Several analysts have recently updated their ratings and price targets for Advanced Micro Devices (NASDAQ: AMD):

  • 10/1/2017 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at Bank of America Corporation.
  • 9/25/2017 – Advanced Micro Devices had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $18.00 price target on the stock.
  • 9/21/2017 – Advanced Micro Devices had its “top pick” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $13.74 price target on the stock, down previously from $19.00.
  • 9/21/2017 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $22.00 price target on the stock.
  • 9/21/2017 – Advanced Micro Devices had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $12.00 price target on the stock.
  • 9/20/2017 – Advanced Micro Devices had its “neutral” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $15.00 price target on the stock.
  • 9/12/2017 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $19.00 price target on the stock.
  • 9/8/2017 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $20.00 price target on the stock.
  • 8/31/2017 – Advanced Micro Devices had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $6.00 price target on the stock.
  • 8/24/2017 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $18.00 price target on the stock.
  • 8/23/2017 – Advanced Micro Devices had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company.
  • 8/23/2017 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at Rosenblatt Securities.
  • 8/16/2017 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $18.00 price target on the stock.
  • 8/15/2017 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $20.00 price target on the stock.
  • 8/10/2017 – Advanced Micro Devices had its “underweight” rating reaffirmed by analysts at Barclays PLC. They now have a $9.00 price target on the stock.
  • 8/10/2017 – Advanced Micro Devices had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company.

Advanced Micro Devices, Inc. (AMD) traded down 1.12% during trading on Wednesday, reaching $13.27. 22,475,599 shares of the company’s stock traded hands. The firm’s 50 day moving average is $12.68 and its 200 day moving average is $12.74. The company’s market cap is $12.56 billion. Advanced Micro Devices, Inc. has a 12 month low of $6.22 and a 12 month high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 EPS 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 firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. The business’s quarterly revenue was up 19.0% on a year-over-year basis. Analysts anticipate that Advanced Micro Devices, Inc. will post $0.10 EPS for the current year.

In other news, SVP Forrest Eugene Norrod sold 62,500 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $15.42, for a total transaction of $963,750.00. Following the sale, the senior vice president now owns 600,301 shares of the company’s stock, valued at $9,256,641.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mubadala Investment Co Pjsc sold 40,000,000 shares of the firm’s stock in a transaction dated 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 three months, insiders have sold 42,074,793 shares of company stock worth $21,024,000,026,636,200. Insiders own 1.60% of the company’s stock.

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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