Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have earned a consensus rating of “Hold” from the thirty-two analysts that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $13.03.

A number of analysts have commented on the stock. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Advanced Micro Devices in a report on Friday, June 23rd. Northland Securities restated a “buy” rating and set a $17.50 price target on shares of Advanced Micro Devices in a report on Friday, June 23rd. Stifel Nicolaus restated a “hold” rating and set a $11.00 price target (up previously from $8.00) on shares of Advanced Micro Devices in a report on Tuesday, May 2nd. Wells Fargo & Company restated an “outperform” rating and set a $14.00 price target (up previously from $12.00) on shares of Advanced Micro Devices in a report on Tuesday, May 2nd. Finally, Mizuho restated a “buy” rating and set a $14.00 price target on shares of Advanced Micro Devices in a report on Wednesday, May 17th.

Advanced Micro Devices (NASDAQ:AMD) traded up 1.6072% on Friday, reaching $14.0218. The company had a trading volume of 30,743,775 shares. Advanced Micro Devices has a 1-year low of $5.45 and a 1-year high of $15.55. The firm’s market capitalization is $13.25 billion. The company’s 50-day moving average price is $12.86 and its 200 day moving average price is $12.56.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Monday, May 1st. The semiconductor manufacturer reported ($0.04) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.04). The company had revenue of $984 million during the quarter, compared to the consensus estimate of $984.40 million. Advanced Micro Devices had a negative net margin of 10.42% and a negative return on equity of 76.29%. Advanced Micro Devices’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.12) EPS. On average, equities analysts forecast that Advanced Micro Devices will post $0.07 EPS for the current year.

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In other Advanced Micro Devices news, SVP Forrest Eugene Norrod sold 62,500 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $13.21, for a total value of $825,625.00. Following the sale, the senior vice president now owns 646,061 shares of the company’s stock, valued at $8,534,465.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James Robert Anderson sold 160,122 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $12.48, for a total transaction of $1,998,322.56. Following the completion of the sale, the senior vice president now directly owns 622,485 shares in the company, valued at approximately $7,768,612.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 618,478 shares of company stock worth $7,151,477. 1.60% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in AMD. Meeder Asset Management Inc. acquired a new stake in shares of Advanced Micro Devices during the first quarter valued at about $100,000. Intellectus Partners LLC acquired a new stake in shares of Advanced Micro Devices during the first quarter valued at about $116,000. Bluestein R H & Co. acquired a new stake in shares of Advanced Micro Devices during the first quarter valued at about $146,000. Harbor Advisors LLC acquired a new stake in shares of Advanced Micro Devices during the first quarter valued at about $146,000. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Advanced Micro Devices during the first quarter valued at about $148,000. 56.84% of the stock is currently owned by 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 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.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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