Advanced Micro Devices Inc. (NASDAQ:AMD) had its price target raised by Deutsche Bank AG from $4.00 to $5.00 in a report issued on Wednesday. They currently have a hold rating on the semiconductor manufacturer’s stock.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

A number of other research firms have also issued reports on AMD. Wells Fargo & Co. reaffirmed an outperform rating and issued a $4.25 price target on shares of Advanced Micro Devices in a research report on Thursday, May 26th. Canaccord Genuity reiterated a buy rating on shares of Advanced Micro Devices in a report on Tuesday, August 23rd. Mizuho reiterated a neutral rating and issued a $7.00 price objective (up previously from $5.50) on shares of Advanced Micro Devices in a report on Thursday, September 1st. Vetr upgraded Advanced Micro Devices from a hold rating to a buy rating and set a $4.56 price objective on the stock in a report on Monday, June 13th. Finally, Zacks Investment Research upgraded Advanced Micro Devices from a hold rating to a buy rating and set a $8.50 price objective on the stock in a report on Monday, September 5th. 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 currently 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 firm has a 50-day moving average price of $6.80 and a 200-day moving average price of $4.70. Advanced Micro Devices has a one year low of $1.65 and a one year high of $8.00. The firm’s market capitalization is $4.90 billion.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Thursday, July 21st. The semiconductor manufacturer reported ($0.05) earnings per share (EPS) for the quarter, beating 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 analysts anticipate that Advanced Micro Devices will post ($0.20) earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the company. Courier Capital Corp increased 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 valued at $130,000 after buying an additional 200 shares during the last quarter. State Treasurer State of Michigan increased 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 valued at $1,326,000 after buying an additional 1,500 shares during the last quarter. Gilder Gagnon Howe & Co. LLC increased 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 valued at $129,000 after buying an additional 1,800 shares during the last quarter. ProShare Advisors LLC increased 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 valued at $920,000 after buying an additional 2,331 shares during the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV increased 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 valued at $370,000 after buying an additional 4,500 shares during the last quarter. 46.63% of the stock is owned by institutional investors.

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

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