Advanced Micro Devices, Inc. (NASDAQ:AMD)‘s stock had its “hold” rating reissued by analysts at Stifel Nicolaus in a report released on Saturday. They presently have a $11.00 price target on the semiconductor manufacturer’s stock. Stifel Nicolaus’ target price indicates a potential downside of 20.75% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. MKM Partners restated a “neutral” rating and set a $13.00 target price on shares of Advanced Micro Devices in a report on Friday. Summit Redstone restated a “hold” rating on shares of Advanced Micro Devices in a report on Saturday. Rosenblatt Securities restated a “buy” rating and set a $20.00 target price on shares of Advanced Micro Devices in a report on Tuesday. Barclays PLC cut shares of Advanced Micro Devices from an “equal weight” rating to an “underweight” rating and set a $9.00 target price for the company. in a report on Tuesday. Finally, Canaccord Genuity restated a “buy” rating and set a $20.00 target price on shares of Advanced Micro Devices in a report on Monday, July 17th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $12.88.

Advanced Micro Devices (NASDAQ:AMD) traded up 0.58% during midday trading on Friday, reaching $13.88. The company had a trading volume of 51,045,674 shares. The company’s market capitalization is $13.12 billion. Advanced Micro Devices has a 52-week low of $5.45 and a 52-week high of $15.55. The company’s 50 day moving average is $12.86 and its 200-day moving average is $12.56.

Advanced Micro Devices (NASDAQ:AMD) last posted 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). Advanced Micro Devices had a negative net margin of 10.42% and a negative return on equity of 76.29%. The business had revenue of $984 million for the quarter, compared to analyst estimates of $984.40 million. During the same quarter last year, the business earned ($0.12) earnings per share. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. Equities analysts expect that Advanced Micro Devices will post $0.07 earnings per share for the current fiscal year.

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In other news, insider Darla M. Smith sold 17,028 shares of Advanced Micro Devices stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $10.25, for a total transaction of $174,537.00. Following the sale, the insider now directly owns 29,147 shares in the company, valued at approximately $298,756.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP James Robert Anderson sold 20,000 shares of Advanced Micro Devices stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $10.86, for a total transaction of $217,200.00. Following the sale, the senior vice president now owns 300,334 shares in the company, valued at $3,261,627.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 618,478 shares of company stock worth $7,151,477. Insiders own 1.60% of the company’s stock.

Several hedge funds have recently modified their holdings of AMD. Quantitative Systematic Strategies LLC acquired a new stake in shares of Advanced Micro Devices during the second quarter valued at $285,000. Wright Investors Service Inc. raised its stake in shares of Advanced Micro Devices by 41.6% in the second quarter. Wright Investors Service Inc. now owns 35,175 shares of the semiconductor manufacturer’s stock valued at $439,000 after buying an additional 10,335 shares during the period. Sapphire Star Partners LP acquired a new stake in shares of Advanced Micro Devices during the second quarter valued at $187,000. Oakbrook Investments LLC raised its stake in shares of Advanced Micro Devices by 144.9% in the second quarter. Oakbrook Investments LLC now owns 58,650 shares of the semiconductor manufacturer’s stock valued at $732,000 after buying an additional 34,700 shares during the period. Finally, Viking Fund Management LLC acquired a new stake in shares of Advanced Micro Devices during the second quarter valued at $374,000. Institutional investors and hedge funds own 56.84% 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.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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