Advanced Micro Devices, Inc. (NASDAQ:AMD)‘s stock had its “hold” rating restated by equities research analysts at Deutsche Bank AG in a research report issued on Wednesday. They presently have a $12.00 price target on the semiconductor manufacturer’s stock, up from their previous price target of $10.00. Deutsche Bank AG’s price objective would indicate a potential downside of 18.70% from the company’s current price.

A number of other equities analysts have also recently commented on the stock. Canaccord Genuity reiterated a “buy” rating and issued a $17.00 target price on shares of Advanced Micro Devices in a research report on Thursday, April 6th. Craig Hallum lifted their target price on shares of Advanced Micro Devices from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, June 22nd. Bank of America Corporation reiterated a “buy” rating on shares of Advanced Micro Devices in a research report on Tuesday, May 9th. Wells Fargo & Company reiterated an “outperform” rating and issued a $15.00 target price on shares of Advanced Micro Devices in a research report on Friday, June 30th. Finally, Vetr upgraded shares of Advanced Micro Devices from a “buy” rating to a “strong-buy” rating and set a $15.99 target price on the stock in a research report on Monday, June 26th. Five research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Advanced Micro Devices presently has a consensus rating of “Hold” and an average target price of $13.72.

Shares of Advanced Micro Devices (NASDAQ:AMD) traded up 4.61% on Wednesday, hitting $14.76. 235,923,960 shares of the stock traded hands. The stock has a 50-day moving average price of $13.04 and a 200 day moving average price of $12.60. The firm’s market cap is $13.95 billion. Advanced Micro Devices has a 52 week low of $5.45 and a 52 week high of $15.65. Advanced Micro Devices also saw unusually large options trading activity on Tuesday. Stock investors bought 127,375 put options on the company. This represents an increase of approximately 209% compared to the typical daily volume of 41,215 put options.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Advanced Micro Devices had a negative net margin of 10.42% and a negative return on equity of 76.29%. The firm’s revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.05) EPS. Equities research analysts predict that Advanced Micro Devices will post $0.07 EPS for the current fiscal year.

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In other Advanced Micro Devices news, CFO Devinder Kumar sold 94,199 shares of Advanced Micro Devices stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $10.20, for a total value of $960,829.80. Following the completion of 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 Securities & Exchange Commission, which can be accessed through this link. Also, insider Darla M. Smith sold 17,028 shares of Advanced Micro Devices stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $10.25, for a total transaction of $174,537.00. Following the completion of the transaction, the insider now directly owns 29,147 shares of the company’s stock, valued at $298,756.75. The disclosure for this sale can be found here. Insiders sold 618,478 shares of company stock valued at $7,151,477 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in shares of Advanced Micro Devices during the first quarter valued at about $100,000. Intellectus Partners LLC purchased a new position in shares of Advanced Micro Devices during the first quarter valued at about $116,000. ING Groep NV purchased a new position in shares of Advanced Micro Devices during the first quarter valued at about $127,000. Bluestein R H & Co. purchased a new position in shares of Advanced Micro Devices during the first quarter valued at about $146,000. Finally, Harbor Advisors LLC purchased a new position in shares of Advanced Micro Devices during the first quarter valued at about $146,000. 56.93% of the stock is 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)

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