The Advanced Micro Devices, Inc. (AMD) Stock Rating Reaffirmed by Rosenblatt Securities

The Advanced Micro Devices, Inc. (AMD) Stock Rating Reaffirmed by Rosenblatt Securities

Several other equities analysts also recently commented on AMD. Barclays PLC reiterated a hold rating and issued a $9.00 target price on shares of Advanced Micro Devices in a research report on Friday, January 20th. Summit Redstone restated a buy rating on shares of Advanced Micro Devices in a research report on Saturday, January 21st. Canaccord Genuity restated a buy rating and set a $14.00 price objective on shares of Advanced Micro Devices in a research report on Friday, January 27th. Mizuho restated an in-line rating and set a $13.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 1st. Finally, Jefferies Group LLC restated a buy rating and set a $13.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 1st. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Advanced Micro Devices has an average rating of Hold and a consensus target price of $12.51.

Rosenblatt Securities reissued their buy rating on shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in a research report report published on Monday, May 15th. The firm currently has a $20.00 target price on the semiconductor manufacturer’s stock.

Advanced Micro Devices (AMD) opened at 10.90 on Monday. Advanced Micro Devices has a 12 month low of $4.08 and a 12 month high of $15.55. The company has a 50-day moving average of $11.66 and a 200-day moving average of $11.83. The company’s market cap is $10.30 billion. Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Monday, May 1st. The semiconductor manufacturer reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). The firm had revenue of $984 million during the quarter, compared to the consensus estimate of $984.40 million. Advanced Micro Devices’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.12) earnings per share. Analysts predict that Advanced Micro Devices will post $0.07 EPS for the current year.

In other Advanced Micro Devices news, CFO Devinder Kumar sold 100,634 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $10.85, for a total transaction of $1,091,878.90. Following the completion of the transaction, the chief financial officer now owns 704,311 shares of the company’s stock, valued at approximately $7,641,774.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lisa T. Su sold 87,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $10.24, for a total value of $896,000.00. Following the transaction, the chief executive officer now directly owns 1,429,540 shares of the company’s stock, valued at approximately $14,638,489.60. The disclosure for this sale can be found here. In the last three months, insiders sold 392,429 shares of company stock valued at $4,308,345. 1.00% of the stock is currently owned by corporate insiders. Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in 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 worth $1,270,140,000 after buying an additional 15,661,774 shares during the last quarter. Wellington Management Group LLP raised its position in 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 worth $206,339,000 after buying an additional 13,939,494 shares during the last quarter. Old Mutual Global Investors UK Ltd. acquired a new position in Advanced Micro Devices during the first quarter worth approximately $129,039,000. Renaissance Technologies LLC raised its position in Advanced Micro Devices by 253.2% in the fourth quarter. Renaissance Technologies LLC now owns 11,530,326 shares of the semiconductor manufacturer’s stock worth $130,754,000 after buying an additional 8,265,725 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at about $50,722,000. 54.77% of the stock is owned by institutional investors and hedge funds.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:AMD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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