Advanced Micro Devices (NASDAQ:AMD) had its target price raised by Cowen from $25.00 to $30.00 in a research report sent to investors on Tuesday morning, MarketBeat reports. They currently have an outperform rating on the semiconductor manufacturer’s stock.

A number of other equities analysts have also recently issued reports on the company. Stifel Nicolaus boosted their price objective on Advanced Micro Devices from $17.00 to $21.00 and gave the company a buy rating in a report on Monday, July 16th. Benchmark started coverage on Advanced Micro Devices in a report on Tuesday, June 26th. They set a hold rating for the company. They noted that the move was a valuation call. Susquehanna Bancshares upgraded Advanced Micro Devices from a negative rating to a neutral rating and set a $13.87 price objective for the company in a report on Wednesday, May 16th. BidaskClub upgraded Advanced Micro Devices from a buy rating to a strong-buy rating in a report on Wednesday, June 13th. Finally, Rosenblatt Securities restated a buy rating and set a $30.00 price objective (up previously from $27.00) on shares of Advanced Micro Devices in a report on Thursday, August 23rd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $17.98.

Shares of Advanced Micro Devices stock opened at $28.06 on Tuesday. The company has a market capitalization of $24.54 billion, a PE ratio of 74.03, a P/E/G ratio of 8.92 and a beta of 3.15. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.66 and a quick ratio of 1.26. Advanced Micro Devices has a one year low of $9.04 and a one year high of $28.11.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Wednesday, July 25th. The semiconductor manufacturer reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Advanced Micro Devices had a return on equity of 52.84% and a net margin of 5.04%. The company’s quarterly revenue was up 52.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.02 EPS. research analysts forecast that Advanced Micro Devices will post 0.36 earnings per share for the current year.

In other Advanced Micro Devices news, SVP Forrest Eugene Norrod sold 62,500 shares of Advanced Micro Devices stock in a transaction on Monday, June 11th. The stock was sold at an average price of $15.27, for a total transaction of $954,375.00. Following the completion of the sale, the senior vice president now directly owns 668,772 shares of the company’s stock, valued at approximately $10,212,148.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Lisa T. Su sold 300,000 shares of Advanced Micro Devices stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $15.38, for a total value of $4,614,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,265,929 shares of company stock valued at $488,052,771. 1.80% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of AMD. Advisors Asset Management Inc. bought a new position in shares of Advanced Micro Devices in the 2nd quarter worth $327,000. Public Employees Retirement System of Ohio raised its position in shares of Advanced Micro Devices by 2.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 362,998 shares of the semiconductor manufacturer’s stock worth $5,441,000 after acquiring an additional 8,421 shares in the last quarter. Global X Management Co LLC raised its position in shares of Advanced Micro Devices by 531.4% in the 2nd quarter. Global X Management Co LLC now owns 85,565 shares of the semiconductor manufacturer’s stock worth $1,283,000 after acquiring an additional 72,014 shares in the last quarter. Bank of Nova Scotia raised its position in shares of Advanced Micro Devices by 78.4% in the 2nd quarter. Bank of Nova Scotia now owns 317,332 shares of the semiconductor manufacturer’s stock worth $4,757,000 after acquiring an additional 139,426 shares in the last quarter. Finally, Davy Asset Management Ltd bought a new position in shares of Advanced Micro Devices in the 2nd quarter worth $1,220,000. 65.99% of the stock is owned by institutional investors and hedge funds.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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