Susquehanna Bancshares Lowers Advanced Micro Devices (AMD) Price Target to $13.00
Advanced Micro Devices (NASDAQ:AMD) had its price objective lowered by stock analysts at Susquehanna Bancshares from $15.00 to $13.00 in a research note issued on Thursday. The firm currently has a “neutral” rating on the semiconductor manufacturer’s stock. Susquehanna Bancshares’ price target would indicate a potential upside of 3.17% from the company’s current price.
Other analysts have also recently issued reports about the company. Zacks Investment Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Friday, October 27th. Rosenblatt Securities reaffirmed a “buy” rating and set a $22.00 price objective on shares of Advanced Micro Devices in a report on Thursday, September 21st. Bank of America reaffirmed a “buy” rating on shares of Advanced Micro Devices in a report on Sunday, October 1st. Jefferies Group reaffirmed a “buy” rating and set a $19.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, October 25th. Finally, Mizuho reissued a “buy” rating and set a $17.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, November 28th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $14.64.
Shares of Advanced Micro Devices (NASDAQ:AMD) traded up $0.42 on Thursday, hitting $12.60. The stock had a trading volume of 41,080,000 shares, compared to its average volume of 49,030,000. The stock has a market cap of $12,160.00, a PE ratio of -157.50, a price-to-earnings-growth ratio of 6.21 and a beta of 2.47. Advanced Micro Devices has a twelve month low of $9.42 and a twelve month high of $15.65. The company has a quick ratio of 1.20, a current ratio of 1.70 and a debt-to-equity ratio of 2.61.
In other Advanced Micro Devices news, CAO Darla M. Smith sold 18,001 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $11.37, for a total value of $204,671.37. Following the transaction, the chief accounting officer now owns 19,078 shares of the company’s stock, valued at approximately $216,916.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP James Robert Anderson sold 75,000 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $10.00, for a total value of $750,000.00. Following the completion of the transaction, the senior vice president now directly owns 473,773 shares in the company, valued at approximately $4,737,730. The disclosure for this sale can be found here. Insiders sold a total of 1,759,990 shares of company stock worth $19,885,753 in the last ninety days. 1.60% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in AMD. Bronfman E.L. Rothschild L.P. grew its position in shares of Advanced Micro Devices by 1,655.2% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock worth $111,000 after buying an additional 8,243 shares in the last quarter. First Personal Financial Services bought a new position in shares of Advanced Micro Devices during the 3rd quarter worth $127,000. 1492 Capital Management LLC bought a new position in shares of Advanced Micro Devices during the 3rd quarter worth $128,000. Cetera Investment Advisers bought a new position in shares of Advanced Micro Devices during the 3rd quarter worth $137,000. Finally, Stratos Wealth Partners LTD. bought a new position in shares of Advanced Micro Devices during the 3rd quarter worth $139,000. 60.09% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.