Advanced Micro Devices (NASDAQ:AMD) had its price target boosted by Northland Securities from $67.50 to $80.00 in a research report released on Wednesday morning, The Fly reports. Northland Securities currently has an outperform rating on the semiconductor manufacturer’s stock.

A number of other equities analysts have also weighed in on the company. Bank of America increased their target price on Advanced Micro Devices from $65.00 to $77.00 and gave the stock a buy rating in a research note on Monday, July 27th. Barclays raised their price objective on Advanced Micro Devices from $50.00 to $55.00 and gave the stock an equal weight rating in a research note on Monday, July 20th. Mizuho restated a buy rating and set a $77.00 price objective (up previously from $59.00) on shares of Advanced Micro Devices in a research note on Tuesday. Wedbush raised their price objective on Advanced Micro Devices from $60.00 to $75.00 and gave the stock an outperform rating in a research note on Monday, July 27th. Finally, UBS Group raised their price objective on Advanced Micro Devices from $48.00 to $52.00 and gave the stock a neutral rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and twenty have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $68.97.

AMD opened at $77.43 on Wednesday. The stock has a market cap of $91.81 billion, a price-to-earnings ratio of 146.10, a PEG ratio of 2.05 and a beta of 2.14. The company has a quick ratio of 1.68, a current ratio of 2.10 and a debt-to-equity ratio of 0.15. Advanced Micro Devices has a 12-month low of $27.43 and a 12-month high of $78.96. The business has a 50 day moving average of $56.61 and a 200-day moving average of $51.94.

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, topping the Zacks’ consensus estimate of $0.12 by $0.06. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.86 billion. Advanced Micro Devices had a return on equity of 28.66% and a net margin of 7.96%. The firm’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 earnings per share. As a group, analysts expect that Advanced Micro Devices will post 0.83 earnings per share for the current year.

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 43,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, July 15th. The stock was sold at an average price of $54.36, for a total transaction of $2,337,480.00. Following the transaction, the executive vice president now directly owns 1,378,280 shares of the company’s stock, valued at approximately $74,923,300.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lisa T. Su sold 150,000 shares of Advanced Micro Devices stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $55.41, for a total value of $8,311,500.00. Following the transaction, the chief executive officer now directly owns 2,753,670 shares in the company, valued at $152,580,854.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 461,000 shares of company stock worth $25,381,930. 1.50% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in AMD. Macquarie Group Ltd. lifted its holdings in Advanced Micro Devices by 245.5% during the 4th quarter. Macquarie Group Ltd. now owns 139,866 shares of the semiconductor manufacturer’s stock worth $6,414,000 after buying an additional 99,379 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Advanced Micro Devices by 38.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,150 shares of the semiconductor manufacturer’s stock worth $2,483,000 after buying an additional 14,925 shares during the period. Norges Bank acquired a new position in Advanced Micro Devices during the 4th quarter worth about $407,296,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Advanced Micro Devices by 6.8% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 216,525 shares of the semiconductor manufacturer’s stock worth $9,856,000 after buying an additional 13,841 shares during the period. Finally, HighMark Wealth Management LLC acquired a new position in Advanced Micro Devices during the 4th quarter worth about $40,000. 69.37% of the stock is currently owned by hedge funds and other 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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