Advanced Micro Devices Inc. (AMD) Price Target Increased to $5.00 by Analysts at Deutsche Bank AG
Advanced Micro Devices Inc. (NASDAQ:AMD) had its price target boosted by Deutsche Bank AG from $4.00 to $5.00 in a research note released on Wednesday. Deutsche Bank AG currently has a hold rating on the semiconductor manufacturer’s stock.
A number of other equities analysts have also issued reports on the company. Sanford C. Bernstein lowered Advanced Micro Devices from a market perform rating to an underperform rating and set a $3.00 price objective for the company. in a report on Friday, July 8th. Canaccord Genuity reissued a buy rating and issued a $8.50 price objective on shares of Advanced Micro Devices in a report on Monday, September 12th. Vetr lowered Advanced Micro Devices from a sell rating to a strong sell rating and set a $6.54 price objective for the company. in a report on Monday, August 22nd. MKM Partners increased their price objective on Advanced Micro Devices from $5.00 to $6.30 and gave the stock a buy rating in a report on Tuesday, July 19th. Finally, BMO Capital Markets reissued a hold rating on shares of Advanced Micro Devices in a report on Sunday, July 10th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $5.47.
Advanced Micro Devices (NASDAQ:AMD) opened at 6.16 on Wednesday. The stock’s market cap is $4.90 billion. Advanced Micro Devices has a 52-week low of $1.65 and a 52-week high of $8.00. The firm’s 50-day moving average price is $6.80 and its 200 day moving average price is $4.70.
Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Thursday, July 21st. The semiconductor manufacturer reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The business earned $1.03 billion during the quarter, compared to the consensus estimate of $951.89 million. Equities analysts predict that Advanced Micro Devices will post ($0.20) earnings per share for the current year.
Several large investors have recently modified their holdings of the stock. Neuberger Berman Group LLC acquired a new stake in shares of Advanced Micro Devices during the second quarter valued at about $116,000. Gilder Gagnon Howe & Co. LLC increased its stake in shares of 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 in the last quarter. Courier Capital Corp increased its stake in shares of 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 in the last quarter. Calvert Investment Management Inc. acquired a new stake in shares of Advanced Micro Devices during the second quarter valued at about $173,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Advanced Micro Devices during the second quarter valued at about $179,000. 46.63% of the stock is currently 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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