Advanced Micro Devices, Inc. (NASDAQ:AMD)‘s stock had its “hold” rating reaffirmed by equities research analysts at Stifel Nicolaus in a report issued on Saturday. They currently have a $11.00 target price on the semiconductor manufacturer’s stock. Stifel Nicolaus’ price target points to a potential downside of 20.75% from the stock’s previous close.
Several other equities analysts also recently weighed in on AMD. Macquarie initiated coverage on Advanced Micro Devices in a report on Thursday, March 30th. They set a “neutral” rating and a $14.00 price target for the company. Goldman Sachs Group, Inc. (The) initiated coverage on Advanced Micro Devices in a report on Thursday, April 6th. They set a “sell” rating and a $11.00 price target for the company. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Advanced Micro Devices in a report on Thursday, April 6th. Canaccord Genuity restated a “buy” rating and set a $17.00 price target on shares of Advanced Micro Devices in a report on Thursday, April 6th. Finally, Sanford C. Bernstein restated a “sell” rating on shares of Advanced Micro Devices in a report on Tuesday, April 25th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $12.88.
Advanced Micro Devices (NASDAQ AMD) traded up 0.58% during mid-day trading on Friday, hitting $13.88. 51,045,674 shares of the stock traded hands. Advanced Micro Devices has a 1-year low of $5.45 and a 1-year high of $15.55. The company has a 50-day moving average of $12.86 and a 200 day moving average of $12.56. The firm’s market capitalization is $13.12 billion.
Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Monday, May 1st. The semiconductor manufacturer reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). Advanced Micro Devices had a negative return on equity of 76.29% and a negative net margin of 10.42%. The firm had revenue of $984 million during the quarter, compared to the consensus estimate of $984.40 million. During the same period last year, the company earned ($0.12) earnings per share. The company’s revenue was up 18.3% on a year-over-year basis. On average, equities research analysts anticipate that Advanced Micro Devices will post $0.07 EPS for the current year.
In other Advanced Micro Devices news, SVP Forrest Eugene Norrod sold 62,500 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $13.21, for a total value of $825,625.00. Following the sale, the senior vice president now owns 646,061 shares of the company’s stock, valued at approximately $8,534,465.81. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP James Robert Anderson sold 160,122 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $12.48, for a total value of $1,998,322.56. Following the completion of the sale, the senior vice president now directly owns 622,485 shares in the company, valued at approximately $7,768,612.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 618,478 shares of company stock worth $7,151,477. Corporate insiders own 1.60% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its stake in Advanced Micro Devices by 39.5% in the first quarter. Nisa Investment Advisors LLC now owns 11,300 shares of the semiconductor manufacturer’s stock worth $164,000 after buying an additional 3,200 shares during the last quarter. DnB Asset Management AS bought a new position in Advanced Micro Devices during the first quarter valued at $1,111,000. Gateway Investment Advisers LLC increased its position in Advanced Micro Devices by 179.6% in the first quarter. Gateway Investment Advisers LLC now owns 506,158 shares of the semiconductor manufacturer’s stock valued at $7,365,000 after buying an additional 325,108 shares in the last quarter. Telemus Capital LLC bought a new position in Advanced Micro Devices during the first quarter valued at $291,000. Finally, Fox Run Management L.L.C. bought a new position in Advanced Micro Devices during the first quarter valued at $237,000. 56.84% of the stock is currently owned by institutional investors and hedge funds.
About Advanced Micro Devices
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.
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