Advanced Micro Devices (NASDAQ:AMD) had its target price hoisted by equities researchers at MKM Partners from $13.00 to $14.50 in a research report issued to clients and investors on Monday. The firm presently has a “buy” rating on the semiconductor manufacturer’s stock. MKM Partners’ target price indicates a potential upside of 10.52% from the company’s current price.
Several other brokerages also recently commented on AMD. Loop Capital reaffirmed a “hold” rating and set a $13.00 price objective (down previously from $14.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 25th. Jefferies Group reaffirmed a “buy” rating and set a $19.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 25th. BNP Paribas raised Advanced Micro Devices from a “neutral” rating to an “outperform” rating in a research note on Thursday, October 12th. BMO Capital Markets reaffirmed a “hold” rating and set a $15.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 18th. Finally, Barclays raised their price objective on Advanced Micro Devices from $9.00 to $10.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 4th. Four 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 presently has a consensus rating of “Hold” and an average price target of $14.59.
Shares of Advanced Micro Devices (NASDAQ:AMD) traded up $0.17 during trading on Monday, reaching $13.12. The company had a trading volume of 27,582,081 shares, compared to its average volume of 55,048,590. The firm has a market cap of $12,900.00, a P/E ratio of -164.00, a PEG ratio of 6.75 and a beta of 2.47. Advanced Micro Devices has a twelve month low of $9.70 and a twelve month high of $15.65. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.70 and a quick ratio of 1.20.
In related news, CFO Devinder Kumar sold 117,120 shares of Advanced Micro Devices stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $12.08, for a total transaction of $1,414,809.60. Following the completion of the transaction, the chief financial officer now owns 698,313 shares in the company, valued at $8,435,621.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark D. Papermaster sold 34,330 shares of Advanced Micro Devices stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $10.62, for a total value of $364,584.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,739,990 shares of company stock worth $19,644,953. 1.60% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. bought a new stake in shares of Advanced Micro Devices in the first quarter valued at approximately $100,000. Intellectus Partners LLC bought a new stake in shares of Advanced Micro Devices in the first quarter valued at approximately $116,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Advanced Micro Devices by 1,655.2% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock valued at $111,000 after buying an additional 8,243 shares during the period. First Personal Financial Services bought a new stake in shares of Advanced Micro Devices in the third quarter valued at approximately $127,000. Finally, Bluestein R H & Co. bought a new stake in shares of Advanced Micro Devices in the first quarter valued at approximately $146,000. Institutional investors and hedge funds own 60.88% 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.