BMO Capital Markets Reaffirms Hold Rating for Advanced Micro Devices, Inc. (AMD)

Advanced Micro Devices, Inc. (NASDAQ:AMD)‘s stock had its “hold” rating reaffirmed by equities research analysts at BMO Capital Markets in a research note issued to investors on Wednesday. They presently have a $15.00 price target on the semiconductor manufacturer’s stock. BMO Capital Markets’ target price points to a potential upside of 5.93% from the company’s current price.

A number of other equities analysts also recently weighed in on AMD. Pacific Crest reissued an “equal weight” rating on shares of Advanced Micro Devices in a research note on Tuesday, June 20th. Canaccord Genuity lifted their target price on shares of Advanced Micro Devices from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, June 21st. Jefferies Group LLC reissued a “buy” rating and set a $12.50 target price (down previously from $16.00) on shares of Advanced Micro Devices in a research note on Wednesday, June 21st. Wells Fargo & Company reissued an “outperform” rating and set a $15.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, June 21st. Finally, Morgan Stanley reissued an “equal weight” rating and set a $11.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, June 21st. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $13.93.

Shares of Advanced Micro Devices (AMD) opened at 14.16 on Wednesday. The company’s market cap is $13.41 billion. The firm’s 50 day moving average is $12.98 and its 200 day moving average is $12.73. Advanced Micro Devices has a 12 month low of $6.22 and a 12 month high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.04. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.16 billion. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.05) earnings per share. On average, equities analysts predict that Advanced Micro Devices will post $0.10 earnings per share for the current year.

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In other Advanced Micro Devices news, insider Darla M. Smith sold 8,172 shares of Advanced Micro Devices stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $12.85, for a total value of $105,010.20. Following the sale, the insider now owns 34,934 shares of the company’s stock, valued at $448,901.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Devinder Kumar sold 86,875 shares of Advanced Micro Devices stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $12.08, for a total transaction of $1,049,450.00. Following the completion of the sale, the chief financial officer now directly owns 775,771 shares in the company, valued at approximately $9,371,313.68. The disclosure for this sale can be found here. In the last ninety days, 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.

Hedge funds have recently made changes to their positions in the business. Baillie Gifford & Co. bought a new stake in Advanced Micro Devices in the second quarter worth about $184,767,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Advanced Micro Devices by 51.7% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 200,824 shares of the semiconductor manufacturer’s stock worth $2,506,000 after acquiring an additional 68,462 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Advanced Micro Devices by 20.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,983 shares of the semiconductor manufacturer’s stock worth $1,997,000 after acquiring an additional 27,233 shares during the period. KBC Group NV raised its position in Advanced Micro Devices by 16.0% in the second quarter. KBC Group NV now owns 106,877 shares of the semiconductor manufacturer’s stock worth $1,334,000 after acquiring an additional 14,715 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in Advanced Micro Devices by 48.3% in the second quarter. Mitsubishi UF

A number of other equities analysts also recently weighed in on AMD. Pacific Crest reissued an “equal weight” rating on shares of Advanced Micro Devices in a research note on Tuesday, June 20th. Canaccord Genuity lifted their target price on shares of Advanced Micro Devices from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, June 21st. Jefferies Group LLC reissued a “buy” rating and set a $12.50 target price (down previously from $16.00) on shares of Advanced Micro Devices in a research note on Wednesday, June 21st. Wells Fargo & Company reissued an “outperform” rating and set a $15.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, June 21st. Finally, Morgan Stanley reissued an “equal weight” rating and set a $11.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, June 21st. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $13.93.

Shares of Advanced Micro Devices (AMD) opened at 14.16 on Wednesday. The company’s market cap is $13.41 billion. The firm’s 50 day moving average is $12.98 and its 200 day moving average is $12.73. Advanced Micro Devices has a 12 month low of $6.22 and a 12 month high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.04. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.16 billion. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.05) earnings per share. On average, equities analysts predict that Advanced Micro Devices will post $0.10 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This report was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/18/bmo-capital-markets-reaffirms-hold-rating-for-advanced-micro-devices-inc-amd.html.

In other Advanced Micro Devices news, insider Darla M. Smith sold 8,172 shares of Advanced Micro Devices stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $12.85, for a total value of $105,010.20. Following the sale, the insider now owns 34,934 shares of the company’s stock, valued at $448,901.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Devinder Kumar sold 86,875 shares of Advanced Micro Devices stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $12.08, for a total transaction of $1,049,450.00. Following the completion of the sale, the chief financial officer now directly owns 775,771 shares in the company, valued at approximately $9,371,313.68. The disclosure for this sale can be found here. In the last ninety days, 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.

Hedge funds have recently made changes to their positions in the business. Baillie Gifford & Co. bought a new stake in Advanced Micro Devices in the second quarter worth about $184,767,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Advanced Micro Devices by 51.7% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 200,824 shares of the semiconductor manufacturer’s stock worth $2,506,000 after acquiring an additional 68,462 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Advanced Micro Devices by 20.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,983 shares of the semiconductor manufacturer’s stock worth $1,997,000 after acquiring an additional 27,233 shares during the period. KBC Group NV raised its position in Advanced Micro Devices by 16.0% in the second quarter. KBC Group NV now owns 106,877 shares of the semiconductor manufacturer’s stock worth $1,334,000 after acquiring an additional 14,715 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in Advanced Micro Devices by 48.3% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,363,776 shares of the semiconductor manufacturer’s stock worth $29,500,000 after acquiring an additional 769,739 shares during the period. 59.11% of the stock is currently owned by institutional investors and hedge funds.

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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