Advanced Micro Devices (AMD) Upgraded at BidaskClub
BidaskClub upgraded shares of Advanced Micro Devices (NASDAQ:AMD) from a buy rating to a strong-buy rating in a research report released on Wednesday.
AMD has been the subject of several other research reports. Stifel Nicolaus lifted their target price on shares of Advanced Micro Devices from $17.00 to $21.00 and gave the stock a buy rating in a research note on Monday, July 16th. Benchmark began coverage on shares of Advanced Micro Devices in a research note on Tuesday, June 26th. They issued a hold rating for the company. They noted that the move was a valuation call. Susquehanna Bancshares upgraded shares of Advanced Micro Devices from a negative rating to a neutral rating and set a $13.87 target price for the company in a research note on Wednesday, May 16th. Barclays reduced their target price on shares of Advanced Micro Devices from $10.00 to $9.00 and set an underweight rating for the company in a research note on Thursday, April 19th. Finally, Mizuho reiterated a buy rating and issued a $20.00 target price on shares of Advanced Micro Devices in a research note on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $16.75.
NASDAQ AMD opened at $19.77 on Wednesday. Advanced Micro Devices has a 52-week low of $9.04 and a 52-week high of $20.28. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.66 and a quick ratio of 1.26. The stock has a market cap of $18.58 billion, a P/E ratio of 247.13, a P/E/G ratio of 6.67 and a beta of 3.08.
In other news, insider Mark D. Papermaster sold 311,962 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $19.59, for a total value of $6,111,335.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Harry A. Wolin sold 184,050 shares of the firm’s stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $14.27, for a total transaction of $2,626,393.50. The disclosure for this sale can be found here. Insiders sold 25,002,866 shares of company stock valued at $478,816,087 over the last 90 days. 1.80% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. bought a new stake in Advanced Micro Devices during the first quarter valued at approximately $301,000. Sumitomo Mitsui Asset Management Company LTD lifted its position in Advanced Micro Devices by 10.6% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 62,246 shares of the semiconductor manufacturer’s stock valued at $933,000 after purchasing an additional 5,991 shares during the last quarter. Amplify Investments LLC bought a new stake in Advanced Micro Devices during the first quarter valued at approximately $4,509,000. Amalgamated Bank lifted its position in Advanced Micro Devices by 16.8% during the second quarter. Amalgamated Bank now owns 225,288 shares of the semiconductor manufacturer’s stock valued at $3,377,000 after purchasing an additional 32,429 shares during the last quarter. Finally, Toronto Dominion Bank lifted its position in Advanced Micro Devices by 26.0% during the first quarter. Toronto Dominion Bank now owns 443,788 shares of the semiconductor manufacturer’s stock valued at $4,459,000 after purchasing an additional 91,437 shares during the last quarter. Institutional investors and hedge funds own 62.82% of the company’s stock.
Advanced Micro Devices Company Profile
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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