Vetr lowered shares of Advanced Micro Devices (NASDAQ:AMD) from a strong-buy rating to a buy rating in a research report released on Friday. The firm currently has $13.85 price objective on the semiconductor manufacturer’s stock.
AMD has been the subject of several other reports. Credit Suisse Group upped their price objective on Advanced Micro Devices from $10.50 to $12.00 and gave the stock a neutral rating in a research report on Wednesday, October 25th. Jefferies Group reaffirmed a buy rating and issued a $19.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 25th. Bank of America reaffirmed a buy rating on shares of Advanced Micro Devices in a report on Sunday, October 1st. Goldman Sachs Group lowered their target price on Advanced Micro Devices from $11.40 to $10.40 and set a sell rating for the company in a report on Wednesday, November 29th. Finally, Zacks Investment Research raised Advanced Micro Devices from a hold rating to a buy rating and set a $13.00 target price for the company in a report on Friday, October 27th. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $14.56.
Shares of Advanced Micro Devices (NASDAQ:AMD) traded up $0.12 during mid-day trading on Friday, hitting $12.59. The company had a trading volume of 46,140,243 shares, compared to its average volume of 47,850,000. 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 twelve month low of $9.67 and a twelve month high of $15.65. The company has a market cap of $12,260.00, a P/E ratio of -157.38, a P/E/G ratio of 6.50 and a beta of 2.47.
In related news, CAO Darla M. Smith sold 18,001 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $11.37, for a total transaction of $204,671.37. Following the sale, the chief accounting officer now owns 19,078 shares in the company, valued at approximately $216,916.86. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Darla M. Smith sold 27,288 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $11.13, for a total value of $303,715.44. Following the sale, the insider now owns 31,236 shares in the company, valued at approximately $347,656.68. The disclosure for this sale can be found here. In the last three months, insiders sold 1,759,990 shares of company stock valued at $19,885,753. Insiders own 1.60% of the company’s stock.
Several institutional investors have recently made changes to their positions in AMD. Bronfman E.L. Rothschild L.P. boosted its position in shares of Advanced Micro Devices by 1,655.2% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock valued at $111,000 after purchasing an additional 8,243 shares in the last quarter. First Personal Financial Services bought a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at about $127,000. 1492 Capital Management LLC bought a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at about $128,000. Cetera Investment Advisers bought a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at about $137,000. Finally, Ausdal Financial Partners Inc. bought a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at about $139,000. Institutional investors own 60.09% of the company’s stock.
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.
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