Advanced Micro Devices, Inc. (NASDAQ:AMD)‘s stock had its “buy” rating restated by investment analysts at Rosenblatt Securities in a research report issued on Tuesday, July 18th. They presently have a $20.00 price target on the semiconductor manufacturer’s stock. Rosenblatt Securities’ price objective would indicate a potential upside of 52.44% from the company’s current price.
Other analysts have also recently issued research reports about the stock. Morgan Stanley reaffirmed an “equal weight” rating on shares of Advanced Micro Devices in a report on Monday, May 15th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and issued a $10.60 target price on shares of Advanced Micro Devices in a report on Monday, June 12th. Sanford C. Bernstein reaffirmed a “sell” rating on shares of Advanced Micro Devices in a report on Tuesday, April 25th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Advanced Micro Devices in a report on Friday, June 30th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 17th. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $14.18.
Shares of Advanced Micro Devices (NASDAQ AMD) opened at 13.12 on Tuesday. The company’s market cap is $12.40 billion. The stock has a 50 day moving average of $13.36 and a 200 day moving average of $12.73. Advanced Micro Devices has a 12-month low of $5.66 and a 12-month high of $15.65.
Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.04. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the firm posted ($0.05) earnings per share. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. Analysts forecast that Advanced Micro Devices will post $0.10 earnings per share for the current year.
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In other Advanced Micro Devices news, SVP James Robert Anderson sold 20,000 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $10.86, for a total transaction of $217,200.00. Following the sale, the senior vice president now directly owns 300,334 shares in the company, valued at approximately $3,261,627.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Harry A. Wolin sold 46,875 shares of the business’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $12.75, for a total transaction of $597,656.25. Following the sale, the senior vice president now owns 834,549 shares in the company, valued at $10,640,499.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,589,751 shares of company stock worth $21,024,000,007,258,100. 1.60% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of AMD. Vanguard Group Inc. raised its stake in shares of 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 valued at $1,270,140,000 after buying an additional 15,661,774 shares during the last quarter. Wellington Management Group LLP increased 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 valued at $206,339,000 after buying an additional 13,939,494 shares during the period. Teachers Advisors LLC increased its position in shares of Advanced Micro Devices by 14.2% in the fourth quarter. Teachers Advisors LLC now owns 12,308,204 shares of the semiconductor manufacturer’s stock valued at $139,575,000 after buying an additional 1,526,306 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Advanced Micro Devices by 31.7% in the first quarter. Geode Capital Management LLC now owns 9,210,323 shares of the semiconductor manufacturer’s stock valued at $133,854,000 after buying an additional 2,215,111 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. purchased a new position in shares of Advanced Micro Devices during the first quarter valued at $129,039,000. Institutional investors own 57.34% of the company’s stock.
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.
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