Advanced Micro Devices, Inc. (AMD) Rating Reiterated by Deutsche Bank AG
Advanced Micro Devices, Inc. (NASDAQ:AMD)‘s stock had its “hold” rating restated by analysts at Deutsche Bank AG in a research report issued to clients and investors on Thursday. They currently have a $12.00 price objective on the semiconductor manufacturer’s stock. Deutsche Bank AG’s price objective would suggest a potential downside of 12.79% from the stock’s current price.
AMD has been the topic of several other reports. Summit Redstone reaffirmed a “hold” rating on shares of Advanced Micro Devices in a report on Saturday, July 22nd. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Advanced Micro Devices in a report on Wednesday, August 23rd. MKM Partners reaffirmed a “neutral” rating and set a $13.00 price objective on shares of Advanced Micro Devices in a report on Friday, July 21st. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Advanced Micro Devices in a report on Friday, July 28th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a $10.60 price objective on shares of Advanced Micro Devices in a report on Monday, June 12th. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Advanced Micro Devices currently has a consensus rating of “Hold” and a consensus price target of $13.89.
Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.04. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) EPS.
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In other Advanced Micro Devices news, insider Darla M. Smith sold 8,172 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $12.85, for a total value of $105,010.20. Following the completion of the sale, the insider now directly owns 34,934 shares in the company, valued at $448,901.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Forrest Eugene Norrod sold 62,500 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $15.42, for a total value of $963,750.00. Following the completion of the sale, the senior vice president now owns 600,301 shares of the company’s stock, valued at $9,256,641.42. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,074,793 shares of company stock worth $21,024,000,026,654,800. 1.60% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. purchased a new stake in Advanced Micro Devices in the first quarter valued at about $100,000. Bluestein R H & Co. purchased a new stake in Advanced Micro Devices in the first quarter valued at about $146,000. Harbor Advisors LLC purchased a new stake in Advanced Micro Devices in the first quarter valued at about $146,000. K.J. Harrison & Partners Inc purchased a new stake in Advanced Micro Devices in the second quarter valued at about $125,000. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Advanced Micro Devices in the first quarter valued at about $148,000. Institutional investors own 59.11% 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.
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