Advanced Micro Devices, Inc. (NASDAQ:AMD)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Oppenheimer Holdings, Inc. in a research report issued to clients and investors on Friday.

AMD has been the subject of several other research reports. Morgan Stanley reaffirmed an “equal weight” rating on shares of Advanced Micro Devices in a research report on Monday, May 15th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a $10.60 price target on shares of Advanced Micro Devices in a research report on Monday, June 12th. Sanford C. Bernstein reaffirmed a “sell” rating on shares of Advanced Micro Devices in a research report on Tuesday, April 25th. BMO Capital Markets reaffirmed an “outperform” rating and set a $15.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 17th. Finally, Mizuho reaffirmed a “buy” rating and set a $14.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 17th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $13.06.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

Shares of Advanced Micro Devices (AMD) traded down 1.46% during trading on Friday, reaching $14.17. 200,777,337 shares of the company’s stock were exchanged. Advanced Micro Devices has a 12 month low of $4.65 and a 12 month high of $15.55. The stock has a 50-day moving average price of $11.30 and a 200 day moving average price of $12.16. The firm’s market cap is $13.39 billion.

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, meeting the Thomson Reuters’ consensus estimate of ($0.04). Advanced Micro Devices had a negative net margin of 10.42% and a negative return on equity of 76.29%. The firm had revenue of $984 million during the quarter, compared to analyst estimates of $984.40 million. During the same quarter in the prior year, the firm earned ($0.12) EPS. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, analysts forecast that Advanced Micro Devices will post $0.07 EPS for the current year.

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In related news, Director Bruce L. Claflin sold 20,000 shares of the firm’s stock in a transaction on Monday, April 10th. The stock was sold at an average price of $13.33, for a total value of $266,600.00. Following the completion of the sale, the director now directly owns 638,902 shares in the company, valued at $8,516,563.66. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP James Robert Anderson sold 160,122 shares of the firm’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $12.48, for a total value of $1,998,322.56. Following the completion of the sale, the senior vice president now owns 622,485 shares of the company’s stock, valued at $7,768,612.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 618,478 shares of company stock valued at $7,134,277. 1.60% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of AMD. Creative Planning raised its stake in Advanced Micro Devices by 1.4% in the fourth quarter. Creative Planning now owns 153,772 shares of the semiconductor manufacturer’s stock worth $441,000 after buying an additional 2,080 shares during the last quarter. Retirement Systems of Alabama raised its stake in Advanced Micro Devices by 2.8% in the fourth quarter. Retirement Systems of Alabama now owns 822,444 shares of the semiconductor manufacturer’s stock worth $2,360,000 after buying an additional 22,045 shares during the last quarter. Nationwide Fund Advisors raised its stake in Advanced Micro Devices by 1.8% in the fourth quarter. Nationwide Fund Advisors now owns 1,444,027 shares of the semiconductor manufacturer’s stock worth $4,144,000 after buying an additional 25,741 shares during the last quarter. California State Teachers Retirement System raised its stake in Advanced Micro Devices by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 1,178,819 shares of the semiconductor manufacturer’s stock worth $3,383,000 after buying an additional 18,876 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Advanced Micro Devices by 3.1% in the fourth quarter. Rhumbline Advisers now owns 1,264,618 shares of the semiconductor manufacturer’s stock worth $3,629,000 after buying an additional 38,285 shares during the last quarter. Institutional investors own 57.43% 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 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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