Canaccord Genuity restated their buy rating on shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in a research note published on Tuesday. They currently have a $13.00 price objective on the semiconductor manufacturer’s stock.

AMD has been the topic of several other research reports. Vetr downgraded shares of Advanced Micro Devices from a buy rating to a hold rating and set a $12.47 price target on the stock. in a research note on Tuesday, December 27th. Mizuho raised shares of Advanced Micro Devices from a neutral rating to a buy rating and set a $13.00 price target on the stock in a research note on Tuesday, December 20th. Zacks Investment Research raised shares of Advanced Micro Devices from a hold rating to a buy rating and set a $12.00 target price on the stock in a research report on Tuesday, December 20th. Jefferies Group raised their target price on shares of Advanced Micro Devices from $9.00 to $13.00 and gave the company a buy rating in a research report on Friday, December 16th. Finally, Morgan Stanley raised shares of Advanced Micro Devices from an underweight rating to an equal weight rating and raised their target price for the company from $5.00 to $11.00 in a research report on Thursday, December 15th. Fifteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $8.14.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

Advanced Micro Devices (NASDAQ:AMD) traded down 1.30% during midday trading on Tuesday, reaching $10.62. 15,928,927 shares of the company traded hands. The company has a 50 day moving average price of $10.25 and a 200-day moving average price of $7.36. The stock’s market capitalization is $9.84 billion. Advanced Micro Devices has a one year low of $1.75 and a one year high of $12.42.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Thursday, October 20th. The semiconductor manufacturer reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The firm earned $1.31 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the company posted ($0.17) EPS. The company’s revenue was up 23.2% compared to the same quarter last year. Analysts forecast that Advanced Micro Devices will post ($0.15) EPS for the current fiscal year.

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In related news, Director Bruce L. Claflin sold 20,000 shares of the business’s stock in a transaction on Tuesday, January 10th. The shares were sold at an average price of $11.51, for a total value of $230,200.00. Following the completion of the sale, the director now owns 698,902 shares of the company’s stock, valued at approximately $8,044,362.02. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Lisa T. Su sold 665,414 shares of the business’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $6.61, for a total transaction of $4,398,386.54. Following the completion of the sale, the chief executive officer now directly owns 2,687,640 shares of the company’s stock, valued at approximately $17,765,300.40. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of AMD. BlackRock Inc. raised its stake in shares of Advanced Micro Devices by 39.9% in the third quarter. BlackRock Inc. now owns 528,631 shares of the semiconductor manufacturer’s stock valued at $3,653,000 after buying an additional 150,726 shares during the last quarter. Retirement Systems of Alabama raised its stake in shares of Advanced Micro Devices by 14.1% in the third quarter. Retirement Systems of Alabama now owns 946,325 shares of the semiconductor manufacturer’s stock valued at $6,539,000 after buying an additional 117,205 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of Advanced Micro Devices by 1.2% in the third quarter. Nationwide Fund Advisors now owns 1,867,494 shares of the semiconductor manufacturer’s stock valued at $12,904,000 after buying an additional 21,322 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Advanced Micro Devices by 9.1% in the third quarter. Rhumbline Advisers now owns 1,356,430 shares of the semiconductor manufacturer’s stock valued at $9,373,000 after buying an additional 113,656 shares during the last quarter. Finally, ClariVest Asset Management LLC bought a new stake in shares of Advanced Micro Devices during the second quarter valued at approximately $2,853,000. 54.69% of the stock is owned by institutional investors.

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.

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