Advanced Micro Devices, Inc. (NASDAQ:AMD)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity in a research note issued on Friday. They presently have a $20.00 price target on the semiconductor manufacturer’s stock. Canaccord Genuity’s price target suggests a potential upside of 63.27% from the company’s previous close.

AMD has been the topic of several other reports. Morgan Stanley reissued an “equal weight” rating on shares of Advanced Micro Devices in a research note on Monday, May 15th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a $10.60 target price on shares of Advanced Micro Devices in a research note on Monday, June 12th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $15.00 target price on shares of Advanced Micro Devices in a research note on Friday, June 30th. Mizuho reaffirmed a “buy” rating and set a $14.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 17th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $15.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 17th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $13.98.

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

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.04. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the firm posted ($0.05) earnings per share. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. Equities analysts forecast that Advanced Micro Devices will post $0.10 earnings per share for the current year.

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In other news, SVP James Robert Anderson sold 160,122 shares of the company’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $12.48, for a total transaction of $1,998,322.56. Following the transaction, the senior vice president now directly owns 622,485 shares of the company’s stock, valued at $7,768,612.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mubadala Investment Co Pjsc sold 40,000,000 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $525,600,000.00, for a total value of $21,024,000,000,000,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,847,415 shares of company stock worth $21,024,000,023,836,800. Insiders own 1.60% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. acquired a new position in shares of Advanced Micro Devices in the 1st quarter valued at $100,000. Intellectus Partners LLC acquired a new position in shares of Advanced Micro Devices in the 1st quarter valued at $116,000. K.J. Harrison & Partners Inc acquired a new position in shares of Advanced Micro Devices in the 2nd quarter valued at $125,000. ING Groep NV acquired a new position in shares of Advanced Micro Devices in the 1st quarter valued at $127,000. Finally, Regal Investment Advisors LLC acquired a new position in shares of Advanced Micro Devices in the 2nd quarter valued at $137,000. 59.15% of the stock is currently owned by hedge funds and other institutional investors.

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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