Advanced Micro Devices (NASDAQ:AMD) Stock Rating Upgraded by ValuEngine
A number of other analysts have also issued reports on AMD. Wedbush upgraded Sunstone Hotel Investors from a neutral rating to an outperform rating in a research note on Wednesday, June 26th. Credit Suisse Group reiterated an outperform rating and set a GBX 2,012 ($26.29) price objective on shares of Aston Martin Lagonda Global in a research note on Wednesday, May 1st. Zacks Investment Research lowered Great Portland Estates from a hold rating to a sell rating in a research note on Tuesday, April 16th. Nomura boosted their target price on Advanced Micro Devices from $33.00 to $37.00 and gave the stock a buy rating in a research report on Tuesday. Finally, Deutsche Bank cut Hilton Hotels from a buy rating to a hold rating and set a $92.60 target price for the company. in a research report on Wednesday, May 1st. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seventeen have issued a buy rating to the stock. Advanced Micro Devices has an average rating of Buy and a consensus price target of $30.08.
NASDAQ:AMD opened at $33.21 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 2.08. Advanced Micro Devices has a 52-week low of $15.72 and a 52-week high of $34.30. The company has a market cap of $35.76 billion, a price-to-earnings ratio of 94.89, a price-to-earnings-growth ratio of 2.00 and a beta of 3.08. The company’s fifty day moving average is $30.24.
In other news, SVP Forrest Eugene Norrod sold 50,000 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $27.88, for a total value of $1,394,000.00. Following the completion of the transaction, the senior vice president now directly owns 859,171 shares in the company, valued at approximately $23,953,687.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Paul Darren Grasby sold 6,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $28.39, for a total value of $170,340.00. Following the completion of the transaction, the senior vice president now owns 22,979 shares of the company’s stock, valued at $652,373.81. The disclosure for this sale can be found here. Insiders sold a total of 1,033,066 shares of company stock valued at $30,445,396 over the last quarter. Company insiders own 1.50% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of AMD. OppenheimerFunds Inc. boosted its holdings in Advanced Micro Devices by 1.0% during the 1st quarter. OppenheimerFunds Inc. now owns 24,489,979 shares of the semiconductor manufacturer’s stock valued at $624,984,000 after acquiring an additional 254,425 shares during the period. Artisan Partners Limited Partnership boosted its holdings in Advanced Micro Devices by 66.9% during the 1st quarter. Artisan Partners Limited Partnership now owns 14,941,422 shares of the semiconductor manufacturer’s stock valued at $381,305,000 after acquiring an additional 5,991,132 shares during the period. Norges Bank purchased a new stake in Advanced Micro Devices during the 4th quarter valued at about $252,424,000. Geode Capital Management LLC boosted its holdings in Advanced Micro Devices by 14.5% during the 4th quarter. Geode Capital Management LLC now owns 13,069,235 shares of the semiconductor manufacturer’s stock valued at $240,885,000 after acquiring an additional 1,651,507 shares during the period. Finally, Northern Trust Corp boosted its holdings in Advanced Micro Devices by 1.6% during the 1st quarter. Northern Trust Corp now owns 10,131,101 shares of the semiconductor manufacturer’s stock valued at $258,546,000 after acquiring an additional 161,453 shares during the period. Hedge funds and other institutional investors own 60.73% of the company’s stock.
Advanced Micro Devices Company Profile
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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