Advanced Micro Devices (NASDAQ:AMD) had its target price upped by research analysts at Credit Suisse Group from $12.00 to $13.50 in a research report issued to clients and investors on Wednesday. The brokerage currently has a “neutral” rating on the semiconductor manufacturer’s stock. Credit Suisse Group’s price target suggests a potential downside of 1.75% from the stock’s current price.
Several other brokerages also recently issued reports on AMD. Loop Capital reissued a “hold” rating and set a $13.00 price target (down previously from $14.00) on shares of Advanced Micro Devices in a report on Wednesday, October 25th. Jefferies Group reissued a “buy” rating and set a $19.00 price target on shares of Advanced Micro Devices in a report on Wednesday, October 25th. BNP Paribas raised shares of Advanced Micro Devices from a “neutral” rating to an “outperform” rating in a report on Thursday, October 12th. BMO Capital Markets reissued a “hold” rating and set a $15.00 price target on shares of Advanced Micro Devices in a report on Wednesday, October 18th. Finally, Barclays boosted their price target on shares of Advanced Micro Devices from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Wednesday, October 4th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $14.42.
Advanced Micro Devices (NASDAQ:AMD) traded up $0.87 during trading on Wednesday, reaching $13.74. 140,560,043 shares of the company’s stock were exchanged, compared to its average volume of 51,340,000. The firm has a market capitalization of $13,260.00, a P/E ratio of -171.75, a PEG ratio of 6.94 and a beta of 2.47. The company has a current ratio of 1.70, a quick ratio of 1.20 and a debt-to-equity ratio of 2.61. Advanced Micro Devices has a 1 year low of $9.70 and a 1 year high of $15.65.
In other Advanced Micro Devices news, CAO Darla M. Smith sold 18,001 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $11.37, for a total value of $204,671.37. Following the sale, the chief accounting officer now directly owns 19,078 shares in the company, valued at $216,916.86. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Lisa T. Su sold 300,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $12.04, for a total transaction of $3,612,000.00. Following the completion of the sale, the chief executive officer now owns 2,157,362 shares in the company, valued at $25,974,638.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,712,702 shares of company stock worth $19,341,237. Company insiders own 1.60% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Bronfman E.L. Rothschild L.P. raised its position in 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 worth $111,000 after acquiring an additional 8,243 shares in the last quarter. First Personal Financial Services bought a new stake in Advanced Micro Devices in the third quarter worth about $127,000. 1492 Capital Management LLC bought a new stake in Advanced Micro Devices in the third quarter worth about $128,000. Cetera Investment Advisers bought a new stake in Advanced Micro Devices in the third quarter worth about $137,000. Finally, Stratos Wealth Partners LTD. bought a new stake in Advanced Micro Devices in the third quarter worth about $139,000. Hedge funds and other institutional investors own 60.88% of the company’s stock.
About Advanced Micro Devices
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.
