Advanced Micro Devices, Inc. (AMD) Upgraded at BNP Paribas

BNP Paribas upgraded shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) from a neutral rating to an outperform rating in a research report sent to investors on Thursday morning, Marketbeat reports.

Other equities analysts have also recently issued reports about the stock. BidaskClub cut shares of Advanced Micro Devices from a strong-buy rating to a buy rating in a research note on Thursday, June 29th. Northland Securities reissued a buy rating and issued a $17.50 target price on shares of Advanced Micro Devices in a research note on Friday, June 23rd. Craig Hallum raised their target price on shares of Advanced Micro Devices from $16.00 to $17.00 and gave the company a buy rating in a research note on Thursday, June 22nd. Vetr cut shares of Advanced Micro Devices from a strong-buy rating to a buy rating and set a $15.64 target price for the company. in a research note on Wednesday, June 21st. Finally, Rosenblatt Securities reissued a buy rating and issued a $20.00 target price on shares of Advanced Micro Devices in a research note on Monday, June 26th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Advanced Micro Devices presently has a consensus rating of Hold and a consensus price target of $13.93.

Shares of Advanced Micro Devices (AMD) traded up 0.14% during mid-day trading on Thursday, hitting $14.22. 37,515,843 shares of the stock were exchanged. Advanced Micro Devices has a 12-month low of $6.22 and a 12-month high of $15.65. The firm has a 50-day moving average price of $12.98 and a 200 day moving average price of $12.73. The company’s market capitalization is $13.46 billion.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the business earned ($0.05) earnings per share. The firm’s revenue was up 19.0% on a year-over-year basis. On average, equities research analysts expect that Advanced Micro Devices will post $0.10 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Advanced Micro Devices, Inc. (AMD) Upgraded at BNP Paribas” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/10/15/advanced-micro-devices-inc-amd-upgraded-at-bnp-paribas.html.

In other Advanced Micro Devices news, SVP Forrest Eugene Norrod sold 62,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $15.42, for a total value of $963,750.00. Following the transaction, the senior vice president now directly owns 600,301 shares of the company’s stock, valued at $9,256,641.42. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP James Robert Anderson sold 20,000 shares of the business’s 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 completion of the transaction, the senior vice president now directly owns 422,363 shares in the company, valued at $5,875,069.33. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,157,502 shares of company stock worth $21,024,000,027,762,700. Insiders own 1.60% of the company’s stock.

Several large investors have recently modified their holdings of the company. Coldstream Capital Management Inc. raised its position in shares of Advanced Micro Devices by 0.3% during the second quarter. Coldstream Capital Management Inc. now owns 20,735 shares of the semiconductor manufacturer’s stock worth $259,000 after purchasing an additional 60 shares during the period. Wealthfront Inc. raised its position in shares of Advanced Micro Devices by 0.5% during the second quarter. Wealthfront Inc. now owns 20,050 shares of the semiconductor manufacturer’s stock worth $250,000 after purchasing an additional 104 shares during the period. North Star Asset Management Inc. raised its position in shares of Advanced Micro Devices by 1.5% during the first quarter. North Star Asset Management Inc. now owns 15,330 shares of the semiconductor manufacturer’s stock worth $223,000 after purchasing an additional 233 shares during the period. Neuberger Berman Group LLC raised its position in shares of Advanced Micro Devices by 0.4% during the second quarter. Neuberger Berman Group LLC now owns 70,113 shares of the semiconductor manufacturer’s stock worth $875,000 after purchasing an additional 272 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Advanced Micro Devices by 0.6% during the second quarter. Commonwealth of Pennsylvania Pu

Other equities analysts have also recently issued reports about the stock. BidaskClub cut shares of Advanced Micro Devices from a strong-buy rating to a buy rating in a research note on Thursday, June 29th. Northland Securities reissued a buy rating and issued a $17.50 target price on shares of Advanced Micro Devices in a research note on Friday, June 23rd. Craig Hallum raised their target price on shares of Advanced Micro Devices from $16.00 to $17.00 and gave the company a buy rating in a research note on Thursday, June 22nd. Vetr cut shares of Advanced Micro Devices from a strong-buy rating to a buy rating and set a $15.64 target price for the company. in a research note on Wednesday, June 21st. Finally, Rosenblatt Securities reissued a buy rating and issued a $20.00 target price on shares of Advanced Micro Devices in a research note on Monday, June 26th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Advanced Micro Devices presently has a consensus rating of Hold and a consensus price target of $13.93.

Shares of Advanced Micro Devices (AMD) traded up 0.14% during mid-day trading on Thursday, hitting $14.22. 37,515,843 shares of the stock were exchanged. Advanced Micro Devices has a 12-month low of $6.22 and a 12-month high of $15.65. The firm has a 50-day moving average price of $12.98 and a 200 day moving average price of $12.73. The company’s market capitalization is $13.46 billion.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the business earned ($0.05) earnings per share. The firm’s revenue was up 19.0% on a year-over-year basis. On average, equities research analysts expect that Advanced Micro Devices will post $0.10 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Advanced Micro Devices, Inc. (AMD) Upgraded at BNP Paribas” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/10/15/advanced-micro-devices-inc-amd-upgraded-at-bnp-paribas.html.

In other Advanced Micro Devices news, SVP Forrest Eugene Norrod sold 62,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $15.42, for a total value of $963,750.00. Following the transaction, the senior vice president now directly owns 600,301 shares of the company’s stock, valued at $9,256,641.42. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP James Robert Anderson sold 20,000 shares of the business’s 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 completion of the transaction, the senior vice president now directly owns 422,363 shares in the company, valued at $5,875,069.33. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,157,502 shares of company stock worth $21,024,000,027,762,700. Insiders own 1.60% of the company’s stock.

Several large investors have recently modified their holdings of the company. Coldstream Capital Management Inc. raised its position in shares of Advanced Micro Devices by 0.3% during the second quarter. Coldstream Capital Management Inc. now owns 20,735 shares of the semiconductor manufacturer’s stock worth $259,000 after purchasing an additional 60 shares during the period. Wealthfront Inc. raised its position in shares of Advanced Micro Devices by 0.5% during the second quarter. Wealthfront Inc. now owns 20,050 shares of the semiconductor manufacturer’s stock worth $250,000 after purchasing an additional 104 shares during the period. North Star Asset Management Inc. raised its position in shares of Advanced Micro Devices by 1.5% during the first quarter. North Star Asset Management Inc. now owns 15,330 shares of the semiconductor manufacturer’s stock worth $223,000 after purchasing an additional 233 shares during the period. Neuberger Berman Group LLC raised its position in shares of Advanced Micro Devices by 0.4% during the second quarter. Neuberger Berman Group LLC now owns 70,113 shares of the semiconductor manufacturer’s stock worth $875,000 after purchasing an additional 272 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Advanced Micro Devices by 0.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 57,571 shares of the semiconductor manufacturer’s stock worth $718,000 after purchasing an additional 348 shares during the period. 59.11% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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