Advanced Micro Devices (AMD) Downgraded by Vetr
Vetr cut shares of Advanced Micro Devices (NASDAQ:AMD) from a strong-buy rating to a buy rating in a research report sent to investors on Friday morning. Vetr currently has $13.85 price objective on the semiconductor manufacturer’s stock.
Several other research analysts have also recently weighed in on AMD. Jefferies Group reaffirmed a top pick rating and set a $13.74 target price (down previously from $19.00) on shares of Advanced Micro Devices in a research note on Thursday, September 21st. Rosenblatt Securities reaffirmed a buy rating and set a $22.00 target price on shares of Advanced Micro Devices in a research note on Thursday, September 21st. Deutsche Bank reaffirmed a hold rating and set a $12.00 target price on shares of Advanced Micro Devices in a research note on Thursday, September 21st. Wells Fargo & Co reiterated an outperform rating and issued a $18.00 price target on shares of Advanced Micro Devices in a research report on Monday, September 25th. Finally, Bank of America reiterated a buy rating on shares of Advanced Micro Devices in a research report on Sunday, October 1st. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $14.56.
Shares of Advanced Micro Devices (NASDAQ:AMD) traded up $0.12 during mid-day trading on Friday, reaching $12.59. The company had a trading volume of 46,800,600 shares, compared to its average volume of 63,539,715. Advanced Micro Devices has a fifty-two week low of $9.67 and a fifty-two week high of $15.65. The company has a market capitalization of $12,080.00, a PE ratio of -157.38, a P/E/G ratio of 6.56 and a beta of 2.47. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.70 and a quick ratio of 1.20.
Several institutional investors and hedge funds have recently bought and sold shares of AMD. Bronfman E.L. Rothschild L.P. raised its stake 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 worth $111,000 after purchasing an additional 8,243 shares in the last quarter. First Personal Financial Services purchased a new stake in shares of Advanced Micro Devices during the 3rd quarter worth about $127,000. 1492 Capital Management LLC purchased a new stake in shares of Advanced Micro Devices during the 3rd quarter worth about $128,000. Cetera Investment Advisers purchased a new stake in shares of Advanced Micro Devices during the 3rd quarter worth about $137,000. Finally, Ausdal Financial Partners Inc. bought a new position in shares of Advanced Micro Devices in the 3rd quarter valued at approximately $139,000. 60.81% of the stock is owned by institutional investors.
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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.
To view Vetr’s full report, visit Vetr’s official website.
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