Advanced Micro Devices, Inc. (AMD) Stock Rating Reaffirmed by Bank of America Corporation
Bank of America Corporation restated their buy rating on shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in a report released on Tuesday morning. Bank of America Corporation currently has a $18.00 target price on the semiconductor manufacturer’s stock.
Other equities research analysts have also issued reports about the company. BMO Capital Markets lowered Advanced Micro Devices from an outperform rating to a market perform rating and set a $15.00 price objective for the company. in a research report on Wednesday, July 26th. Jefferies Group LLC set a $19.00 price objective on Advanced Micro Devices and gave the stock a buy rating in a research report on Wednesday, July 26th. Stifel Nicolaus restated a hold rating and set a $11.00 price objective on shares of Advanced Micro Devices in a research report on Saturday, July 22nd. Deutsche Bank AG restated a hold rating and set a $12.00 price objective (up from $10.00) on shares of Advanced Micro Devices in a research report on Wednesday, July 26th. Finally, Susquehanna Bancshares Inc restated a neutral rating and set a $15.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, September 20th. Six 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 company presently has a consensus rating of Hold and an average price target of $14.05.
Shares of Advanced Micro Devices (AMD) opened at $11.38 on Tuesday. Advanced Micro Devices has a 1 year low of $8.26 and a 1 year high of $15.65. The company has a quick ratio of 1.20, a current ratio of 1.70 and a debt-to-equity ratio of 2.61.
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In other news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $12.18, for a total transaction of $1,522,500.00. Following the sale, the chief executive officer now directly owns 2,037,139 shares in the company, valued at $24,812,353.02. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 325,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $12.46, for a total value of $4,049,500.00. Following the sale, the chief executive officer now owns 2,037,139 shares in the company, valued at $25,382,751.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,312,587 shares of company stock worth $16,030,861. 1.60% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Advanced Micro Devices by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 93,092,619 shares of the semiconductor manufacturer’s stock valued at $1,161,796,000 after buying an additional 5,797,819 shares in the last quarter. Baillie Gifford & Co. acquired a new stake in Advanced Micro Devices in the 2nd quarter valued at $184,767,000. CI Investments Inc. boosted its stake in Advanced Micro Devices by 312.3% in the 3rd quarter. CI Investments Inc. now owns 7,322,893 shares of the semiconductor manufacturer’s stock valued at $93,367,000 after buying an additional 5,546,993 shares in the last quarter. Legal & General Group Plc boosted its stake in Advanced Micro Devices by 2.9% in the 3rd quarter. Legal & General Group Plc now owns 4,041,764 shares of the semiconductor manufacturer’s stock valued at $51,531,000 after buying an additional 114,073 shares in the last quarter. Finally, American Century Companies Inc. acquired a new stake in Advanced Micro Devices in the 3rd quarter valued at $49,674,000. 58.63% of the stock is currently owned by institutional investors and hedge funds.
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.
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