Advanced Micro Devices, Inc. (NASDAQ:AMD)‘s stock had its “sell” rating restated by research analysts at Goldman Sachs Group, Inc. (The) in a report released on Monday, June 26th. They currently have a $10.60 price objective on the semiconductor manufacturer’s stock. Goldman Sachs Group, Inc. (The)’s target price would suggest a potential downside of 23.85% from the company’s current price.

AMD has been the topic of a number of other research reports. Canaccord Genuity reissued a “buy” rating and set a $17.00 target price on shares of Advanced Micro Devices in a research report on Friday, May 19th. Zacks Investment Research raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Monday, May 1st. Bank of America Corporation reaffirmed a “buy” rating and issued a $16.50 price objective on shares of Advanced Micro Devices in a research report on Friday, March 3rd. Jefferies Group LLC lifted their price objective on shares of Advanced Micro Devices to $16.00 and gave the stock a “buy” rating in a research report on Monday, March 20th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Advanced Micro Devices in a research report on Friday, May 19th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $12.76.

Shares of Advanced Micro Devices (AMD) traded down 1.44% during midday trading on Monday, reaching $13.72. 42,246,526 shares of the company’s stock were exchanged. The company’s market cap is $12.97 billion. Advanced Micro Devices has a 12-month low of $5.10 and a 12-month high of $15.55. The stock’s 50 day moving average price is $11.98 and its 200 day moving average price is $12.33.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Monday, May 1st. The semiconductor manufacturer reported ($0.04) EPS for the quarter, meeting analysts’ consensus estimates of ($0.04). The business had revenue of $984 million for the quarter, compared to the consensus estimate of $984.40 million. Advanced Micro Devices had a negative net margin of 10.42% and a negative return on equity of 76.29%. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.12) EPS. Equities analysts anticipate that Advanced Micro Devices will post $0.07 earnings per share for the current fiscal year.

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In other Advanced Micro Devices news, SVP Harry A. Wolin sold 46,875 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $12.75, for a total transaction of $597,656.25. Following the completion of the transaction, the senior vice president now directly owns 834,549 shares in the company, valued at $10,640,499.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP James Robert Anderson sold 20,000 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $10.86, for a total transaction of $217,200.00. Following the transaction, the senior vice president now owns 300,334 shares of the company’s stock, valued at $3,261,627.24. The disclosure for this sale can be found here. Insiders have sold 618,478 shares of company stock valued at $7,151,477 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund bought a new position in Advanced Micro Devices during the second quarter worth $1,027,000. Mn Services Vermogensbeheer B.V. raised its stake in Advanced Micro Devices by 538.3% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 134,115 shares of the semiconductor manufacturer’s stock worth $1,674,000 after buying an additional 113,104 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in Advanced Micro Devices by 0.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 667,585 shares of the semiconductor manufacturer’s stock worth $8,332,000 after buying an additional 2,574 shares during the last quarter. National Pension Service raised its stake in Advanced Micro Devices by 10.5% in the second quarter. National Pension Service now owns 885,866 shares of the semiconductor manufacturer’s stock worth $11,162,000 after buying an additional 84,271 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in Advanced Micro Devices during the second quarter worth about $196,000. Institutional investors own 56.84% of the company’s stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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