Advanced Micro Devices, Inc. (NASDAQ:AMD) was upgraded by investment analysts at BNP Paribas from a “neutral” rating to an “outperform” rating in a research report issued on Thursday.

Several other equities analysts have also recently issued reports on AMD. Bank of America Corporation reiterated a “buy” rating and set a $18.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, August 16th. Barclays PLC reiterated an “underweight” rating and set a $9.00 price target on shares of Advanced Micro Devices in a research report on Thursday, August 10th. Pacific Crest reiterated an “equal weight” rating on shares of Advanced Micro Devices in a research report on Tuesday, June 20th. Canaccord Genuity reiterated a “buy” rating and set a $20.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, August 15th. Finally, Wells Fargo & Company reiterated an “outperform” rating on shares of Advanced Micro Devices in a research report on Thursday, August 10th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Advanced Micro Devices has an average rating of “Hold” and a consensus target price of $13.93.

Shares of Advanced Micro Devices (NASDAQ AMD) traded up 2.31% during mid-day trading on Thursday, reaching $14.20. The company’s stock had a trading volume of 69,524,952 shares. The company’s 50-day moving average is $12.86 and its 200 day moving average is $12.73. The firm’s market cap is $13.44 billion. Advanced Micro Devices has a 12 month low of $6.22 and a 12 month high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the company earned ($0.05) earnings per share. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. On average, equities analysts anticipate that Advanced Micro Devices will post $0.10 EPS for the current year.

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In other Advanced Micro Devices news, SVP James Robert Anderson sold 20,000 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $13.91, for a total value of $278,200.00. Following the transaction, the senior vice president now directly owns 422,363 shares in the company, valued at $5,875,069.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Darla M. Smith sold 11,810 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $12.17, for a total transaction of $143,727.70. Following the completion of the transaction, the chief accounting officer now owns 31,291 shares in the company, valued at $380,811.47. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,157,502 shares of company stock worth $21,024,000,027,762,700. 1.60% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMD. US Bancorp DE raised its position in Advanced Micro Devices by 10.0% in the first quarter. US Bancorp DE now owns 11,001 shares of the semiconductor manufacturer’s stock worth $160,000 after acquiring an additional 1,003 shares during the period. UBS Asset Management Americas Inc. raised its position in Advanced Micro Devices by 392.1% in the first quarter. UBS Asset Management Americas Inc. now owns 1,995,898 shares of the semiconductor manufacturer’s stock worth $29,040,000 after acquiring an additional 1,590,293 shares during the period. Sei Investments Co. raised its position in Advanced Micro Devices by 807.4% in the first quarter. Sei Investments Co. now owns 49,879 shares of the semiconductor manufacturer’s stock worth $726,000 after acquiring an additional 44,382 shares during the period. M&T Bank Corp raised its position in Advanced Micro Devices by 51.0% in the first quarter. M&T Bank Corp now owns 15,220 shares of the semiconductor manufacturer’s stock worth $221,000 after acquiring an additional 5,139 shares during the period. Finally, Stifel Financial Corp raised its position in Advanced Micro Devices by 229.1% in the first quarter. Stifel Financial Corp now owns 71,749 shares of the semiconductor manufacturer’s stock worth $1,040,000 after acquiring an additional 49,945 shares during the period. Institutional investors and hedge funds own 59.11% 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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