Advanced Micro Devices, Inc. (AMD) Receives $13.86 Consensus PT from Analysts

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have been assigned a consensus rating of “Hold” from the thirty-two research firms that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation, nine have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $13.91.

Several research firms recently commented on AMD. Summit Redstone reiterated a “hold” rating on shares of Advanced Micro Devices in a research note on Saturday, July 22nd. Wells Fargo & Company reiterated an “outperform” rating on shares of Advanced Micro Devices in a research note on Wednesday, August 23rd. MKM Partners reiterated a “neutral” rating and issued a $13.00 price target on shares of Advanced Micro Devices in a research note on Friday, July 21st. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Advanced Micro Devices in a research note on Friday, July 28th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a $10.60 price target on shares of Advanced Micro Devices in a research note on Monday, June 12th.

In other news, SVP Forrest Eugene Norrod sold 62,500 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $15.42, for a total value of $963,750.00. Following the transaction, the senior vice president now directly owns 600,301 shares of the company’s stock, valued at $9,256,641.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James Robert Anderson sold 20,000 shares of the company’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $13.91, for a total transaction of $278,200.00. Following the completion of the transaction, the senior vice president now directly owns 422,363 shares in the company, valued at $5,875,069.33. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,074,793 shares of company stock worth $21,024,000,026,636,200. Company insiders own 1.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Baillie Gifford & Co. acquired a new position in Advanced Micro Devices during the second quarter worth $184,767,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Advanced Micro Devices by 51.7% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 200,824 shares of the semiconductor manufacturer’s stock valued at $2,506,000 after acquiring an additional 68,462 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Advanced Micro Devices by 20.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,983 shares of the semiconductor manufacturer’s stock valued at $1,997,000 after acquiring an additional 27,233 shares during the period. KBC Group NV boosted its holdings in Advanced Micro Devices by 16.0% during the second quarter. KBC Group NV now owns 106,877 shares of the semiconductor manufacturer’s stock valued at $1,334,000 after acquiring an additional 14,715 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Advanced Micro Devices by 48.3% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,363,776 shares of the semiconductor manufacturer’s stock valued at $29,500,000 after acquiring an additional 769,739 shares during the period. 59.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Advanced Micro Devices (AMD) traded up 1.81% during midday trading on Wednesday, reaching $13.47. The company’s stock had a trading volume of 54,032,528 shares. Advanced Micro Devices has a 52 week low of $6.22 and a 52 week high of $15.65. The firm’s 50 day moving average is $12.77 and its 200 day moving average is $12.72. The firm’s market capitalization is $12.75 billion.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.04. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. Equities analysts forecast that Advanced Micro Devices will post $0.10 EPS for the current fiscal year.

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About Advanced Micro Devices

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.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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