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Equities research analysts at Imperial Capital began coverage on shares of Advanced Micro Devices (NYSE:AMD) in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $5.00 price target on the stock. Imperial Capital’s price target points to a potential upside of 22.85% from the stock’s previous close.

AMD has been the subject of a number of other recent research reports. Analysts at ISI Group upgraded shares of Advanced Micro Devices to a “positive” rating in a research note on Tuesday, June 3rd. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Advanced Micro Devices in a research note on Wednesday, May 21st. They now have a $4.25 price target on the stock. Finally, analysts at Ned Davis Research upgraded shares of Advanced Micro Devices from a “sell” rating to a “neutral” rating in a research note on Monday, May 12th. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company. Advanced Micro Devices has a consensus rating of “Hold” and a consensus target price of $4.93.

Shares of Advanced Micro Devices (NYSE:AMD) traded up 0.25% during mid-day trading on Monday, hitting $4.07. 7,595,915 shares of the company’s stock traded hands. Advanced Micro Devices has a one year low of $3.04 and a one year high of $4.65. The stock has a 50-day moving average of $4.03 and a 200-day moving average of $3.83. The company has a market cap of $3.102 billion and a P/E ratio of 84.58. Advanced Micro Devices also was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 111,035,569 shares, a decrease of 3.1% from the April 30th total of 114,641,198 shares. Based on an average trading volume of 16,956,469 shares, the short-interest ratio is currently 6.5 days. Currently, 18.0% of the company’s shares are sold short.

Advanced Micro Devices (NYSE:AMD) last posted its quarterly earnings results on Thursday, April 17th. The company reported $0.02 earnings per share for the quarter. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the company posted ($0.13) earnings per share. Advanced Micro Devices’s revenue was up 28.4% compared to the same quarter last year. Analysts expect that Advanced Micro Devices will post $0.19 EPS for the current fiscal year.

Advanced Micro Devices, Inc (NYSE:AMD) is a global semiconductor company with facilities around the world.

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