Sanford C. Bernstein upgraded shares of Advanced Micro Devices Inc. (NASDAQ:AMD) from an underperform rating to a market perform rating in a research report sent to investors on Tuesday morning. Sanford C. Bernstein currently has $5.00 price target on the semiconductor manufacturer’s stock, up from their prior price target of $3.00.

Other analysts have also recently issued reports about the company. Vetr upgraded Advanced Micro Devices from a hold rating to a buy rating and set a $4.56 price target on the stock in a research report on Monday, June 13th. JPMorgan Chase & Co. reiterated a hold rating and set a $6.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, July 26th. MKM Partners reiterated a buy rating and set a $5.00 price target (up from $4.00) on shares of Advanced Micro Devices in a research report on Monday, June 13th. Jefferies Group reiterated a buy rating and set a $9.00 price target on shares of Advanced Micro Devices in a research report on Monday. Finally, Mizuho increased their price objective on Advanced Micro Devices from $4.50 to $5.50 and gave the stock a neutral rating in a report on Friday, July 22nd. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Advanced Micro Devices currently has a consensus rating of Hold and a consensus target price of $5.62.

Advanced Micro Devices (NASDAQ:AMD) opened at 6.21 on Tuesday. The stock’s market capitalization is $4.94 billion. The firm has a 50 day moving average price of $6.78 and a 200 day moving average price of $4.73. 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 announced its quarterly earnings results on Thursday, July 21st. The semiconductor manufacturer reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates 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. Equities research analysts predict that Advanced Micro Devices will post ($0.20) earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. Investors Asset Management of Georgia Inc. GA ADV raised its stake in shares of 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 in the last quarter. Nordea Investment Management AB purchased a new stake in shares of Advanced Micro Devices during the second quarter valued at about $972,000. BNP Paribas Arbitrage SA raised its stake in shares of Advanced Micro Devices by 92.2% in the second quarter. BNP Paribas Arbitrage SA now owns 637,300 shares of the semiconductor manufacturer’s stock valued at $3,276,000 after buying an additional 305,791 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Advanced Micro Devices during the first quarter valued at about $181,000. Finally, Royal Bank of Canada increased its position in Advanced Micro Devices by 1,208.6% in the first quarter. Royal Bank of Canada now owns 167,020 shares of the semiconductor manufacturer’s stock valued at $474,000 after buying an additional 154,257 shares during the last quarter. Institutional investors and hedge funds own 41.45% of the company’s stock.

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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