Advanced Micro Devices Inc. (AMD) Rating Increased to Strong-Buy at Vetr Inc.
Advanced Micro Devices Inc. (NASDAQ:AMD) was upgraded by stock analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report released on Monday. The brokerage presently has a $7.76 price objective on the semiconductor manufacturer’s stock. Vetr‘s price objective points to a potential upside of 25.77% from the company’s current price.
A number of other research firms also recently issued reports on AMD. Canaccord Genuity reiterated a “buy” rating on shares of Advanced Micro Devices in a research 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 target price on the stock in a research report on Monday, September 5th. Mizuho reiterated a “neutral” rating and set a $7.00 target price (up previously from $5.50) on shares of Advanced Micro Devices in a research report on Thursday, September 1st. Wells Fargo & Co. restated an “outperform” rating on shares of Advanced Micro Devices in a report on Wednesday, September 7th. Finally, JPMorgan Chase & Co. restated a “hold” rating and set a $6.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, July 26th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $5.62.
Shares of Advanced Micro Devices (NASDAQ:AMD) opened at 6.17 on Monday. The stock’s 50 day moving average is $6.78 and its 200-day moving average is $4.73. The firm’s market cap is $4.91 billion. Advanced Micro Devices has a 1-year low of $1.65 and a 1-year high of $8.00.
Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Thursday, July 21st. The semiconductor manufacturer reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.03. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $951.89 million. Analysts expect that Advanced Micro Devices will post ($0.20) earnings per share for the current year.
A number of large investors have recently made changes to their positions in the stock. Neuberger Berman Group LLC bought a new stake in shares of Advanced Micro Devices during the second quarter worth $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 worth $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 worth $130,000 after buying an additional 200 shares in the last quarter. Calvert Investment Management Inc. bought a new stake in shares of Advanced Micro Devices during the second quarter worth $173,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Advanced Micro Devices during the second quarter worth $179,000. 46.63% of the stock is currently 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.
To view Vetr’s full report, visit Vetr’s official website.
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