Advanced Micro Devices, Inc. (AMD) Given Average Rating of “Hold” by Brokerages

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have earned an average recommendation of “Hold” from the thirty-three analysts that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $14.80.

AMD has been the subject of a number of analyst reports. Susquehanna Bancshares reissued a “neutral” rating and set a $15.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, September 20th. Jefferies Group reissued a “top pick” rating and set a $13.74 price objective (down from $19.00) on shares of Advanced Micro Devices in a report on Thursday, September 21st. Rosenblatt Securities reissued a “buy” rating and set a $22.00 price objective on shares of Advanced Micro Devices in a report on Thursday, September 21st. Deutsche Bank reissued a “hold” rating and set a $12.00 price objective on shares of Advanced Micro Devices in a report on Thursday, September 21st. Finally, Wells Fargo & Co reissued an “outperform” rating and set a $18.00 price objective on shares of Advanced Micro Devices in a report on Monday, September 25th.

Shares of Advanced Micro Devices (NASDAQ:AMD) traded down $0.21 during midday trading on Friday, hitting $11.93. The company’s stock had a trading volume of 27,423,631 shares, compared to its average volume of 73,536,977. The company has a market capitalization of $11,490.00, a PE ratio of -149.06, a PEG ratio of 6.19 and a beta of 2.47. Advanced Micro Devices has a 12 month low of $9.42 and a 12 month 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.

In related news, CAO Darla M. Smith sold 18,001 shares of Advanced Micro Devices stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $11.37, for a total value of $204,671.37. Following the completion of the sale, the chief accounting officer now directly owns 19,078 shares in the company, valued at $216,916.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP James Robert Anderson sold 20,000 shares of Advanced Micro Devices stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $12.04, for a total value of $240,800.00. Following the completion of the sale, the senior vice president now owns 493,773 shares of the company’s stock, valued at $5,945,026.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,394,194 shares of company stock valued at $15,466,937. Corporate insiders own 1.60% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Coldstream Capital Management Inc. increased its position in Advanced Micro Devices by 0.3% in the second quarter. Coldstream Capital Management Inc. now owns 20,735 shares of the semiconductor manufacturer’s stock worth $259,000 after purchasing an additional 60 shares during the period. Wealthfront Inc. grew its position in shares of Advanced Micro Devices by 0.5% during the 2nd quarter. Wealthfront Inc. now owns 20,050 shares of the semiconductor manufacturer’s stock worth $250,000 after buying an additional 104 shares during the period. Neuberger Berman Group LLC grew its position in shares of Advanced Micro Devices by 0.4% during the 2nd quarter. Neuberger Berman Group LLC now owns 70,113 shares of the semiconductor manufacturer’s stock worth $875,000 after buying an additional 272 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Advanced Micro Devices by 0.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 57,571 shares of the semiconductor manufacturer’s stock worth $718,000 after buying an additional 348 shares during the period. Finally, Nordea Investment Management AB grew its position in shares of Advanced Micro Devices by 4.6% during the 2nd quarter. Nordea Investment Management AB now owns 32,480 shares of the semiconductor manufacturer’s stock worth $405,000 after buying an additional 1,438 shares during the period. Hedge funds and other institutional investors 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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