Several other analysts have also recently issued reports on AMD. Vetr upgraded Advanced Micro Devices from a buy rating to a strong-buy rating and set a $15.99 price objective on the stock in a research note on Monday, June 26th. Rosenblatt Securities restated a buy rating and set a $20.00 price objective on shares of Advanced Micro Devices in a research note on Monday, June 26th. MKM Partners reaffirmed a neutral rating and set a $13.00 target price on shares of Advanced Micro Devices in a report on Wednesday, June 28th. BidaskClub lowered Advanced Micro Devices from a strong-buy rating to a buy rating in a report on Thursday, June 29th. Finally, Wells Fargo & Company reaffirmed an outperform rating and set a $15.00 target price on shares of Advanced Micro Devices in a report on Friday, June 30th. Seven research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $14.05.
Advanced Micro Devices (AMD) traded up $0.14 during trading hours on Tuesday, hitting $11.26. The company had a trading volume of 50,209,900 shares, compared to its average volume of 68,947,180. Advanced Micro Devices has a fifty-two week low of $6.47 and a fifty-two week high of $15.65. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.20 and a current ratio of 1.70.
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In related news, insider Darla M. Smith sold 8,172 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $12.85, for a total value of $105,010.20. Following the completion of the sale, the insider now owns 34,934 shares in the company, valued at $448,901.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Darla M. Smith sold 22,175 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $12.20, for a total transaction of $270,535.00. Following the completion of the sale, the insider now owns 36,585 shares of the company’s stock, valued at approximately $446,337. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,333,877 shares of company stock worth $16,340,764. 1.60% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in AMD. Dimensional Fund Advisors LP lifted its stake in Advanced Micro Devices by 7.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,675,249 shares of the semiconductor manufacturer’s stock worth $53,472,000 after purchasing an additional 269,478 shares during the period. KCG Holdings Inc. lifted its stake in Advanced Micro Devices by 205.4% during the first quarter. KCG Holdings Inc. now owns 49,563 shares of the semiconductor manufacturer’s stock worth $721,000 after purchasing an additional 33,336 shares during the period. Tudor Investment Corp ET AL bought a new position in Advanced Micro Devices during the first quarter worth about $216,000. HighTower Advisors LLC lifted its stake in Advanced Micro Devices by 24.5% during the first quarter. HighTower Advisors LLC now owns 39,270 shares of the semiconductor manufacturer’s stock worth $572,000 after purchasing an additional 7,732 shares during the period. Finally, Janus Capital Management LLC bought a new position in Advanced Micro Devices during the first quarter worth about $10,563,000. Hedge funds and other institutional investors own 59.05% 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.
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