Advanced Micro Devices (NASDAQ:AMD) had its price objective lifted by Nomura from $33.00 to $37.00 in a research note issued to investors on Tuesday morning, The Fly reports. They currently have a buy rating on the semiconductor manufacturer’s stock.

Other analysts have also issued research reports about the company. Credit Suisse Group reiterated an outperform rating and issued a GBX 2,012 ($26.29) price target on shares of Aston Martin Lagonda Global in a report on Wednesday, May 1st. Morgan Stanley set a $14.00 price target on Secureworks and gave the company a hold rating in a report on Thursday, June 6th. Craig Hallum boosted their price target on 1-800-Flowers.Com from $26.00 to $20.00 and gave the company a buy rating in a report on Wednesday, May 1st. BidaskClub upgraded Zebra Technologies from a hold rating to a buy rating in a report on Saturday, July 6th. Finally, Mizuho boosted their price target on NXP Semiconductors from $95.00 to $100.00 and gave the company a neutral rating in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seventeen have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $30.08.

Shares of NASDAQ:AMD opened at $33.21 on Tuesday. Advanced Micro Devices has a 1 year low of $15.72 and a 1 year high of $34.30. The company’s 50 day simple moving average is $30.24. The stock has a market capitalization of $35.76 billion, a price-to-earnings ratio of 94.89, a PEG ratio of 2.00 and a beta of 3.08. The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.57.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.26 billion. Advanced Micro Devices had a return on equity of 25.23% and a net margin of 4.46%. The company’s revenue for the quarter was down 22.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.11 earnings per share. Analysts expect that Advanced Micro Devices will post 0.54 earnings per share for the current fiscal year.

In related news, CEO Lisa T. Su sold 250,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $26.75, for a total value of $6,687,500.00. Following the completion of the transaction, the chief executive officer now owns 2,511,264 shares of the company’s stock, valued at $67,176,312. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lisa T. Su sold 164,000 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $33.66, for a total value of $5,520,240.00. Following the transaction, the chief executive officer now directly owns 2,375,264 shares in the company, valued at $79,951,386.24. The disclosure for this sale can be found here. Insiders sold 1,033,066 shares of company stock valued at $30,445,396 in the last three months. 1.50% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. OppenheimerFunds Inc. increased its position in shares of Advanced Micro Devices by 1.0% during the first quarter. OppenheimerFunds Inc. now owns 24,489,979 shares of the semiconductor manufacturer’s stock worth $624,984,000 after purchasing an additional 254,425 shares in the last quarter. Artisan Partners Limited Partnership increased its position in shares of Advanced Micro Devices by 66.9% during the first quarter. Artisan Partners Limited Partnership now owns 14,941,422 shares of the semiconductor manufacturer’s stock worth $381,305,000 after purchasing an additional 5,991,132 shares in the last quarter. Norges Bank acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth $252,424,000. Geode Capital Management LLC increased its position in shares of Advanced Micro Devices by 14.5% during the fourth quarter. Geode Capital Management LLC now owns 13,069,235 shares of the semiconductor manufacturer’s stock worth $240,885,000 after purchasing an additional 1,651,507 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Advanced Micro Devices by 1.6% during the first quarter. Northern Trust Corp now owns 10,131,101 shares of the semiconductor manufacturer’s stock worth $258,546,000 after purchasing an additional 161,453 shares in the last quarter. 60.73% of the stock is currently owned by institutional investors and hedge funds.

About Advanced Micro Devices

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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The Fly

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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