Advanced Micro Devices, Inc. (AMD) PT Set at $19.00 by Jefferies Group LLC
Jefferies Group LLC set a $19.00 price objective on Advanced Micro Devices, Inc. (NASDAQ:AMD) in a research note published on Wednesday morning. The firm currently has a buy rating on the semiconductor manufacturer’s stock.
AMD has been the subject of a number of other research reports. Macquarie initiated coverage on shares of Advanced Micro Devices in a research note on Thursday, March 30th. They set a neutral rating and a $14.00 price target for the company. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Advanced Micro Devices in a research note on Thursday, April 6th. They set a sell rating and a $11.00 price target for the company. Oppenheimer Holdings, Inc. reiterated a market perform rating on shares of Advanced Micro Devices in a research note on Thursday, April 6th. Canaccord Genuity reiterated a buy rating and set a $17.00 price target on shares of Advanced Micro Devices in a research note on Thursday, April 6th. Finally, Sanford C. Bernstein reiterated a sell rating on shares of Advanced Micro Devices in a research note on Tuesday, April 25th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Hold and an average price target of $14.10.
Shares of Advanced Micro Devices (AMD) opened at 13.95 on Wednesday. The firm’s market capitalization is $13.18 billion. Advanced Micro Devices has a 1-year low of $5.66 and a 1-year high of $15.65. The stock’s 50 day moving average is $13.28 and its 200 day moving average is $12.67.
Advanced Micro Devices (NASDAQ:AMD) last issued its 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. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the business posted ($0.05) EPS. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. Equities analysts predict that Advanced Micro Devices will post $0.10 earnings per share for the current year.
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In other Advanced Micro Devices news, SVP Forrest Eugene Norrod sold 62,500 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $15.42, for a total transaction of $963,750.00. Following the completion of the transaction, the senior vice president now directly owns 600,301 shares in the company, valued at approximately $9,256,641.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 87,500 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $10.24, for a total transaction of $896,000.00. Following the transaction, the chief executive officer now owns 1,429,540 shares of the company’s stock, valued at $14,638,489.60. The disclosure for this sale can be found here. Insiders have sold a total of 680,978 shares of company stock valued at $8,115,227 over the last 90 days. 1.60% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Advanced Micro Devices by 21.9% in the first quarter. Vanguard Group Inc. now owns 87,294,800 shares of the semiconductor manufacturer’s stock valued at $1,270,140,000 after buying an additional 15,661,774 shares in the last quarter. Wellington Management Group LLP boosted its stake in Advanced Micro Devices by 5,764.6% in the first quarter. Wellington Management Group LLP now owns 14,181,305 shares of the semiconductor manufacturer’s stock valued at $206,339,000 after buying an additional 13,939,494 shares in the last quarter. Old Mutual Global Investors UK Ltd. purchased a new stake in Advanced Micro Devices during the first quarter valued at about $129,039,000. MARSHALL WACE ASIA Ltd purchased a new stake in Advanced Micro Devices during the first quarter valued at about $63,654,000. Finally, Marshall Wace North America L.P. purchased a new stake in Advanced Micro Devices during the first quarter valued at about $63,654,000. Hedge funds and other institutional investors own 56.93% 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.
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