Advanced Micro Devices, Inc. (NASDAQ:AMD) had its price target hoisted by stock analysts at Jefferies Group LLC to $16.00 in a report released on Monday. The firm presently has a “buy” rating on the semiconductor manufacturer’s stock. Jefferies Group LLC’s price target would suggest a potential upside of 18.61% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Canaccord Genuity boosted their target price on shares of Advanced Micro Devices to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, February 1st. Pacific Crest reissued an “equal weight” rating on shares of Advanced Micro Devices in a research report on Wednesday, December 14th. Vetr raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $12.60 target price for the company in a research report on Wednesday, December 28th. Mizuho raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Tuesday, December 20th. Finally, BMO Capital Markets raised shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating in a research report on Monday, December 12th. Seventeen investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $10.31.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

Shares of Advanced Micro Devices (NASDAQ:AMD) traded up 6.709% during trading on Monday, reaching $14.395. The company had a trading volume of 1,473,045 shares. The stock’s 50-day moving average price is $13.32 and its 200-day moving average price is $9.61. The company’s market capitalization is $13.54 billion. Advanced Micro Devices has a 52 week low of $2.60 and a 52 week high of $15.55.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 31st. The semiconductor manufacturer reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The company earned $1.10 billion during the quarter, compared to the consensus estimate of $1.07 billion. Advanced Micro Devices’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.10) EPS. On average, equities analysts expect that Advanced Micro Devices will post $0.07 EPS for the current fiscal year.

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In other news, Director Bruce L. Claflin sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 10th. The shares were sold at an average price of $11.51, for a total value of $230,200.00. Following the completion of the sale, the director now directly owns 698,902 shares of the company’s stock, valued at approximately $8,044,362.02. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Development Co Pjsc Mubadala sold 45,000,000 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $13.63, for a total transaction of $613,350,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,549,252 shares of company stock valued at $619,940,216. Company insiders own 1.00% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC raised its stake in shares of Advanced Micro Devices by 253.2% in the fourth quarter. Renaissance Technologies LLC now owns 11,530,326 shares of the semiconductor manufacturer’s stock worth $130,754,000 after buying an additional 8,265,725 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new stake in shares of Advanced Micro Devices during the third quarter worth $38,696,000. Norges Bank bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth $50,722,000. TIAA CREF Investment Management LLC raised its stake in shares of Advanced Micro Devices by 69.5% in the third quarter. TIAA CREF Investment Management LLC now owns 9,649,619 shares of the semiconductor manufacturer’s stock worth $66,679,000 after buying an additional 3,956,359 shares in the last quarter. Finally, Hood River Capital Management LLC raised its stake in shares of Advanced Micro Devices by 207.1% in the third quarter. Hood River Capital Management LLC now owns 4,722,900 shares of the semiconductor manufacturer’s stock worth $32,635,000 after buying an additional 3,184,930 shares in the last quarter. 54.77% of the stock is 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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