Advanced Micro Devices, Inc. (AMD) Given Average Rating of “Hold” by Brokerages
Advanced Micro Devices, Inc. (NASDAQ:AMD) has earned a consensus recommendation of “Hold” from the thirty-three brokerages that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $14.80.
AMD has been the topic of a number of recent analyst reports. Bank of America reissued a “buy” rating on shares of Advanced Micro Devices in a report on Sunday, October 1st. Rosenblatt Securities reissued a “buy” rating and set a $22.00 target price on shares of Advanced Micro Devices in a report on Thursday, September 21st. Jefferies Group reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, October 25th. Zacks Investment Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Friday, October 27th. Finally, Mizuho reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, November 28th.
In other news, SVP Forrest Eugene Norrod sold 62,500 shares of the stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $11.61, for a total transaction of $725,625.00. Following the sale, the senior vice president now directly owns 743,772 shares of the company’s stock, valued at approximately $8,635,192.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Darla M. Smith sold 27,288 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $11.13, for a total value of $303,715.44. Following the sale, the insider now directly owns 31,236 shares in the company, valued at $347,656.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,394,194 shares of company stock worth $15,466,937. 1.60% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. lifted its position in shares of Advanced Micro Devices by 1,655.2% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock worth $111,000 after buying an additional 8,243 shares during the last quarter. First Personal Financial Services bought a new stake in shares of Advanced Micro Devices during the 3rd quarter worth $127,000. 1492 Capital Management LLC bought a new stake in shares of Advanced Micro Devices during the 3rd quarter worth $128,000. Cetera Investment Advisers bought a new stake in shares of Advanced Micro Devices during the 3rd quarter worth $137,000. Finally, Stratos Wealth Partners LTD. bought a new stake in shares of Advanced Micro Devices during the 3rd quarter worth $139,000. Institutional investors and hedge funds own 60.09% of the company’s stock.
Advanced Micro Devices (NASDAQ AMD) traded down $0.21 during mid-day trading on Friday, hitting $11.93. The company had a trading volume of 27,423,631 shares, compared to its average volume of 73,536,977. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.70 and a quick ratio of 1.20. The firm has a market cap of $11,490.00, a price-to-earnings ratio of -149.06, a PEG ratio of 6.19 and a beta of 2.47. Advanced Micro Devices has a 1-year low of $9.42 and a 1-year high of $15.65.
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.
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