Advanced Micro Devices (NASDAQ:AMD) was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued on Thursday, March 8th. They presently have a $13.62 price target on the semiconductor manufacturer’s stock. Vetr‘s price objective points to a potential upside of 42.92% from the stock’s current price.
A number of other equities research analysts have also weighed in on AMD. Jefferies Group restated a “buy” rating and set a $19.00 price target on shares of Advanced Micro Devices in a research note on Friday, November 10th. Zacks Investment Research upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Wednesday, January 31st. MKM Partners upped their target price on Advanced Micro Devices from $13.00 to $14.50 and gave the company a “buy” rating in a research report on Monday, January 29th. Mizuho reiterated a “buy” rating and issued a $17.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, November 28th. Finally, Bank of America reiterated a “buy” rating and issued a $18.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, November 14th. Seven equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $14.62.
Shares of NASDAQ:AMD traded down $0.52 on Thursday, hitting $9.53. 64,728,819 shares of the company’s stock were exchanged, compared to its average volume of 64,314,719. The company has a current ratio of 1.76, a quick ratio of 1.27 and a debt-to-equity ratio of 2.17. The company has a market cap of $9,739.77, a price-to-earnings ratio of 119.13, a price-to-earnings-growth ratio of 4.34 and a beta of 2.86. Advanced Micro Devices has a 12 month low of $9.51 and a 12 month high of $15.65.
In other news, SVP Forrest Eugene Norrod sold 62,500 shares of the stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $11.61, for a total transaction of $725,625.00. Following the completion of the transaction, the senior vice president now directly owns 743,772 shares in the company, valued at approximately $8,635,192.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Harry A. Wolin sold 75,046 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $12.08, for a total value of $906,555.68. Following the transaction, the senior vice president now owns 1,175,504 shares of the company’s stock, valued at $14,200,088.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,221,120 shares of company stock valued at $14,659,153. 1.80% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB boosted its holdings in Advanced Micro Devices by 8.7% during the 4th quarter. Xact Kapitalforvaltning AB now owns 130,097 shares of the semiconductor manufacturer’s stock valued at $1,337,000 after acquiring an additional 10,427 shares during the period. MetLife Investment Advisors LLC purchased a new position in Advanced Micro Devices during the 4th quarter valued at about $2,608,000. Vident Investment Advisory LLC boosted its holdings in Advanced Micro Devices by 13.7% during the 4th quarter. Vident Investment Advisory LLC now owns 60,319 shares of the semiconductor manufacturer’s stock valued at $620,000 after acquiring an additional 7,257 shares during the period. Laurel Wealth Advisors Inc. purchased a new position in Advanced Micro Devices during the 4th quarter valued at about $246,000. Finally, Crestline Management LP purchased a new position in Advanced Micro Devices during the 4th quarter valued at about $308,000. Institutional investors and hedge funds own 62.15% 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.
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