Advanced Micro Devices Inc. (AMD) Stock Rating Reaffirmed by Jefferies Group
Advanced Micro Devices Inc. (NASDAQ:AMD)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Group in a research note issued to investors on Monday.
Several other brokerages have also weighed in on AMD. Vetr lowered Advanced Micro Devices from a “sell” rating to a “strong sell” rating and set a $6.54 price objective for the company. in a report on Monday, August 22nd. Canaccord Genuity reissued a “buy” rating on shares of Advanced Micro Devices in a report on Tuesday, August 23rd. Zacks Investment Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a report on Monday, September 5th. Mizuho reissued a “neutral” rating and issued a $7.00 price objective (up previously from $5.50) on shares of Advanced Micro Devices in a report on Thursday, September 1st. Finally, Wells Fargo & Co. reissued an “outperform” rating on shares of Advanced Micro Devices in a report on Wednesday, September 7th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $5.65.
Advanced Micro Devices (NASDAQ:AMD) opened at 6.75 on Monday. The firm’s 50-day moving average price is $6.67 and its 200 day moving average price is $5.20. The firm’s market cap is $5.37 billion. Advanced Micro Devices has a 52 week low of $1.75 and a 52 week high of $8.00.
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Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Thursday, July 21st. The semiconductor manufacturer reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.03. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $951.89 million. Equities analysts forecast that Advanced Micro Devices will post ($0.19) earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Morgens Waterfall Vintiadis & Co. Inc. acquired a new position in Advanced Micro Devices during the third quarter valued at about $2,764,000. Creative Planning boosted its position in 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 during the period. Oregon Public Employees Retirement Fund boosted its position in 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 during the period. Mason Street Advisors LLC acquired a new position in Advanced Micro Devices during the second quarter valued at about $1,507,000. Finally, Calvert Investment Management Inc. acquired a new position in Advanced Micro Devices during the second quarter valued at about $173,000. 41.43% of the stock is currently owned by hedge funds and other 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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