Vetr lowered shares of Advanced Micro Devices (NASDAQ:AMD) from a strong-buy rating to a buy rating in a research note published on Wednesday. Vetr currently has $13.61 price target on the semiconductor manufacturer’s stock.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Advanced Micro Devices from a buy rating to a hold rating in a research note on Monday, February 5th. BidaskClub downgraded shares of Advanced Micro Devices from a hold rating to a sell rating in a research note on Tuesday, December 5th. Susquehanna Bancshares cut their target price on shares of Advanced Micro Devices from $15.00 to $13.00 and set a neutral rating for the company in a research note on Thursday, January 18th. Argus upgraded shares of Advanced Micro Devices from a hold rating to a buy rating and raised their target price for the company from $13.74 to $18.00 in a research note on Thursday, February 1st. Finally, Jefferies Group reiterated a buy rating and issued a $19.00 target price on shares of Advanced Micro Devices in a research note on Friday, November 10th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $14.88.

Advanced Micro Devices (AMD) opened at $12.20 on Wednesday. The firm has a market capitalization of $11,365.33, a PE ratio of 406.67, a PEG ratio of 5.02 and a beta of 2.70. 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 $9.70 and a 1-year high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.04. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Advanced Micro Devices had a return on equity of 16.76% and a net margin of 0.81%. Advanced Micro Devices’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.01) EPS. sell-side analysts expect that Advanced Micro Devices will post 0.3 earnings per share for the current fiscal year.

In other Advanced Micro Devices news, CFO Devinder Kumar sold 99,207 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $11.45, for a total transaction of $1,135,920.15. Following the completion of the sale, the chief financial officer now directly owns 408,333 shares in the company, valued at $4,675,412.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Darla M. Smith sold 18,001 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $216,916.86. The disclosure for this sale can be found here. Insiders have sold 1,456,619 shares of company stock valued at $16,363,714 over the last 90 days. Company insiders own 1.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Bronfman E.L. Rothschild L.P. raised its position in shares of Advanced Micro Devices by 1,655.2% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock valued at $111,000 after buying an additional 8,243 shares in the last quarter. NINE MASTS CAPITAL Ltd acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $102,000. First Personal Financial Services acquired a new stake in shares of Advanced Micro Devices in the third quarter valued at approximately $127,000. 1492 Capital Management LLC acquired a new stake in shares of Advanced Micro Devices in the third quarter valued at approximately $128,000. Finally, Chilton Investment Co. LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $103,000. Hedge funds and other institutional investors own 60.94% of the company’s stock.

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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.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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