Advanced Micro Devices Inc. (AMD) Rating Increased to Market Perform at Citigroup Inc.
Advanced Micro Devices Inc. (NASDAQ:AMD) was upgraded by equities research analysts at Citigroup Inc. from an “underperform” rating to a “market perform” rating in a report issued on Monday.
Other analysts have also issued reports about the stock. Vetr upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $5.12 price target on the stock in a research report on Monday, June 27th. Canaccord Genuity reissued a “buy” rating and set a $6.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, July 19th. MKM Partners upped their price objective on shares of Advanced Micro Devices from $5.00 to $6.30 and gave the company a “buy” rating in a research note on Tuesday, July 19th. Wells Fargo & Co. reissued a “buy” rating and set a $6.00 price objective (up previously from $5.25) on shares of Advanced Micro Devices in a research note on Thursday, June 30th. Finally, Jefferies Group reissued a “buy” rating and set a $6.75 price objective (up previously from $5.50) on shares of Advanced Micro Devices in a research note on Friday, July 22nd. Four analysts have rated the stock with a sell rating, sixteen 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 a consensus price target of $5.65.
Advanced Micro Devices (NASDAQ:AMD) traded down 1.19% during mid-day trading on Monday, reaching $6.67. 24,244,557 shares of the company traded hands. Advanced Micro Devices has a 52-week low of $1.75 and a 52-week high of $8.00. The stock has a 50-day moving average of $6.67 and a 200 day moving average of $5.20. The stock’s market capitalization is $5.31 billion.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/17/advanced-micro-devices-inc-amd-rating-increased-to-market-perform-at-citigroup-inc.html
Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Thursday, July 21st. The semiconductor manufacturer reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.03. The business earned $1.03 billion during the quarter, compared to analyst estimates of $951.89 million. Equities research analysts expect that Advanced Micro Devices will post ($0.19) earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Morgens Waterfall Vintiadis & Co. Inc. purchased a new stake in shares of Advanced Micro Devices during the third quarter valued at $2,764,000. Creative Planning increased its stake in shares of Advanced Micro Devices by 61.6% in the third quarter. Creative Planning now owns 71,178 shares of the semiconductor manufacturer’s stock valued at $492,000 after buying an additional 27,125 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Advanced Micro Devices by 3.7% in the third quarter. Oregon Public Employees Retirement Fund now owns 222,162 shares of the semiconductor manufacturer’s stock valued at $1,535,000 after buying an additional 7,894 shares in the last quarter. Mason Street Advisors LLC purchased a new stake in shares of Advanced Micro Devices during the second quarter valued at $1,507,000. Finally, Calvert Investment Management Inc. purchased a new stake in shares of Advanced Micro Devices during the second quarter valued at $173,000. Institutional investors own 41.43% of the company’s stock.
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.
Receive News & Ratings for Advanced Micro Devices Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices Inc. and related companies with MarketBeat.com's FREE daily email newsletter.