Advanced Micro Devices, Inc. (NASDAQ:AMD)‘s stock had its “neutral” rating reiterated by MKM Partners in a research report issued on Friday. They presently have a $13.00 price target on the semiconductor manufacturer’s stock. MKM Partners’ target price would suggest a potential downside of 6.34% from the company’s previous close.

Several other research firms have also commented on AMD. Canaccord Genuity restated a “buy” rating and issued a $17.00 price objective on shares of Advanced Micro Devices in a research note on Friday, May 19th. Zacks Investment Research raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Monday, May 1st. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Advanced Micro Devices in a report on Friday, May 19th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 17th. Finally, Mizuho upped their target price on shares of Advanced Micro Devices from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, May 2nd. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $12.88.

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

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Monday, May 1st. The semiconductor manufacturer reported ($0.04) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.04). The business had revenue of $984 million during the quarter, compared to analyst estimates of $984.40 million. Advanced Micro Devices had a negative net margin of 10.42% and a negative return on equity of 76.29%. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.12) EPS. On average, equities analysts anticipate that Advanced Micro Devices will post $0.07 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Advanced Micro Devices, Inc. (NASDAQ:AMD) Receives Neutral Rating from MKM Partners” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/07/22/advanced-micro-devices-inc-nasdaqamd-receives-neutral-rating-from-mkm-partners.html.

In other news, CFO Devinder Kumar sold 94,199 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $10.20, for a total transaction of $960,829.80. Following the transaction, the chief financial officer now directly owns 746,635 shares of the company’s stock, valued at $7,615,677. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP James Robert Anderson sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $14.19, for a total transaction of $283,800.00. Following the transaction, the senior vice president now directly owns 442,363 shares in the company, valued at $6,277,130.97. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 618,478 shares of company stock worth $7,151,477. Corporate insiders own 1.60% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in Advanced Micro Devices by 21.9% in the first quarter. Vanguard Group Inc. now owns 87,294,800 shares of the semiconductor manufacturer’s stock worth $1,270,140,000 after buying an additional 15,661,774 shares in the last quarter. Wellington Management Group LLP increased its position in Advanced Micro Devices by 5,764.6% in the first quarter. Wellington Management Group LLP now owns 14,181,305 shares of the semiconductor manufacturer’s stock worth $206,339,000 after buying an additional 13,939,494 shares in the last quarter. Teachers Advisors LLC increased its position in Advanced Micro Devices by 14.2% in the fourth quarter. Teachers Advisors LLC now owns 12,308,204 shares of the semiconductor manufacturer’s stock worth $139,575,000 after buying an additional 1,526,306 shares in the last quarter. Geode Capital Management LLC increased its position in Advanced Micro Devices by 31.7% in the first quarter. Geode Capital Management LLC now owns 9,210,323 shares of the semiconductor manufacturer’s stock worth $133,854,000 after buying an additional 2,215,111 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. acquired a new position in Advanced Micro Devices during the first quarter worth about $129,039,000. 56.84% of the stock is currently owned by institutional investors and hedge funds.

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)

Receive News & Ratings for Advanced Micro Devices Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices Inc. and related companies with MarketBeat.com's FREE daily email newsletter.