Advanced Micro Devices (NASDAQ:AMD) had its price target hoisted by JPMorgan Chase & Co. from $52.00 to $62.00 in a research report sent to investors on Wednesday, The Fly reports. The firm currently has a neutral rating on the semiconductor manufacturer’s stock.

AMD has been the topic of a number of other research reports. UBS Group lifted their target price on shares of Advanced Micro Devices from $48.00 to $52.00 and gave the company a neutral rating in a research note on Wednesday, April 29th. Deutsche Bank lifted their target price on shares of Advanced Micro Devices from $50.00 to $70.00 and gave the company a hold rating in a research note on Monday, July 27th. Craig Hallum downgraded shares of Advanced Micro Devices from a buy rating to a hold rating and lifted their price target for the company from $60.00 to $66.00 in a report on Wednesday. Northland Securities boosted their target price on shares of Advanced Micro Devices from $67.50 to $80.00 and gave the stock an outperform rating in a report on Wednesday. Finally, Wedbush boosted their price objective on shares of Advanced Micro Devices from $60.00 to $75.00 and gave the company an outperform rating in a research report on Monday, July 27th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and twenty have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of $68.97.

Advanced Micro Devices stock opened at $77.43 on Wednesday. Advanced Micro Devices has a 1-year low of $27.43 and a 1-year high of $78.96. The firm has a market cap of $91.81 billion, a P/E ratio of 146.10, a P/E/G ratio of 2.05 and a beta of 2.14. The firm has a 50-day moving average of $56.61 and a 200-day moving average of $51.94. The company has a current ratio of 2.10, a quick ratio of 1.68 and a debt-to-equity ratio of 0.15.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.06. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.86 billion. Advanced Micro Devices had a net margin of 7.96% and a return on equity of 28.66%. The business’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.08 earnings per share. Research analysts forecast that Advanced Micro Devices will post 0.83 earnings per share for the current fiscal year.

In other news, EVP Mark D. Papermaster sold 43,000 shares of Advanced Micro Devices stock in a transaction on Monday, June 15th. The shares were sold at an average price of $52.90, for a total value of $2,274,700.00. Following the transaction, the executive vice president now directly owns 1,378,280 shares of the company’s stock, valued at approximately $72,911,012. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Forrest Eugene Norrod sold 75,000 shares of Advanced Micro Devices stock in a transaction on Monday, July 20th. The shares were sold at an average price of $55.25, for a total transaction of $4,143,750.00. Following the completion of the transaction, the senior vice president now directly owns 752,100 shares in the company, valued at $41,553,525. The disclosure for this sale can be found here. Insiders sold a total of 461,000 shares of company stock worth $25,381,930 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Optimum Investment Advisors increased its stake in Advanced Micro Devices by 1,250.0% in the 1st quarter. Optimum Investment Advisors now owns 540 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 500 shares during the period. Harwood Advisory Group LLC purchased a new stake in shares of Advanced Micro Devices during the 1st quarter worth $26,000. Whittier Trust Co. boosted its position in shares of Advanced Micro Devices by 58.2% in the 2nd quarter. Whittier Trust Co. now owns 503 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 185 shares in the last quarter. Prestige Wealth Management Group LLC boosted its position in shares of Advanced Micro Devices by 202.5% in the 1st quarter. Prestige Wealth Management Group LLC now owns 605 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 405 shares in the last quarter. Finally, CX Institutional lifted its holdings in Advanced Micro Devices by 102.6% in the 1st quarter. CX Institutional now owns 616 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 312 shares in the last quarter. 69.37% 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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The Fly

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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