Advanced Micro Devices’ (NASDAQ:AMD) “Buy” Rating Reiterated at Jefferies Group LLC

Advanced Micro Devices, Inc. (NASDAQ:AMD)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Group LLC in a research note issued to investors on Wednesday, October 25th. They presently have a $19.00 price target on the semiconductor manufacturer’s stock. Jefferies Group LLC’s price objective indicates a potential upside of 68.74% from the stock’s previous close.

AMD has been the subject of several other research reports. Wells Fargo & Company restated an “outperform” rating and set a $15.00 price target on shares of Advanced Micro Devices in a research report on Friday, June 30th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Advanced Micro Devices in a research note on Tuesday, July 4th. BMO Capital Markets cut shares of Advanced Micro Devices from an “outperform” rating to a “market perform” rating and set a $15.00 price objective for the company. in a research note on Wednesday, July 26th. Barclays PLC reaffirmed an “underweight” rating and set a $9.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, August 10th. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $15.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, September 20th. Seven 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’s stock. Advanced Micro Devices has an average rating of “Hold” and a consensus target price of $14.05.



Advanced Micro Devices (NASDAQ AMD) opened at $11.26 on Wednesday. Advanced Micro Devices has a 1 year low of $6.47 and a 1 year 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, SVP James Robert Anderson sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $12.10, for a total value of $242,000.00. Following the completion of the sale, the senior vice president now directly owns 533,773 shares in the company, valued at $6,458,653.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Lisa T. Su sold 325,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $12.46, for a total transaction of $4,049,500.00. Following the sale, the chief executive officer now owns 2,037,139 shares of the company’s stock, valued at $25,382,751.94. The disclosure for this sale can be found here. In the last three months, insiders sold 1,333,877 shares of company stock valued at $16,340,764. Company insiders own 1.60% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Baillie Gifford & Co. acquired a new position in shares of Advanced Micro Devices during the second quarter worth $184,767,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Advanced Micro Devices by 51.7% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 200,824 shares of the semiconductor manufacturer’s stock worth $2,506,000 after purchasing an additional 68,462 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Advanced Micro Devices by 20.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,983 shares of the semiconductor manufacturer’s stock worth $1,997,000 after purchasing an additional 27,233 shares in the last quarter. KBC Group NV lifted its position in shares of Advanced Micro Devices by 16.0% during the second quarter. KBC Group NV now owns 106,877 shares of the semiconductor manufacturer’s stock worth $1,334,000 after purchasing an additional 14,715 shares in the last quarter. Finally, TB Alternative Assets Ltd. acquired a new position in shares of Advanced Micro Devices during the third quarter worth $956,000. 59.05% 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.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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