Vetr downgraded shares of Advanced Micro Devices Inc. (NASDAQ:AMD) from a strong-buy rating to a buy rating in a research report released on Wednesday. They currently have $6.48 target price on the semiconductor manufacturer’s stock.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

A number of other research firms have also recently commented on AMD. Canaccord Genuity restated a buy rating on shares of Advanced Micro Devices in a report on Tuesday, August 23rd. Zacks Investment Research upgraded shares of Advanced Micro Devices from a hold rating to a buy rating and set a $8.50 price target for the company in a report on Monday, September 5th. Mizuho restated a neutral rating and issued a $7.00 price target (up from $5.50) on shares of Advanced Micro Devices in a report on Thursday, September 1st. Wells Fargo & Co. reiterated an outperform rating on shares of Advanced Micro Devices in a report on Wednesday, September 7th. Finally, JPMorgan Chase & Co. reiterated a hold rating and set a $6.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, July 26th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Advanced Micro Devices presently has a consensus rating of Hold and a consensus target price of $5.47.

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

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Thursday, July 21st. The semiconductor manufacturer reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The company earned $1.03 billion during the quarter, compared to analyst estimates of $951.89 million. Equities research analysts predict that Advanced Micro Devices will post ($0.20) EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the company. Courier Capital Corp boosted its position in Advanced Micro Devices by 0.8% in the second quarter. Courier Capital Corp now owns 25,200 shares of the semiconductor manufacturer’s stock worth $130,000 after buying an additional 200 shares in the last quarter. State Treasurer State of Michigan boosted its position in Advanced Micro Devices by 0.6% in the second quarter. State Treasurer State of Michigan now owns 257,900 shares of the semiconductor manufacturer’s stock worth $1,326,000 after buying an additional 1,500 shares in the last quarter. Gilder Gagnon Howe & Co. LLC boosted its position in Advanced Micro Devices by 7.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 25,072 shares of the semiconductor manufacturer’s stock worth $129,000 after buying an additional 1,800 shares in the last quarter. ProShare Advisors LLC boosted its position in Advanced Micro Devices by 1.3% in the second quarter. ProShare Advisors LLC now owns 179,034 shares of the semiconductor manufacturer’s stock worth $920,000 after buying an additional 2,331 shares in the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV boosted its position in Advanced Micro Devices by 6.7% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 71,900 shares of the semiconductor manufacturer’s stock worth $370,000 after buying an additional 4,500 shares in the last quarter. 46.63% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Company Profile

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

To view Vetr’s full report, visit Vetr’s official website.

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