Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have earned an average rating of “Hold” from the thirty-two analysts that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $14.28.

AMD has been the subject of several research reports. Summit Redstone reiterated a “hold” rating on shares of Advanced Micro Devices in a research report on Saturday, July 22nd. Canaccord Genuity reissued a “buy” rating and issued a $17.00 price objective on shares of Advanced Micro Devices in a research note on Friday, May 19th. Zacks Investment Research raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Monday, May 1st. MKM Partners reissued a “neutral” rating and issued a $13.00 price objective on shares of Advanced Micro Devices in a research note on Friday, July 21st. Finally, Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Advanced Micro Devices in a research note on Friday, July 28th.

In related news, SVP James Robert Anderson sold 20,000 shares of the firm’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 transaction, the senior vice president now directly owns 300,334 shares in the company, valued at $3,261,627.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Darla M. Smith sold 11,810 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $12.17, for a total value of $143,727.70. Following the transaction, the chief accounting officer now owns 31,291 shares in the company, valued at $380,811.47. The disclosure for this sale can be found here. Insiders have sold 41,664,647 shares of company stock worth $21,024,000,021,520,200 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Trexquant Investment LP bought a new stake in Advanced Micro Devices during the first quarter worth about $706,000. Meiji Yasuda Asset Management Co Ltd. bought a new stake in Advanced Micro Devices during the first quarter worth about $148,000. Janney Montgomery Scott LLC boosted its stake in Advanced Micro Devices by 91.0% in the first quarter. Janney Montgomery Scott LLC now owns 143,912 shares of the semiconductor manufacturer’s stock worth $2,094,000 after buying an additional 68,565 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in Advanced Micro Devices by 392.1% in the first quarter. UBS Asset Management Americas Inc. now owns 1,995,898 shares of the semiconductor manufacturer’s stock worth $29,040,000 after buying an additional 1,590,293 shares during the last quarter. Finally, Xact Kapitalforvaltning AB boosted its stake in Advanced Micro Devices by 8.3% in the second quarter. Xact Kapitalforvaltning AB now owns 117,437 shares of the semiconductor manufacturer’s stock worth $1,466,000 after buying an additional 9,046 shares during the last quarter. Institutional investors own 56.37% of the company’s stock.

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Advanced Micro Devices (NASDAQ AMD) traded up 1.9052% during mid-day trading on Tuesday, hitting $13.0031. 35,006,589 shares of the stock were exchanged. The company has a 50 day moving average price of $13.43 and a 200 day moving average price of $12.90. Advanced Micro Devices has a 52-week low of $5.66 and a 52-week high of $15.65. The firm’s market cap is $12.31 billion.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 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 firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm earned ($0.05) EPS. Advanced Micro Devices’s revenue for the quarter was up 19.0% on a year-over-year basis. On average, analysts anticipate that Advanced Micro Devices will post $0.10 EPS for the current year.

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.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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