Advanced Micro Devices, Inc. (AMD) Price Target Increased to $16.00 by Analysts at Jefferies Group LLC
Advanced Micro Devices, Inc. (NASDAQ:AMD) had its price target raised by equities researchers at Jefferies Group LLC to $16.00 in a research note issued to investors on Monday. The brokerage presently has a “buy” rating on the semiconductor manufacturer’s stock. Jefferies Group LLC’s price target suggests a potential upside of 10.88% from the stock’s current price.
Other equities analysts have also recently issued reports about the company. Vetr cut Advanced Micro Devices from a “strong-buy” rating to a “buy” rating and set a $9.65 price target on the stock. in a research note on Monday, November 21st. Zacks Investment Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Thursday, December 1st. MKM Partners lifted their price target on Advanced Micro Devices from $8.00 to $10.50 and gave the stock a “buy” rating in a research note on Tuesday, November 22nd. Bank of America Corp raised Advanced Micro Devices from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $5.00 to $12.00 in a research note on Thursday, December 8th. Finally, Loop Capital started coverage on Advanced Micro Devices in a research note on Monday, December 5th. They issued a “buy” rating and a $11.00 price target on the stock. Seventeen research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $10.31.
Shares of Advanced Micro Devices (NASDAQ:AMD) traded up 6.75% during trading on Monday, hitting $14.40. 91,565,591 shares of the company’s stock were exchanged. Advanced Micro Devices has a 1-year low of $2.60 and a 1-year high of $15.55. The stock’s 50 day moving average is $13.32 and its 200 day moving average is $9.61. The firm’s market capitalization is $13.55 billion.
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Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, January 31st. The semiconductor manufacturer reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.01. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.07 billion. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.10) earnings per share. On average, equities research analysts forecast that Advanced Micro Devices will post $0.07 earnings per share for the current year.
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In other Advanced Micro Devices news, insider Darla M. Smith sold 23,448 shares of the business’s stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $13.42, for a total value of $314,672.16. Following the sale, the insider now directly owns 15,257 shares of the company’s stock, valued at $204,748.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Harry A. Wolin sold 33,928 shares of the business’s stock in a transaction on Sunday, January 15th. The stock was sold at an average price of $9.96, for a total value of $337,922.88. Following the completion of the sale, the senior vice president now directly owns 821,602 shares in the company, valued at $8,183,155.92. The disclosure for this sale can be found here. Insiders sold 45,549,252 shares of company stock worth $619,940,216 over the last three months. Corporate insiders own 1.00% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the company. 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 in the last quarter. 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 in the last quarter. Morgens Waterfall Vintiadis & Co. Inc. acquired a new position in Advanced Micro Devices during the third quarter valued at $2,764,000. Quotient Investors LLC acquired a new position in Advanced Micro Devices during the third quarter valued at $2,376,000. Finally, Nationwide Fund Advisors boosted its position in Advanced Micro Devices by 1.2% in the third quarter. Nationwide Fund Advisors now owns 1,867,494 shares of the semiconductor manufacturer’s stock valued at $12,904,000 after buying an additional 21,322 shares in the last quarter. 54.77% of the stock is currently owned by institutional investors and hedge funds.
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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