BNP Paribas upgraded shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) from a neutral rating to an outperform rating in a research note issued to investors on Thursday morning.

Several other equities research analysts have also weighed in on the stock. Craig Hallum increased their price objective on shares of Advanced Micro Devices from $16.00 to $17.00 and gave the stock a buy rating in a research note on Thursday, June 22nd. Bank of America Corporation reiterated a buy rating on shares of Advanced Micro Devices in a research note on Sunday, October 1st. Canaccord Genuity increased their price objective on shares of Advanced Micro Devices from $17.00 to $20.00 and gave the stock a buy rating in a research note on Wednesday, June 21st. Wells Fargo & Company reiterated an outperform rating and set a $15.00 price objective on shares of Advanced Micro Devices in a research note on Friday, June 30th. Finally, Vetr upgraded shares of Advanced Micro Devices from a buy rating to a strong-buy rating and set a $15.99 price objective on the stock in a research note on Monday, June 26th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of Hold and an average target price of $13.93.

Advanced Micro Devices (NASDAQ AMD) traded up 0.14% during mid-day trading on Thursday, hitting $14.22. The stock had a trading volume of 37,278,146 shares. The stock’s market cap is $13.46 billion. Advanced Micro Devices has a one year low of $6.22 and a one year high of $15.65. The company has a 50 day moving average price of $12.91 and a 200 day moving average price of $12.74.

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 analysts’ consensus estimates of ($0.02) by $0.04. The business 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 company’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.05) EPS. On average, equities analysts anticipate that Advanced Micro Devices will post $0.10 EPS for the current year.

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In related news, SVP Forrest Eugene Norrod sold 62,500 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 600,301 shares in the company, valued at $9,256,641.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP James Robert Anderson sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $13.91, for a total transaction of $278,200.00. Following the sale, the senior vice president now owns 422,363 shares of the company’s stock, valued at $5,875,069.33. The disclosure for this sale can be found here. Insiders have sold 42,157,502 shares of company stock valued at $21,024,000,027,762,700 over the last 90 days. 1.60% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the stock. Coldstream Capital Management Inc. boosted its holdings in Advanced Micro Devices by 0.3% during the second quarter. Coldstream Capital Management Inc. now owns 20,735 shares of the semiconductor manufacturer’s stock worth $259,000 after buying an additional 60 shares in the last quarter. Wealthfront Inc. boosted its holdings in Advanced Micro Devices by 0.5% during the second quarter. Wealthfront Inc. now owns 20,050 shares of the semiconductor manufacturer’s stock worth $250,000 after buying an additional 104 shares in the last quarter. North Star Asset Management Inc. boosted its holdings in Advanced Micro Devices by 1.5% during the first quarter. North Star Asset Management Inc. now owns 15,330 shares of the semiconductor manufacturer’s stock worth $223,000 after buying an additional 233 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in Advanced Micro Devices by 0.4% during the second quarter. Neuberger Berman Group LLC now owns 70,113 shares of the semiconductor manufacturer’s stock worth $875,000 after buying an additional 272 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Advanced Micro Devices by 0.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 57,571 shares of the semiconductor manufacturer’s stock worth $718,000 after buying an additional 348 shares in the last quarter. Hedge funds and other institutional investors own 59.11% 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.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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