BNP Paribas upgraded shares of Advanced Micro Devices (NASDAQ:AMD) from a neutral rating to an outperform rating in a report published on Wednesday morning, Briefing.com Automated Import reports. The brokerage currently has $110.00 price objective on the semiconductor manufacturer’s stock.

Other equities research analysts have also recently issued reports about the stock. Susquehanna Bancshares raised shares of Advanced Micro Devices from a neutral rating to a positive rating and increased their price objective for the company from $64.00 to $85.00 in a research note on Wednesday. Credit Suisse Group increased their price objective on shares of Advanced Micro Devices from $33.00 to $75.00 and gave the company a neutral rating in a research note on Wednesday. Argus increased their price objective on shares of Advanced Micro Devices from $60.00 to $66.00 and gave the company a buy rating in a research note on Thursday, April 30th. Deutsche Bank upped their target price on shares of Advanced Micro Devices from $50.00 to $70.00 and gave the company a hold rating in a report on Monday, July 27th. Finally, Loop Capital upped their target price on shares of Advanced Micro Devices from $54.00 to $60.00 and gave the company a buy rating in a report on Friday, May 1st. One equities 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’s stock. The stock has a consensus rating of Hold and a consensus price target of $68.97.

NASDAQ:AMD opened at $77.43 on Wednesday. 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 fifty-two week low of $27.43 and a fifty-two week high of $78.96. The stock has a market cap of $91.81 billion, a PE ratio of 146.10, a price-to-earnings-growth ratio of 2.05 and a beta of 2.14. The firm’s fifty day simple moving average is $56.61 and its 200-day simple moving average is $51.94.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly 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. Advanced Micro Devices had a net margin of 7.96% and a return on equity of 28.66%. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the company posted $0.08 EPS. The business’s revenue for the quarter was up 26.1% on a year-over-year basis. Equities analysts anticipate that Advanced Micro Devices will post 0.83 earnings per share for the current year.

In other Advanced Micro Devices news, CEO Lisa T. Su sold 150,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $55.43, for a total value of $8,314,500.00. Following the completion of the sale, the chief executive officer now owns 2,753,670 shares of the company’s stock, valued at $152,635,928.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 43,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $52.90, for a total transaction of $2,274,700.00. Following the completion of the sale, the executive vice president now directly owns 1,378,280 shares of the company’s stock, valued at approximately $72,911,012. The disclosure for this sale can be found here. Insiders sold 461,000 shares of company stock valued at $25,381,930 in the last ninety days. 1.50% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Comerica Bank grew its position in shares of Advanced Micro Devices by 7.1% during the second quarter. Comerica Bank now owns 229,381 shares of the semiconductor manufacturer’s stock worth $14,173,000 after buying an additional 15,296 shares in the last quarter. Jaffetilchin Investment Partners LLC acquired a new stake in shares of Advanced Micro Devices during the second quarter worth approximately $77,000. Lincoln National Corp grew its position in shares of Advanced Micro Devices by 7.5% during the second quarter. Lincoln National Corp now owns 8,869 shares of the semiconductor manufacturer’s stock worth $467,000 after buying an additional 617 shares in the last quarter. Royal London Asset Management Ltd. grew its position in shares of Advanced Micro Devices by 11.4% during the second quarter. Royal London Asset Management Ltd. now owns 448,242 shares of the semiconductor manufacturer’s stock worth $22,535,000 after buying an additional 45,928 shares in the last quarter. Finally, Sigma Planning Corp grew its position in shares of Advanced Micro Devices by 540.8% during the second quarter. Sigma Planning Corp now owns 140,230 shares of the semiconductor manufacturer’s stock worth $7,378,000 after buying an additional 118,348 shares in the last quarter. 69.37% of the stock is owned by institutional investors and hedge funds.

About Advanced Micro Devices

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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