Advanced Micro Devices Inc. (AMD) Raised to “Market Perform” at Citigroup Inc.
Advanced Micro Devices Inc. (NASDAQ:AMD) was upgraded by stock analysts at Citigroup Inc. to a “market perform” rating in a report released on Monday, The Fly reports.
Several other research analysts have also recently issued reports on the stock. Credit Suisse Group AG upgraded shares of Advanced Micro Devices from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $5.50 to $7.00 in a report on Wednesday, October 12th. Vetr upgraded shares of Advanced Micro Devices from a “buy” rating to a “strong-buy” rating and set a $7.46 target price on the stock in a report on Tuesday, October 11th. Barclays PLC began coverage on shares of Advanced Micro Devices in a report on Friday, October 7th. They set an “equal weight” rating and a $7.00 target price on the stock. They noted that the move was a valuation call. Wells Fargo & Co. reiterated an “outperform” rating on shares of Advanced Micro Devices in a report on Friday, September 30th. Finally, Sanford C. Bernstein began coverage on shares of Advanced Micro Devices in a report on Wednesday, September 21st. They set an “underperform” rating and a $3.00 target price on the stock. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $5.65.
Advanced Micro Devices (NASDAQ:AMD) opened at 6.75 on Monday. The stock’s market capitalization is $5.37 billion. The stock’s 50 day moving average is $6.67 and its 200 day moving average is $5.20. Advanced Micro Devices has a 12-month low of $1.75 and a 12-month high of $8.00.
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Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Thursday, July 21st. The semiconductor manufacturer reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.03. The company earned $1.03 billion during the quarter, compared to the consensus estimate of $951.89 million. Equities analysts anticipate that Advanced Micro Devices will post ($0.19) EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in the company. Neuberger Berman Group LLC acquired a new stake in shares of Advanced Micro Devices during the second quarter valued at about $116,000. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Advanced Micro Devices by 7.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 25,072 shares of the semiconductor manufacturer’s stock valued at $129,000 after buying an additional 1,800 shares during the period. Courier Capital Corp boosted its stake in shares of Advanced Micro Devices by 0.8% in the second quarter. Courier Capital Corp now owns 25,200 shares of the semiconductor manufacturer’s stock valued at $130,000 after buying an additional 200 shares during the period. Calvert Investment Management Inc. acquired a new stake in shares of Advanced Micro Devices during the second quarter valued at about $173,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Advanced Micro Devices during the second quarter valued at about $179,000. 41.43% of the stock is currently owned by institutional investors.
Advanced Micro Devices Company Profile
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.
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