Vetr upgraded shares of Advanced Micro Devices Inc. (NASDAQ:AMD) from a buy rating to a strong-buy rating in a report issued on Monday. The brokerage currently has $7.76 price target on the semiconductor manufacturer’s stock.
A number of other research firms have also issued reports on AMD. Canaccord Genuity restated a buy rating on shares of Advanced Micro Devices in a research report on Tuesday, August 23rd. Zacks Investment Research upgraded Advanced Micro Devices from a hold rating to a buy rating and set a $8.50 price target for the company in a research report on Monday, September 5th. Mizuho restated a neutral rating and issued a $7.00 price target (up from $5.50) on shares of Advanced Micro Devices in a research report on Thursday, September 1st. Wells Fargo & Co. restated an outperform rating on shares of Advanced Micro Devices in a research report on Wednesday, September 7th. Finally, JPMorgan Chase & Co. restated a hold rating and issued a $6.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, July 26th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Advanced Micro Devices currently has a consensus rating of Hold and a consensus price target of $5.52.
Shares of Advanced Micro Devices (NASDAQ:AMD) opened at 6.16 on Monday. The stock’s market capitalization is $4.90 billion. Advanced Micro Devices has a 52 week low of $1.65 and a 52 week high of $8.00. The company has a 50-day moving average price of $6.80 and a 200 day moving average price of $4.70.
Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Thursday, July 21st. The semiconductor manufacturer reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The company earned $1.03 billion during the quarter, compared to analysts’ expectations of $951.89 million. Equities analysts forecast that Advanced Micro Devices will post ($0.20) EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC bought a new stake in shares of Advanced Micro Devices during the second quarter valued at about $116,000. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Advanced Micro Devices by 7.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 25,072 shares of the semiconductor manufacturer’s stock valued at $129,000 after buying an additional 1,800 shares in the last quarter. Courier Capital Corp boosted its stake in shares of Advanced Micro Devices by 0.8% in the second quarter. Courier Capital Corp now owns 25,200 shares of the semiconductor manufacturer’s stock valued at $130,000 after buying an additional 200 shares in the last quarter. Calvert Investment Management Inc. bought a new stake in shares of Advanced Micro Devices during the second quarter valued at about $173,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Advanced Micro Devices during the second quarter valued at about $179,000. 46.63% of the stock is owned by hedge funds and other institutional investors.
About Advanced Micro Devices
Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as a standalone central processing unit (CPU) or as incorporated into an accelerated processing unit (APU), chipsets, and discrete graphics processing units (GPUs) for the consumer, commercial and professional graphics markets, and server and embedded CPUs, GPUs and APUs, and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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