Advanced Micro Devices (AMD) Downgraded by Vetr

Advanced Micro Devices (NASDAQ:AMD) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday. They presently have a $13.85 price objective on the semiconductor manufacturer’s stock. Vetr‘s target price suggests a potential upside of 10.01% from the company’s previous close.

Several other equities research analysts also recently weighed in on AMD. Jefferies Group reaffirmed a “top pick” rating and issued a $13.74 price objective (down previously from $19.00) on shares of Advanced Micro Devices in a report on Thursday, September 21st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Advanced Micro Devices in a report on Thursday, September 21st. Deutsche Bank reaffirmed a “hold” rating and issued a $12.00 price objective on shares of Advanced Micro Devices in a report on Thursday, September 21st. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $18.00 price objective on shares of Advanced Micro Devices in a report on Monday, September 25th. Finally, Bank of America reaffirmed a “buy” rating on shares of Advanced Micro Devices in a report on Sunday, October 1st. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $14.56.

Advanced Micro Devices (AMD) traded up $0.12 during mid-day trading on Friday, reaching $12.59. 45,638,452 shares of the company traded hands, compared to its average volume of 47,170,000. The firm has a market capitalization of $12,150.00, a P/E ratio of -157.38, a P/E/G ratio of 6.56 and a beta of 2.47. Advanced Micro Devices has a 1-year low of $9.67 and a 1-year 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, insider Darla M. Smith sold 27,288 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $11.13, for a total transaction of $303,715.44. Following the sale, the insider now owns 31,236 shares in the company, valued at approximately $347,656.68. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Harry A. Wolin sold 38,983 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $10.95, for a total value of $426,863.85. Following the sale, the senior vice president now owns 969,858 shares in the company, valued at approximately $10,619,945.10. The disclosure for this sale can be found here. Insiders sold a total of 1,759,990 shares of company stock valued at $19,885,753 over the last three months. 1.60% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Advanced Micro Devices by 6.6% during the 2nd quarter. Vanguard Group Inc. now owns 93,092,619 shares of the semiconductor manufacturer’s stock worth $1,161,796,000 after buying an additional 5,797,819 shares during the period. CI Investments Inc. increased its holdings in shares of Advanced Micro Devices by 312.3% in the 3rd quarter. CI Investments Inc. now owns 7,322,893 shares of the semiconductor manufacturer’s stock valued at $93,367,000 after purchasing an additional 5,546,993 shares during the period. Legal & General Group Plc increased its holdings in shares of Advanced Micro Devices by 2.9% in the 3rd quarter. Legal & General Group Plc now owns 4,041,764 shares of the semiconductor manufacturer’s stock valued at $51,531,000 after purchasing an additional 114,073 shares during the period. American Century Companies Inc. acquired a new position in shares of Advanced Micro Devices in the 3rd quarter valued at about $49,674,000. Finally, Janus Henderson Group PLC increased its holdings in shares of Advanced Micro Devices by 3,815.8% in the 2nd quarter. Janus Henderson Group PLC now owns 3,833,805 shares of the semiconductor manufacturer’s stock valued at $47,845,000 after purchasing an additional 3,735,900 shares during the period. Hedge funds and other institutional investors own 60.09% of the company’s stock.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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