Advanced Micro Devices, Inc. (NASDAQ:AMD)‘s stock had its “buy” rating restated by investment analysts at Bank of America Corporation in a report released on Tuesday. They presently have a $18.00 price objective on the semiconductor manufacturer’s stock. Bank of America Corporation’s price objective would suggest a potential upside of 62.60% from the company’s previous close.
Several other equities analysts have also issued reports on the stock. Jefferies Group LLC reiterated a “buy” rating and set a $19.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 25th. BNP Paribas upgraded shares of Advanced Micro Devices from a “neutral” rating to an “outperform” rating in a report on Thursday, October 12th. TheStreet upgraded shares of Advanced Micro Devices from a “d” rating to a “c-” rating in a report on Tuesday, October 24th. Morgan Stanley reiterated an “equal weight” rating and set a $6.00 target price on shares of Advanced Micro Devices in a report on Thursday, August 31st. Finally, Barclays PLC lowered shares of Advanced Micro Devices from an “equal weight” rating to an “underweight” rating and set a $9.00 target price for the company. in a report on Tuesday, July 18th. Six research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $14.05.
Advanced Micro Devices (NASDAQ:AMD) opened at $11.07 on Tuesday. Advanced Micro Devices has a 1-year low of $7.07 and a 1-year 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.
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In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $12.18, for a total value of $1,522,500.00. Following the sale, the chief executive officer now owns 2,037,139 shares in the company, valued at approximately $24,812,353.02. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Harry A. Wolin sold 38,983 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $10.95, for a total transaction of $426,863.85. Following the completion of the sale, the senior vice president now owns 969,858 shares in the company, valued at approximately $10,619,945.10. The disclosure for this sale can be found here. Insiders sold a total of 1,312,587 shares of company stock valued at $16,030,861 in the last ninety days. 1.60% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in AMD. Bronfman E.L. Rothschild L.P. lifted its stake in Advanced Micro Devices by 1,655.2% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock worth $111,000 after purchasing an additional 8,243 shares in the last quarter. K.J. Harrison & Partners Inc purchased a new stake in Advanced Micro Devices in the 2nd quarter worth $125,000. First Personal Financial Services purchased a new stake in Advanced Micro Devices in the 3rd quarter worth $127,000. 1492 Capital Management LLC purchased a new stake in Advanced Micro Devices in the 3rd quarter worth $128,000. Finally, Regal Investment Advisors LLC purchased a new stake in Advanced Micro Devices in the 2nd quarter worth $137,000. Institutional investors and hedge funds 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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