after purchasing an additional 4,126 shares during the period. Cornerstone Wealth Management LLC acquired a new stake in shares of Advanced Micro Devices during the second quarter worth $275,000. Finally, CIBC Asset Management Inc raised its holdings in shares of Advanced Micro Devices by 5.6% during the second quarter. CIBC Asset Management Inc now owns 82,559 shares of the semiconductor manufacturer’s stock worth $1,238,000 after purchasing an additional 4,344 shares during the period. Institutional investors and hedge funds own 65.96% of the company’s stock.

Advanced Micro Devices Company Profile

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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Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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