Advanced Micro Devices, Inc. (NASDAQ:AMD) has been assigned a consensus recommendation of “Hold” from the thirty-two brokerages that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $13.67.

Several equities analysts recently weighed in on the stock. Canaccord Genuity reaffirmed a “buy” rating and issued a $20.00 price target on shares of Advanced Micro Devices in a research report on Friday. Morgan Stanley reiterated an “equal weight” rating and issued a $6.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, August 31st. Bank of America Corporation reiterated a “buy” rating and issued a $18.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, August 24th. Rosenblatt Securities reiterated a “buy” rating on shares of Advanced Micro Devices in a research note on Wednesday, August 23rd. Finally, Wells Fargo & Company reiterated an “outperform” rating on shares of Advanced Micro Devices in a research note on Wednesday, August 23rd.

Advanced Micro Devices (NASDAQ:AMD) traded down 3.01% during mid-day trading on Friday, hitting $12.25. The company had a trading volume of 60,886,232 shares. The firm’s market capitalization is $11.60 billion. The company’s 50 day moving average price is $12.98 and its 200-day moving average price is $12.89. Advanced Micro Devices has a 12-month low of $5.66 and a 12-month high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.04. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the firm earned ($0.05) EPS. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. On average, analysts forecast that Advanced Micro Devices will post $0.10 EPS for the current fiscal year.

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In other Advanced Micro Devices news, CAO Darla M. Smith sold 11,810 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $12.17, for a total value of $143,727.70. Following the transaction, the chief accounting officer now owns 31,291 shares in the company, valued at $380,811.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mubadala Investment Co Pjsc sold 40,000,000 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $525,600,000.00, for a total transaction of $21,024,000,000,000,000.00. The disclosure for this sale can be found here. Insiders sold 41,847,415 shares of company stock valued at $21,024,000,023,836,800 over the last three months. 1.60% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. purchased a new position in shares of Advanced Micro Devices in the first quarter valued at about $100,000. Intellectus Partners LLC purchased a new position in shares of Advanced Micro Devices in the first quarter valued at about $116,000. K.J. Harrison & Partners Inc purchased a new position in shares of Advanced Micro Devices in the second quarter valued at about $125,000. ING Groep NV purchased a new position in shares of Advanced Micro Devices in the first quarter valued at about $127,000. Finally, Regal Investment Advisors LLC purchased a new position in shares of Advanced Micro Devices in the second quarter valued at about $137,000. Hedge funds and other institutional investors own 59.15% 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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