Advanced Micro Devices (AMD) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Advanced Micro Devices (NASDAQ:AMD) from a sell rating to a hold rating in a research note published on Friday, January 5th.

AMD has been the subject of a number of other reports. Wells Fargo & Co reiterated an outperform rating and set a $18.00 price target on shares of Advanced Micro Devices in a research report on Monday, September 25th. Jefferies Group reiterated a buy rating and set a $19.00 price target on shares of Advanced Micro Devices in a research report on Friday, November 10th. Susquehanna Bancshares reissued a neutral rating and set a $15.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, September 20th. BMO Capital Markets reissued a hold rating and set a $15.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 18th. Finally, Barclays raised their price objective on shares of Advanced Micro Devices from $9.00 to $10.00 and gave the stock an underweight rating in a research note on Wednesday, October 4th. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Advanced Micro Devices currently has a consensus rating of Hold and a consensus price target of $14.73.

Advanced Micro Devices (NASDAQ AMD) traded down $0.12 during mid-day trading on Friday, hitting $12.02. 46,988,900 shares of the stock were exchanged, compared to its average volume of 49,690,000. Advanced Micro Devices has a 52 week low of $9.42 and a 52 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. The firm has a market cap of $11,600.00, a P/E ratio of -150.25, a price-to-earnings-growth ratio of 6.33 and a beta of 2.47.

In other Advanced Micro Devices news, CAO Darla M. Smith sold 18,001 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $11.37, for a total value of $204,671.37. Following the transaction, the chief accounting officer now owns 19,078 shares in the company, valued at approximately $216,916.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP James Robert Anderson sold 20,000 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $12.04, for a total transaction of $240,800.00. Following the completion of the transaction, the senior vice president now owns 493,773 shares in the company, valued at approximately $5,945,026.92. The disclosure for this sale can be found here. Insiders have sold a total of 1,394,194 shares of company stock worth $15,466,937 in the last 90 days. Company insiders own 1.60% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC raised its stake in shares of Advanced Micro Devices by 509.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 81,000 shares of the semiconductor manufacturer’s stock valued at $833,000 after purchasing an additional 67,700 shares in the last quarter. DnB Asset Management AS raised its stake in shares of Advanced Micro Devices by 761.0% in the 4th quarter. DnB Asset Management AS now owns 755,851 shares of the semiconductor manufacturer’s stock valued at $7,770,000 after purchasing an additional 668,062 shares in the last quarter. QUANTRES ASSET MANAGEMENT Ltd raised its stake in shares of Advanced Micro Devices by 122.1% in the 4th quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 116,600 shares of the semiconductor manufacturer’s stock valued at $1,199,000 after purchasing an additional 64,100 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at about $945,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at about $137,000. Institutional investors and hedge funds own 60.09% of the company’s stock.

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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.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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