Weekly Analysts’ Ratings Changes for Advanced Micro Devices (AMD)

A number of firms have modified their ratings and price targets on shares of Advanced Micro Devices (NASDAQ: AMD) recently:

  • 11/7/2018 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at Craig Hallum. They now have a $27.00 price target on the stock, up previously from $21.00.
  • 11/2/2018 – Advanced Micro Devices had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $25.00 price target on the stock.
  • 11/1/2018 – Advanced Micro Devices was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/30/2018 – Advanced Micro Devices had its price target lowered by analysts at Cowen Inc from $33.00 to $26.00. They now have an “outperform” rating on the stock.
  • 10/26/2018 – Advanced Micro Devices had its price target raised by analysts at JPMorgan Chase & Co. to $18.00. They now have a “neutral” rating on the stock.
  • 10/25/2018 – Advanced Micro Devices was upgraded by analysts at Northland Securities from a “market perform” rating to an “outperform” rating.
  • 10/25/2018 – Advanced Micro Devices had its price target lowered by analysts at Royal Bank of Canada to $34.00. They now have an “outperform” rating on the stock.
  • 10/25/2018 – Advanced Micro Devices had its price target lowered by analysts at Robert W. Baird from $28.00 to $25.00. They now have a “neutral” rating on the stock.
  • 10/25/2018 – Advanced Micro Devices had its price target lowered by analysts at BMO Capital Markets from $20.00 to $18.00. They now have a “market perform” rating on the stock.
  • 10/23/2018 – Advanced Micro Devices was upgraded by analysts at Barclays PLC from an “underweight” rating to an “equal weight” rating. They now have a $25.00 price target on the stock.
  • 10/19/2018 – Advanced Micro Devices is now covered by analysts at New Street Research. They set a “sell” rating and a $18.00 price target on the stock.
  • 10/19/2018 – Advanced Micro Devices was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating.
  • 10/19/2018 – Advanced Micro Devices was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 10/18/2018 – Advanced Micro Devices had its “outperform” rating reaffirmed by analysts at Cowen Inc. They now have a $33.00 price target on the stock, up previously from $30.00.
  • 10/4/2018 – Advanced Micro Devices was upgraded by analysts at med to a “positive” rating.
  • 10/1/2018 – Advanced Micro Devices had its price target raised by analysts at Barclays PLC from $15.00 to $25.00. They now have an “underweight” rating on the stock.
  • 10/1/2018 – Advanced Micro Devices was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating. They now have a $28.00 price target on the stock, up previously from $20.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 9/27/2018 – Advanced Micro Devices was downgraded by analysts at Northland Securities from an “outperform” rating to a “market perform” rating. They now have a $30.00 price target on the stock.
  • 9/25/2018 – Advanced Micro Devices is now covered by analysts at KeyCorp. They set a “sector weight” rating on the stock.
  • 9/24/2018 – Advanced Micro Devices is now covered by analysts at Royal Bank of Canada. They set an “outperform” rating and a $40.00 price target on the stock.
  • 9/21/2018 – Advanced Micro Devices had its price target raised by analysts at Jefferies Financial Group Inc from $30.00 to $36.00. They now have a “buy” rating on the stock.
  • 9/19/2018 – Advanced Micro Devices had its “underweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $28.00 price target on the stock, up previously from $11.00.
  • 9/19/2018 – Advanced Micro Devices had its price target raised by analysts at Stifel Nicolaus from $21.00 to $38.00. They now have a “buy” rating on the stock.
  • 9/18/2018 – Advanced Micro Devices had its price target raised by analysts at Mizuho from $20.00 to $36.00. They now have a “buy” rating on the stock.
  • 9/13/2018 – Advanced Micro Devices is now covered by analysts at FBN Securities. They set an “outperform” rating on the stock.
  • 9/11/2018 – Advanced Micro Devices had its price target raised by analysts at Rosenblatt Securities from $30.00 to $40.00. They now have a “buy” rating on the stock.
  • 9/10/2018 – Advanced Micro Devices had its price target raised by analysts at Wells Fargo & Co from $20.00 to $34.00. They now have an “outperform” rating on the stock.

Advanced Micro Devices stock traded up $1.41 during trading on Wednesday, reaching $22.09. The stock had a trading volume of 4,249,416 shares, compared to its average volume of 115,095,080. Advanced Micro Devices, Inc. has a 52-week low of $9.04 and a 52-week high of $34.14. The company has a quick ratio of 1.37, a current ratio of 1.76 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $20.22 billion, a P/E ratio of 276.13, a P/E/G ratio of 4.16 and a beta of 3.64.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Wednesday, October 24th. The semiconductor manufacturer reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Advanced Micro Devices had a net margin of 5.51% and a return on equity of 47.21%. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the company earned $0.10 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 0.35 earnings per share for the current fiscal year.

In other Advanced Micro Devices news, insider Mark D. Papermaster sold 50,000 shares of the business’s stock in a transaction on Monday, October 15th. The shares were sold at an average price of $26.17, for a total value of $1,308,500.00. Following the transaction, the insider now directly owns 1,262,198 shares of the company’s stock, valued at approximately $33,031,721.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Devinder Kumar sold 75,000 shares of the business’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $17.56, for a total transaction of $1,317,000.00. The disclosure for this sale can be found here. Insiders sold a total of 2,501,881 shares of company stock worth $54,945,508 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in AMD. Swedbank acquired a new position in shares of Advanced Micro Devices during the 3rd quarter valued at about $152,865,000. State of Wisconsin Investment Board increased its position in Advanced Micro Devices by 7.4% during the 2nd quarter. State of Wisconsin Investment Board now owns 1,061,554 shares of the semiconductor manufacturer’s stock worth $15,913,000 after purchasing an additional 73,081 shares in the last quarter. OmniStar Financial Group Inc. acquired a new stake in Advanced Micro Devices during the 2nd quarter worth approximately $316,000. Barometer Capital Management Inc. acquired a new stake in Advanced Micro Devices during the 3rd quarter worth approximately $3,265,000. Finally, Renaissance Technologies LLC increased its position in Advanced Micro Devices by 541.5% during the 2nd quarter. Renaissance Technologies LLC now owns 7,427,326 shares of the semiconductor manufacturer’s stock worth $111,336,000 after purchasing an additional 6,269,500 shares in the last quarter. 66.62% of the stock is currently owned by institutional investors.

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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