KeyCorp began coverage on shares of Advanced Micro Devices (NASDAQ:AMD) in a research note published on Tuesday morning, Marketbeat.com reports. The firm issued a sector weight rating on the semiconductor manufacturer’s stock.

Several other analysts have also recently issued reports on the company. Royal Bank of Canada began coverage on Advanced Micro Devices in a research note on Monday. They issued an outperform rating and a $40.00 price objective on the stock. Jefferies Financial Group increased their price objective on Advanced Micro Devices from $30.00 to $36.00 and gave the company a buy rating in a research note on Friday, September 21st. Stifel Nicolaus increased their price objective on Advanced Micro Devices from $21.00 to $38.00 and gave the company a buy rating in a research note on Wednesday, September 19th. Morgan Stanley reiterated an underweight rating and issued a $28.00 price objective (up from $11.00) on shares of Advanced Micro Devices in a research note on Wednesday, September 19th. Finally, Mizuho increased their price objective on Advanced Micro Devices from $20.00 to $36.00 and gave the company a buy rating in a research note on Tuesday, September 18th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $22.98.

Shares of NASDAQ AMD opened at $32.59 on Tuesday. The firm has a market capitalization of $31.38 billion, a PE ratio of 94.68, a P/E/G ratio of 6.36 and a beta of 3.16. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.26 and a current ratio of 1.66. Advanced Micro Devices has a 12-month low of $9.04 and a 12-month high of $34.14.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Wednesday, July 25th. The semiconductor manufacturer reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Advanced Micro Devices had a return on equity of 52.84% and a net margin of 5.04%. The company’s revenue for the quarter was up 52.6% compared to the same quarter last year. During the same period last year, the firm earned $0.02 earnings per share. analysts anticipate that Advanced Micro Devices will post 0.36 earnings per share for the current year.

In related news, SVP Forrest Eugene Norrod sold 62,500 shares of the stock in a transaction on Monday, September 17th. The stock was sold at an average price of $32.51, for a total value of $2,031,875.00. Following the transaction, the senior vice president now owns 955,790 shares of the company’s stock, valued at $31,072,732.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark D. Papermaster sold 150,000 shares of the firm’s stock in a transaction dated Friday, July 6th. The stock was sold at an average price of $15.78, for a total value of $2,367,000.00. Following the transaction, the insider now directly owns 1,207,949 shares in the company, valued at approximately $19,061,435.22. The disclosure for this sale can be found here. Insiders sold 24,910,400 shares of company stock worth $486,713,146 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the business. Coldstream Capital Management Inc. grew its holdings in shares of Advanced Micro Devices by 22.1% during the first quarter. Coldstream Capital Management Inc. now owns 22,570 shares of the semiconductor manufacturer’s stock worth $227,000 after purchasing an additional 4,085 shares during the last quarter. First Allied Advisory Services Inc. grew its holdings in shares of Advanced Micro Devices by 17.3% during the second quarter. First Allied Advisory Services Inc. now owns 27,985 shares of the semiconductor manufacturer’s stock worth $415,000 after purchasing an additional 4,126 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new position in shares of Advanced Micro Devices during the second quarter worth about $275,000. CIBC Asset Management Inc grew its holdings in shares of Advanced Micro Devices by 5.6% during the second quarter. CIBC Asset Management Inc now owns 82,559 shares of the semiconductor manufacturer’s stock worth $1,238,000 after purchasing an additional 4,344 shares during the last quarter. Finally, Thompson Davis & CO. Inc. grew its holdings in shares of Advanced Micro Devices by 59.3% during the second quarter. Thompson Davis & CO. Inc. now owns 11,750 shares of the semiconductor manufacturer’s stock worth $176,000 after purchasing an additional 4,375 shares during the last quarter. 65.92% of the stock is currently owned by institutional investors.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's 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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