Jefferies Group restated their buy rating on shares of Advanced Micro Devices Inc. (NASDAQ:AMD) in a research report released on Monday. The firm currently has a $9.00 price target on the semiconductor manufacturer’s stock.

A number of other research analysts also recently issued reports on the stock. Sanford C. Bernstein downgraded shares of Advanced Micro Devices from a market perform rating to an underperform rating and set a $3.00 price objective on the stock. in a research report on Friday, July 8th. Canaccord Genuity reissued a buy rating and set a $8.50 price objective on shares of Advanced Micro Devices in a research report on Monday, September 12th. Vetr downgraded shares of Advanced Micro Devices from a sell rating to a strong sell rating and set a $6.54 price objective on the stock. in a research report on Monday, August 22nd. MKM Partners boosted their price objective on shares of Advanced Micro Devices from $5.00 to $6.30 and gave the company a buy rating in a research report on Tuesday, July 19th. Finally, BMO Capital Markets reissued a hold rating on shares of Advanced Micro Devices in a research report on Sunday, July 10th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Hold and an average target price of $5.52.

Shares of Advanced Micro Devices (NASDAQ:AMD) opened at 6.16 on Monday. The stock’s 50 day moving average is $6.80 and its 200 day moving average is $4.70. Advanced Micro Devices has a 52-week low of $1.65 and a 52-week high of $8.00. The firm’s market capitalization is $4.90 billion.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Thursday, July 21st. The semiconductor manufacturer reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. The firm earned $1.03 billion during the quarter, compared to analysts’ expectations of $951.89 million. On average, equities research analysts forecast that Advanced Micro Devices will post ($0.20) EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Emerald Acquisition Ltd. purchased a new position in Advanced Micro Devices during the second quarter worth approximately $14,815,000. Arizona State Retirement System increased its position in Advanced Micro Devices by 4.1% in the first quarter. Arizona State Retirement System now owns 326,833 shares of the semiconductor manufacturer’s stock worth $931,000 after buying an additional 12,800 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Advanced Micro Devices during the first quarter worth approximately $15,658,000. Societe Generale purchased a new position in Advanced Micro Devices during the second quarter worth approximately $937,000. Finally, BlackRock Group LTD increased its position in Advanced Micro Devices by 24.2% in the first quarter. BlackRock Group LTD now owns 449,771 shares of the semiconductor manufacturer’s stock worth $1,282,000 after buying an additional 87,752 shares in the last quarter. Hedge funds and other institutional investors own 46.63% of the company’s stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as a standalone central processing unit (CPU) or as incorporated into an accelerated processing unit (APU), chipsets, and discrete graphics processing units (GPUs) for the consumer, commercial and professional graphics markets, and server and embedded CPUs, GPUs and APUs, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

5 Day Chart for NASDAQ:AMD

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