Deutsche Bank AG reiterated their hold rating on shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in a research report released on Wednesday. They currently have a $12.00 price objective on the semiconductor manufacturer’s stock, up from their prior price objective of $10.00.

Several other research firms have also recently commented on AMD. Oppenheimer Holdings, Inc. reaffirmed a market perform rating on shares of Advanced Micro Devices in a research note on Thursday, April 6th. Longbow Research started coverage on Advanced Micro Devices in a research note on Friday, June 9th. They set a neutral rating and a $13.10 target price for the company. Vetr raised Advanced Micro Devices from a buy rating to a strong-buy rating and set a $15.99 target price for the company in a research note on Monday, June 26th. Northland Securities reaffirmed a buy rating and set a $17.50 target price on shares of Advanced Micro Devices in a research note on Friday, June 23rd. Finally, Credit Suisse Group reaffirmed a neutral rating on shares of Advanced Micro Devices in a research note on Sunday, May 21st. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $14.10.

Advanced Micro Devices (NASDAQ:AMD) opened at 13.95 on Wednesday. The firm’s market capitalization is $13.18 billion. Advanced Micro Devices has a 12 month low of $5.66 and a 12 month high of $15.65. The company has a 50 day moving average price of $13.28 and a 200 day moving average price of $12.67.

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

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In related news, CFO Devinder Kumar sold 94,199 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $10.20, for a total transaction of $960,829.80. Following the transaction, the chief financial officer now owns 746,635 shares of the company’s stock, valued at $7,615,677. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Darla M. Smith sold 17,028 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $10.25, for a total value of $174,537.00. Following the transaction, the insider now directly owns 29,147 shares in the company, valued at approximately $298,756.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 680,978 shares of company stock worth $8,115,227. 1.60% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in AMD. Vanguard Group Inc. boosted its position in shares of 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 during the last quarter. Wellington Management Group LLP boosted its position in shares of 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 during the last quarter. Old Mutual Global Investors UK Ltd. bought a new position in shares of Advanced Micro Devices during the first quarter valued at about $129,039,000. MARSHALL WACE ASIA Ltd bought a new position in shares of Advanced Micro Devices during the first quarter valued at about $63,654,000. Finally, Marshall Wace North America L.P. bought a new position in shares of Advanced Micro Devices during the first quarter valued at about $63,654,000. 56.93% of the stock is currently owned by institutional investors.

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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