Advanced Micro Devices (NASDAQ: AMD) recently received a number of ratings updates from brokerages and research firms:

  • 9/20/2016 – Advanced Micro Devices was upgraded by analysts at Sanford C. Bernstein from an “underperform” rating to a “market perform” rating. They now have a $5.00 price target on the stock, up previously from $3.00.
  • 9/20/2016 – Advanced Micro Devices is now covered by analysts at Susquehanna. They set a “neutral” rating and a $6.50 price target on the stock.
  • 9/19/2016 – Advanced Micro Devices was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $7.76 price target on the stock.
  • 9/19/2016 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a $9.00 price target on the stock.
  • 9/16/2016 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at MKM Partners. They now have a $8.00 price target on the stock.
  • 9/14/2016 – Advanced Micro Devices had its “underperform” rating reaffirmed by analysts at Bank of America Corp.. They now have a $5.00 price target on the stock.
  • 9/14/2016 – Advanced Micro Devices had its price target raised by analysts at Deutsche Bank AG from $4.00 to $5.00. They now have a “hold” rating on the stock.
  • 9/14/2016 – Advanced Micro Devices was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $6.48 price target on the stock.
  • 9/12/2016 – Advanced Micro Devices was upgraded by analysts at Vetr from a “strong sell” rating to a “hold” rating. They now have a $5.74 price target on the stock.
  • 9/12/2016 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $8.50 price target on the stock.
  • 9/7/2016 – Advanced Micro Devices had its “outperform” rating reaffirmed by analysts at Wells Fargo & Co..
  • 9/5/2016 – Advanced Micro Devices was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $8.50 price target on the stock. According to Zacks, “AMD is the second-largest producer of microprocessors, GPUs and chipsets in the world. The company’s second quarter loss was lower than the Zacks Consensus estimate loss. Management provided strong third quarter guidance due to expectations of strong demand for Semi-Custom and Graphics products. The company is strengthening its position in key markets with the introduction of several APUs and GPUs. During the quarter, the company closed its ATMP joint venture transaction with Nantong Fujitsu Microelectronics a deal that helped it to bolster its cash position. Also, management believes that AMD's datacenter offerings will result in new design wins that will likely deliver strong revenue growth in 2017 and beyond. Though Intel remains a strong competitor with superior strategy and technological prowess, AMD might be able to car”
  • 9/1/2016 – Advanced Micro Devices had its “neutral” rating reaffirmed by analysts at Mizuho. They now have a $7.00 price target on the stock, up previously from $5.50.
  • 8/23/2016 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They wrote, “While we recognize that roadmap execution, competition and financial risks remain, we remain impressed with the new management team and anticipate a quick recovery to solid profitability given lower expenses necessitated by the company’s recent struggles. Finally, we believe risk/reward remains unbalanced to the upside despite the recent stock move,” analyst Matthew Ramsay wrote in a note.Related Link: Jefferies Analysts Are Buyers Of Nvidia Amid Sales Momentum, Probability Of UpsideRamsay’s bullish thesis on Advanced Micro Devices is based on the following:”AMD re-emerging as a competitive second source to Intel Corporation (NASDAQ: INTC) across relevant x86 CPU markets.””Gradual unit share recovery with Polaris/Vega in discrete GPUs with ASPs trending higher for both AMD and NVIDIA Corporation (NASDAQ: NVDA).””Ramping business with AMD’s unique position with key gaming console partners with 4K/VR gaming increasing hardware refresh rates.”
  • 8/22/2016 – Advanced Micro Devices was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating. They now have a $6.54 price target on the stock.
  • 8/18/2016 – Advanced Micro Devices was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $6.42 price target on the stock.
  • 8/2/2016 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at MKM Partners. They now have a $6.30 price target on the stock.
  • 7/26/2016 – Advanced Micro Devices had its “hold” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $6.00 price target on the stock.
  • 7/25/2016 – Advanced Micro Devices was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $5.08 price target on the stock.

Shares of Advanced Micro Devices Inc. (NASDAQ:AMD) opened at 6.17 on Wednesday. The company’s market capitalization is $4.91 billion. Advanced Micro Devices Inc. has a 52 week low of $1.65 and a 52 week high of $8.00. The firm’s 50-day moving average is $6.78 and its 200 day moving average is $4.73.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Thursday, July 21st. The semiconductor manufacturer reported ($0.05) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.03. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $951.89 million. On average, analysts anticipate that Advanced Micro Devices Inc. will post ($0.20) earnings per share for the current fiscal year.

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as a standalone central processing unit (CPU) or as incorporated into an accelerated processing unit (APU), chipsets, and discrete graphics processing units (GPUs) for the consumer, commercial and professional graphics markets, and server and embedded CPUs, GPUs and APUs, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

5 Day Chart for NASDAQ:AMD

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