Advanced Micro Devices (NASDAQ:AMD) had its price objective lowered by Bank of America from $18.00 to $15.00 in a research report sent to investors on Friday morning. Bank of America currently has a buy rating on the semiconductor manufacturer’s stock.
AMD has been the topic of a number of other research reports. Susquehanna Bancshares reiterated a negative rating on shares of Advanced Micro Devices in a research note on Monday, March 26th. Vetr upgraded Advanced Micro Devices from a sell rating to a hold rating and set a $13.28 target price on the stock in a research note on Monday, February 5th. Stifel Nicolaus upgraded Advanced Micro Devices from a hold rating to a buy rating and set a $13.00 target price on the stock in a research note on Wednesday, April 4th. UBS started coverage on Advanced Micro Devices in a research note on Wednesday, April 4th. They issued a neutral rating and a $11.00 target price on the stock. Finally, Barclays dropped their price target on Advanced Micro Devices from $10.00 to $9.00 and set an underweight rating on the stock in a research report on Thursday. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $14.58.
AMD stock traded down $0.12 during midday trading on Friday, reaching $9.99. The company’s stock had a trading volume of 38,861,471 shares, compared to its average volume of 49,426,460. The company has a quick ratio of 1.27, a current ratio of 1.76 and a debt-to-equity ratio of 2.17. Advanced Micro Devices has a 1 year low of $9.04 and a 1 year high of $15.65. The firm has a market cap of $9,797.92, a price-to-earnings ratio of 124.88, a PEG ratio of 4.11 and a beta of 2.86.
Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. Advanced Micro Devices had a return on equity of 16.76% and a net margin of 0.81%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the firm posted ($0.01) earnings per share. The business’s revenue was up 33.8% compared to the same quarter last year. research analysts expect that Advanced Micro Devices will post 0.32 EPS for the current year.
In other Advanced Micro Devices news, SVP Harry A. Wolin sold 46,875 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $12.27, for a total value of $575,156.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Forrest Eugene Norrod sold 62,500 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $11.58, for a total value of $723,750.00. Following the completion of the sale, the senior vice president now directly owns 718,772 shares of the company’s stock, valued at approximately $8,323,379.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 792,824 shares of company stock worth $9,514,713. 1.80% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. OppenheimerFunds Inc. boosted its holdings in Advanced Micro Devices by 10.1% in the fourth quarter. OppenheimerFunds Inc. now owns 22,076,133 shares of the semiconductor manufacturer’s stock worth $226,943,000 after acquiring an additional 2,022,320 shares in the last quarter. TIAA CREF Investment Management LLC boosted its holdings in Advanced Micro Devices by 23.1% in the fourth quarter. TIAA CREF Investment Management LLC now owns 12,246,187 shares of the semiconductor manufacturer’s stock worth $125,891,000 after acquiring an additional 2,295,080 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Advanced Micro Devices by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 9,486,698 shares of the semiconductor manufacturer’s stock worth $97,337,000 after acquiring an additional 386,063 shares in the last quarter. Teachers Advisors LLC boosted its holdings in Advanced Micro Devices by 40.4% in the fourth quarter. Teachers Advisors LLC now owns 9,142,340 shares of the semiconductor manufacturer’s stock worth $93,983,000 after acquiring an additional 2,629,584 shares in the last quarter. Finally, CI Investments Inc. boosted its holdings in Advanced Micro Devices by 17.3% in the fourth quarter. CI Investments Inc. now owns 8,593,176 shares of the semiconductor manufacturer’s stock worth $88,338,000 after acquiring an additional 1,270,283 shares in the last quarter. 62.19% of the stock is owned by institutional investors and hedge funds.
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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.
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