BMO Capital Markets cut shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) from an outperform rating to a market perform rating in a research report report published on Wednesday, MarketBeat Ratings reports. The firm currently has $15.00 price target on the semiconductor manufacturer’s stock.

A number of other equities research analysts have also weighed in on the stock. Canaccord Genuity reissued a buy rating and set a $17.00 target price on shares of Advanced Micro Devices in a report on Thursday, April 6th. Craig Hallum boosted their target price on shares of Advanced Micro Devices from $16.00 to $17.00 and gave the stock a buy rating in a report on Thursday, June 22nd. Bank of America Corporation reissued a buy rating on shares of Advanced Micro Devices in a report on Tuesday, May 9th. Wells Fargo & Company reissued an outperform rating and set a $15.00 target price on shares of Advanced Micro Devices in a report on Friday, June 30th. Finally, Vetr raised shares of Advanced Micro Devices from a buy rating to a strong-buy rating and set a $15.99 target price on the stock in a report on Monday, June 26th. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $14.10.

Advanced Micro Devices (NASDAQ AMD) opened at 13.95 on Wednesday. Advanced Micro Devices has a one year low of $5.66 and a one year high of $15.65. The firm’s market capitalization is $13.18 billion. The company has a 50-day moving average of $13.28 and a 200 day moving average of $12.67.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.16 billion. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. The firm’s revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.05) EPS. On average, analysts anticipate that Advanced Micro Devices will post $0.10 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Advanced Micro Devices, Inc. (AMD) Lowered to “Market Perform” at BMO Capital Markets” was originally posted by Watch List News and is the property of of Watch List News. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://www.watchlistnews.com/advanced-micro-devices-inc-amd-lowered-to-market-perform-at-bmo-capital-markets/1462557.html.

In other news, CEO Lisa T. Su sold 87,500 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $10.24, for a total value of $896,000.00. Following the completion of the sale, the chief executive officer now owns 1,429,540 shares in the company, valued at approximately $14,638,489.60. The transaction was disclosed in a document filed with the SEC, 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 completion of the sale, the senior vice president now owns 300,334 shares of the company’s stock, valued at approximately $3,261,627.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 680,978 shares of company stock worth $8,115,227. Corporate insiders own 1.60% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. North Star Asset Management Inc. raised its stake in Advanced Micro Devices by 1.5% in the first quarter. North Star Asset Management Inc. now owns 15,330 shares of the semiconductor manufacturer’s stock valued at $223,000 after buying an additional 233 shares during the last quarter. Pier Capital LLC raised its stake in Advanced Micro Devices by 1.0% in the first quarter. Pier Capital LLC now owns 49,311 shares of the semiconductor manufacturer’s stock valued at $717,000 after buying an additional 474 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Advanced Micro Devices by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 48,100 shares of the semiconductor manufacturer’s stock valued at $600,000 after buying an additional 700 shares during the last quarter. Concert Wealth Management Inc. raised its stake in Advanced Micro Devices by 4.8% in the first quarter. Concert Wealth Management Inc. now owns 16,560 shares of the semiconductor manufacturer’s stock valued at $188,000 after buying an additional 760 shares during the last quarter. Finally, Amalgamated Bank raised its stake in Advanced Micro Devices by 0.8% in the first quarter. Amalgamated Bank now owns 105,562 shares of the semiconductor manufacturer’s stock valued at $1,536,000 after buying an additional 885 shares during the last quarter. Hedge funds and other institutional investors own 56.93% of the company’s stock.

Advanced Micro Devices Company Profile

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)

Receive News & Ratings for Advanced Micro Devices Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.