Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Rating Reaffirmed by Rosenblatt Securities
Rosenblatt Securities reissued their buy rating on shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in a research report released on Tuesday morning. The brokerage currently has a $20.00 price target on the semiconductor manufacturer’s stock.
AMD has been the subject of a number of other research reports. Canaccord Genuity restated a buy rating and issued a $17.00 price target on shares of Advanced Micro Devices in a research note on Friday, May 19th. Zacks Investment Research upgraded shares of Advanced Micro Devices from a hold rating to a buy rating and set a $15.00 price target for the company in a research note on Monday, May 1st. Jefferies Group LLC lifted their price target on shares of Advanced Micro Devices to $16.00 and gave the stock a buy rating in a research note on Monday, March 20th. Oppenheimer Holdings, Inc. restated a market perform rating on shares of Advanced Micro Devices in a research note on Friday, May 19th. Finally, BMO Capital Markets restated an outperform rating and issued a $15.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 17th. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Hold and a consensus price target of $12.88.
Shares of Advanced Micro Devices (AMD) opened at 13.88 on Tuesday. The firm has a 50 day moving average of $12.86 and a 200-day moving average of $12.56. Advanced Micro Devices has a 12 month low of $5.45 and a 12 month high of $15.55. The stock’s market capitalization is $13.12 billion.
Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Monday, May 1st. The semiconductor manufacturer reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.04). The business had revenue of $984 million during the quarter, compared to analyst estimates of $984.40 million. Advanced Micro Devices had a negative net margin of 10.42% and a negative return on equity of 76.29%. The business’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.12) earnings per share. Analysts forecast that Advanced Micro Devices will post $0.07 earnings per share for the current year.
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In other Advanced Micro Devices news, SVP James Robert Anderson sold 20,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $10.86, for a total value of $217,200.00. Following the completion of the sale, the senior vice president now directly owns 300,334 shares of the company’s stock, valued at approximately $3,261,627.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Darla M. Smith sold 17,028 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $10.25, for a total transaction of $174,537.00. Following the completion of the sale, the insider now directly owns 29,147 shares of the company’s stock, valued at $298,756.75. The disclosure for this sale can be found here. Insiders sold a total of 618,478 shares of company stock valued at $7,151,477 over the last three months. 1.60% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of AMD. Meeder Asset Management Inc. acquired a new stake in shares of Advanced Micro Devices during the first quarter worth $100,000. Intellectus Partners LLC acquired a new stake in shares of Advanced Micro Devices during the first quarter worth $116,000. Bluestein R H & Co. acquired a new stake in shares of Advanced Micro Devices during the first quarter worth $146,000. Harbor Advisors LLC acquired a new stake in shares of Advanced Micro Devices during the first quarter worth $146,000. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Advanced Micro Devices during the first quarter worth $148,000. 56.84% of the stock is owned by institutional investors.
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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