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.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Wednesday, July 25th. The semiconductor manufacturer reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. Advanced Micro Devices had a net margin of 5.04% and a return on equity of 52.84%. The firm’s quarterly revenue was up 52.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.02 earnings per share. equities research analysts anticipate that Advanced Micro Devices will post 0.37 EPS for the current year.

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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Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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