Advanced Micro Devices, Inc. (NASDAQ:AMD)‘s stock had its “sell” rating reissued by equities researchers at Citigroup Inc in a note issued to investors on Monday.

A number of other research analysts also recently commented on AMD. Canaccord Genuity reissued a “buy” rating and issued a $14.00 price target on shares of Advanced Micro Devices in a report on Friday, January 27th. Mizuho reissued an “in-line” rating and issued a $13.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 1st. Jefferies Group LLC reissued a “buy” rating and issued a $13.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 1st. Wells Fargo & Co reissued an “outperform” rating and issued a $11.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 1st. They noted that the move was a valuation call. Finally, Sanford C. Bernstein set a $8.00 price target on Advanced Micro Devices and gave the company a “hold” rating in a report on Wednesday, February 1st. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $12.51.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

Shares of Advanced Micro Devices (NASDAQ:AMD) traded down 3.24% during midday trading on Monday, hitting $11.04. The stock had a trading volume of 78,696,444 shares. The company’s market cap is $10.43 billion. Advanced Micro Devices has a one year low of $3.81 and a one year high of $15.55. The stock has a 50 day moving average of $12.38 and a 200-day moving average of $11.52.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Monday, May 1st. The semiconductor manufacturer reported ($0.04) EPS for the quarter, meeting analysts’ consensus estimates of ($0.04). The business had revenue of $984 million during the quarter, compared to analysts’ expectations of $984.40 million. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.12) EPS. Analysts forecast that Advanced Micro Devices will post $0.07 EPS for the current fiscal year.

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In related news, CFO Devinder Kumar sold 94,199 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $10.20, for a total value of $960,829.80. Following the sale, the chief financial officer now directly owns 746,635 shares in the company, valued at approximately $7,615,677. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 87,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $10.24, for a total value of $896,000.00. Following the completion of the sale, the chief executive officer now owns 1,429,540 shares in the company, valued at $14,638,489.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,262,175 shares of company stock worth $616,243,639. 1.00% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. Meeder Asset Management Inc. acquired a new stake in Advanced Micro Devices during the first quarter valued at approximately $100,000. Intellectus Partners LLC acquired a new stake in Advanced Micro Devices during the first quarter valued at approximately $116,000. Bluestein R H & Co. acquired a new stake in Advanced Micro Devices during the first quarter valued at approximately $146,000. Harbor Advisors LLC acquired a new stake in Advanced Micro Devices during the first quarter valued at approximately $146,000. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Advanced Micro Devices during the first quarter valued at approximately $148,000. Hedge funds and other 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.

12 Month Chart for NASDAQ:AMD

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