Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have been given a consensus rating of “Hold” by the thirty-four ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and thirteen have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $31.00.

Several research analysts have weighed in on AMD shares. Craig Hallum cut Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $33.00 price objective on the stock. in a research report on Wednesday, July 31st. UBS Group increased their price objective on Advanced Micro Devices from $24.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. ValuEngine upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Citigroup set a $8.00 price target on Advanced Micro Devices and gave the stock a “sell” rating in a research report on Wednesday, July 31st. Finally, MKM Partners raised their price target on Advanced Micro Devices to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st.

Shares of NASDAQ AMD traded down $0.28 during trading hours on Friday, hitting $29.96. The company had a trading volume of 2,152,822 shares, compared to its average volume of 69,495,664. The firm’s 50 day moving average price is $32.12. Advanced Micro Devices has a 1-year low of $16.03 and a 1-year high of $35.55. The stock has a market capitalization of $35.20 billion, a PE ratio of 85.66, a P/E/G ratio of 2.76 and a beta of 3.06. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.08 and a quick ratio of 1.52.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. Advanced Micro Devices had a return on equity of 16.04% and a net margin of 3.25%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the firm posted $0.14 EPS. The company’s quarterly revenue was down 12.8% on a year-over-year basis. Equities research analysts expect that Advanced Micro Devices will post 0.5 EPS for the current year.

In other news, CAO Darla M. Smith sold 8,388 shares of Advanced Micro Devices stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $33.53, for a total transaction of $281,249.64. Following the sale, the chief accounting officer now directly owns 35,918 shares of the company’s stock, valued at $1,204,330.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nora Denzel sold 31,737 shares of Advanced Micro Devices stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $34.29, for a total value of $1,088,261.73. Following the sale, the director now directly owns 152,899 shares in the company, valued at $5,242,906.71. The disclosure for this sale can be found here. Insiders have sold 1,878,524 shares of company stock worth $60,911,813 over the last three months. Insiders own 1.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Intersect Capital LLC increased its holdings in Advanced Micro Devices by 3.9% in the second quarter. Intersect Capital LLC now owns 9,176 shares of the semiconductor manufacturer’s stock worth $279,000 after purchasing an additional 345 shares in the last quarter. Tyers Asset Management LLC increased its holdings in Advanced Micro Devices by 1.8% in the first quarter. Tyers Asset Management LLC now owns 22,000 shares of the semiconductor manufacturer’s stock worth $561,000 after purchasing an additional 384 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in Advanced Micro Devices by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 46,500 shares of the semiconductor manufacturer’s stock worth $1,187,000 after purchasing an additional 400 shares in the last quarter. Berman Capital Advisors LLC increased its holdings in Advanced Micro Devices by 41.6% in the second quarter. Berman Capital Advisors LLC now owns 1,525 shares of the semiconductor manufacturer’s stock worth $46,000 after purchasing an additional 448 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in Advanced Micro Devices by 55.7% in the second quarter. Assetmark Inc. now owns 1,381 shares of the semiconductor manufacturer’s stock worth $42,000 after purchasing an additional 494 shares in the last quarter. 60.38% of the stock is currently owned by institutional investors.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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