Advanced Micro Devices, Inc. (AMD) Given “Hold” Rating at Deutsche Bank AG
Advanced Micro Devices, Inc. (NASDAQ:AMD)‘s stock had its “hold” rating reaffirmed by equities research analysts at Deutsche Bank AG in a research note issued to investors on Friday. They presently have a $10.00 price target on the semiconductor manufacturer’s stock. Deutsche Bank AG’s price objective suggests a potential downside of 12.36% from the company’s current price.
Other research analysts have also issued research reports about the company. Canaccord Genuity lifted their price target on Advanced Micro Devices to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, February 1st. Loop Capital reaffirmed a “buy” rating and set a $12.00 price target on shares of Advanced Micro Devices in a research report on Monday, February 6th. Jefferies Group LLC reaffirmed a “buy” rating and set a $13.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 1st. Summit Redstone reaffirmed a “buy” rating on shares of Advanced Micro Devices in a research report on Saturday, January 21st. Finally, Vetr lowered Advanced Micro Devices from a “strong-buy” rating to a “buy” rating and set a $15.16 price target on the stock. in a research report on Monday, February 6th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.51.
Advanced Micro Devices (NASDAQ:AMD) opened at 11.41 on Friday. The firm’s market cap is $10.78 billion. Advanced Micro Devices has a one year low of $3.88 and a one year high of $15.55. The company has a 50-day moving average of $12.38 and a 200 day moving average of $11.52.
Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Monday, May 1st. The semiconductor manufacturer reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04). The firm had revenue of $984 million for the quarter, compared to analyst estimates of $984.40 million. The company’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period last year, the firm earned ($0.12) EPS. Equities research analysts expect that Advanced Micro Devices will post $0.07 earnings per share for the current fiscal year.
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In other Advanced Micro Devices news, CEO Lisa T. Su sold 87,500 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $10.24, for a total transaction of $896,000.00. Following the sale, the chief executive officer now directly owns 1,429,540 shares in the company, valued at $14,638,489.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP James Robert Anderson sold 20,000 shares of the business’s stock in a transaction on Friday, March 24th. The stock was sold at an average price of $14.05, for a total value of $281,000.00. Following the sale, the senior vice president now owns 340,334 shares in the company, valued at $4,781,692.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,262,175 shares of company stock worth $616,243,639. 1.00% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of AMD. Monashee Investment Management LLC purchased a new stake in Advanced Micro Devices during the third quarter worth approximately $9,536,000. Advisory Research Inc. purchased a new stake in Advanced Micro Devices during the fourth quarter worth approximately $1,433,000. Janney Montgomery Scott LLC increased its stake in Advanced Micro Devices by 91.0% in the first quarter. Janney Montgomery Scott LLC now owns 143,912 shares of the semiconductor manufacturer’s stock worth $2,094,000 after buying an additional 68,565 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Advanced Micro Devices during the fourth quarter worth approximately $4,972,000. Finally, Sumitomo Mitsui Asset Management Company LTD purchased a new stake in Advanced Micro Devices during the first quarter worth approximately $2,348,000. Institutional investors own 54.77% of the company’s stock.
About Advanced Micro Devices
Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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