ValuEngine upgraded shares of Advanced Micro Devices (NASDAQ:AMD) from a hold rating to a buy rating in a research note published on Tuesday, ValuEngine reports.

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.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Advanced Micro Devices had a return on equity of 25.23% and a net margin of 4.46%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the company posted $0.11 EPS. The firm’s revenue for the quarter was down 22.8% compared to the same quarter last year. On average, sell-side analysts predict that Advanced Micro Devices will post 0.54 EPS for the current fiscal year.

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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Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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