Advanced Micro Devices, Inc. (NASDAQ:AMD)‘s stock had its “hold” rating reissued by research analysts at Summit Redstone in a report issued on Saturday.

AMD has been the topic of several other reports. Macquarie started coverage on shares of Advanced Micro Devices in a report on Thursday, March 30th. They issued a “neutral” rating and a $14.00 target price on the stock. Goldman Sachs Group, Inc. (The) started coverage on shares of Advanced Micro Devices in a report on Thursday, April 6th. They issued a “sell” rating and a $11.00 target price on the stock. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Advanced Micro Devices in a report on Thursday, April 6th. Canaccord Genuity reiterated a “buy” rating and issued a $17.00 target price on shares of Advanced Micro Devices in a report on Thursday, April 6th. Finally, Sanford C. Bernstein reiterated a “sell” rating on shares of Advanced Micro Devices in a report on Tuesday, April 25th. 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 issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.88.

Advanced Micro Devices (AMD) traded up 0.58% on Friday, hitting $13.88. The company’s stock had a trading volume of 51,045,674 shares. The company’s market capitalization is $13.12 billion. Advanced Micro Devices has a 1-year low of $5.45 and a 1-year high of $15.55. The company has a 50 day moving average price of $12.86 and a 200-day moving average price of $12.56.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Monday, May 1st. The semiconductor manufacturer reported ($0.04) earnings per share 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 business had revenue of $984 million for the quarter, compared to analyst estimates of $984.40 million. During the same period in the prior year, the business posted ($0.12) earnings per share. Advanced Micro Devices’s revenue was up 18.3% compared to the same quarter last year. On average, equities analysts forecast 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, insider Darla M. Smith sold 9,620 shares of Advanced Micro Devices stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $10.98, for a total value of $105,627.60. Following the completion of the sale, the insider now owns 19,808 shares in the company, valued at approximately $217,491.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa T. Su sold 87,500 shares of Advanced Micro Devices stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $10.24, for a total transaction of $896,000.00. Following the completion of the sale, the chief executive officer now owns 1,429,540 shares of the company’s stock, valued at approximately $14,638,489.60. The disclosure for this sale can be found here. Insiders sold a total of 618,478 shares of company stock valued at $7,151,477 in the last quarter. Corporate insiders own 1.60% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Meeder Asset Management Inc. purchased a new position in shares of Advanced Micro Devices during the first quarter valued at approximately $100,000. BlackRock Japan Co. Ltd boosted its position in shares of Advanced Micro Devices by 639.3% in the third quarter. BlackRock Japan Co. Ltd now owns 16,168 shares of the semiconductor manufacturer’s stock valued at $112,000 after buying an additional 13,981 shares during the last quarter. Neuberger Berman Group LLC purchased a new position in shares of Advanced Micro Devices during the second quarter valued at approximately $116,000. Intellectus Partners LLC purchased a new position in shares of Advanced Micro Devices during the first quarter valued at approximately $116,000. Finally, Falcon Point Capital LLC purchased a new position in shares of Advanced Micro Devices during the third quarter valued at approximately $121,000. Institutional investors own 56.84% 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.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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