Advanced Micro Devices, Inc. (AMD) Receives Hold Rating from Stifel Nicolaus

Advanced Micro Devices, Inc. (NASDAQ:AMD)‘s stock had its “hold” rating reiterated by analysts at Stifel Nicolaus in a research report issued on Friday. They currently have a $13.00 target price on the semiconductor manufacturer’s stock. Stifel Nicolaus’ price objective suggests a potential downside of 6.81% from the company’s previous close.

AMD has been the subject of several other reports. Summit Redstone restated a “hold” rating on shares of Advanced Micro Devices in a research note on Saturday, July 22nd. Canaccord Genuity restated a “buy” rating and issued a $17.00 price target on shares of Advanced Micro Devices in a research note on Friday, May 19th. Zacks Investment Research upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Monday, May 1st. MKM Partners restated a “neutral” rating and issued a $13.00 price target on shares of Advanced Micro Devices in a research note on Friday, July 21st. Finally, Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Advanced Micro Devices in a research note on Friday, May 19th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.10.

Advanced Micro Devices (NASDAQ AMD) opened at 13.95 on Friday. Advanced Micro Devices has a 52 week low of $5.66 and a 52 week high of $15.65. The company has a 50 day moving average price of $13.28 and a 200-day moving average price of $12.67. The firm’s market capitalization is $13.18 billion.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.04. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.16 billion. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.05) EPS. Equities analysts predict that Advanced Micro Devices will post $0.10 earnings per share for the current year.

In other Advanced Micro Devices news, CFO Devinder Kumar sold 94,199 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $10.20, for a total value of $960,829.80. Following the sale, the chief financial officer now owns 746,635 shares in the company, valued at approximately $7,615,677. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Forrest Eugene Norrod sold 62,500 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $15.42, for a total value of $963,750.00. Following the completion of the sale, the senior vice president now owns 600,301 shares in the company, valued at approximately $9,256,641.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 680,978 shares of company stock valued at $8,115,227. Insiders own 1.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Chevy Chase Trust Holdings Inc. bought a new stake in Advanced Micro Devices during the first quarter worth approximately $9,676,000. Charter Trust Co. bought a new stake in Advanced Micro Devices during the first quarter worth approximately $153,000. Exxonmobil Investment Management Inc. TX bought a new stake in Advanced Micro Devices during the first quarter worth approximately $2,493,000. Gulf International Bank UK Ltd bought a new stake in Advanced Micro Devices during the first quarter worth approximately $3,633,000. Finally, Koshinski Asset Management Inc. bought a new stake in Advanced Micro Devices during the first quarter worth approximately $206,000. Hedge funds and other institutional investors own 56.93% of the company’s stock.

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.