Several other research analysts also recently issued reports on the company. BMO Capital Markets downgraded Advanced Micro Devices from an outperform rating to a market perform rating and set a $15.00 price objective for the company. in a research note on Wednesday, July 26th. Jefferies Group LLC set a $19.00 price objective on Advanced Micro Devices and gave the company a buy rating in a research note on Wednesday, July 26th. Stifel Nicolaus reaffirmed a hold rating and issued a $11.00 price objective on shares of Advanced Micro Devices in a research note on Saturday, July 22nd. Susquehanna Bancshares Inc reaffirmed a neutral rating on shares of Advanced Micro Devices in a research note on Monday, July 3rd. Finally, Deutsche Bank AG reiterated a hold rating and issued a $12.00 target price (up from $10.00) on shares of Advanced Micro Devices in a report on Wednesday, July 26th. Six analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Advanced Micro Devices currently has an average rating of Hold and an average price target of $14.05.
Shares of Advanced Micro Devices (NASDAQ:AMD) opened at $11.38 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.70 and a debt-to-equity ratio of 2.61. Advanced Micro Devices has a 52-week low of $8.26 and a 52-week high of $15.65.
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In other news, CEO Lisa T. Su sold 82,709 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $13.62, for a total transaction of $1,126,496.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Darla M. Smith sold 22,175 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $12.20, for a total value of $270,535.00. Following the transaction, the insider now directly owns 36,585 shares in the company, valued at $446,337. The disclosure for this sale can be found here. Insiders have sold 1,312,587 shares of company stock worth $16,030,861 over the last three months. Insiders own 1.60% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. boosted its position in shares of Advanced Micro Devices by 1,655.2% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock valued at $111,000 after purchasing an additional 8,243 shares in the last quarter. First Personal Financial Services bought a new stake in Advanced Micro Devices in the third quarter worth $127,000. K.J. Harrison & Partners Inc bought a new stake in Advanced Micro Devices in the second quarter worth $125,000. 1492 Capital Management LLC bought a new position in shares of Advanced Micro Devices during the third quarter valued at $128,000. Finally, Cetera Investment Advisers bought a new position in shares of Advanced Micro Devices during the third quarter valued at $137,000. Institutional investors own 58.63% of the company’s stock.
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.
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