Advanced Micro Devices (NASDAQ:AMD) Given “Buy” Rating at Bank of America

Bank of America reissued their buy rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a research note released on Tuesday, November 14th. The brokerage currently has a $18.00 target price on the semiconductor manufacturer’s stock.

Several other research analysts have also recently commented on AMD. Canaccord Genuity reaffirmed a buy rating and set a $20.00 target price on shares of Advanced Micro Devices in a report on Monday, July 17th. Barclays cut shares of Advanced Micro Devices from an equal weight rating to an underweight rating and set a $9.00 target price on the stock. in a report on Tuesday, July 18th. Rosenblatt Securities reiterated a buy rating and set a $20.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, July 18th. Summit Redstone reiterated a hold rating on shares of Advanced Micro Devices in a research report on Saturday, July 22nd. Finally, MKM Partners reiterated a neutral rating and set a $13.00 price target on shares of Advanced Micro Devices in a research report on Friday, July 21st. Six equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $14.02.

Shares of Advanced Micro Devices (NASDAQ:AMD) traded down $0.16 on Tuesday, hitting $10.73. 41,932,685 shares of the stock traded hands, compared to its average volume of 46,219,072. Advanced Micro Devices has a 12 month low of $8.38 and a 12 month high of $15.65. The company has a current ratio of 1.70, a quick ratio of 1.20 and a debt-to-equity ratio of 2.61.

In other Advanced Micro Devices news, CEO Lisa T. Su sold 325,000 shares of Advanced Micro Devices stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $12.46, for a total value of $4,049,500.00. Following the completion of the sale, the chief executive officer now directly owns 2,037,139 shares of the company’s stock, valued at $25,382,751.94. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Darla M. Smith sold 18,001 shares of Advanced Micro Devices stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $11.37, for a total transaction of $204,671.37. Following the completion of the sale, the chief accounting officer now directly owns 19,078 shares of the company’s stock, valued at $216,916.86. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,274,783 shares of company stock valued at $15,346,419. Insiders own 1.60% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Coldstream Capital Management Inc. increased its position in shares of Advanced Micro Devices by 0.3% during the second quarter. Coldstream Capital Management Inc. now owns 20,735 shares of the semiconductor manufacturer’s stock worth $259,000 after acquiring an additional 60 shares in the last quarter. Wealthfront Inc. boosted its holdings in Advanced Micro Devices by 0.5% during the second quarter. Wealthfront Inc. now owns 20,050 shares of the semiconductor manufacturer’s stock worth $250,000 after purchasing an additional 104 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in Advanced Micro Devices by 0.4% during the second quarter. Neuberger Berman Group LLC now owns 70,113 shares of the semiconductor manufacturer’s stock worth $875,000 after purchasing an additional 272 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Advanced Micro Devices by 0.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 57,571 shares of the semiconductor manufacturer’s stock worth $718,000 after purchasing an additional 348 shares during the last quarter. Finally, National Planning Corp boosted its holdings in Advanced Micro Devices by 4.9% during the second quarter. National Planning Corp now owns 12,890 shares of the semiconductor manufacturer’s stock worth $157,000 after purchasing an additional 600 shares during the last quarter. 59.47% of the stock is owned by institutional investors.

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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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