Susquehanna Bancshares upgraded shares of Advanced Micro Devices (NASDAQ:AMD) from a neutral rating to a positive rating in a research report sent to investors on Wednesday morning, BenzingaRatingsTable reports. They currently have $85.00 price objective on the semiconductor manufacturer’s stock, up from their prior price objective of $64.00.

A number of other research firms have also recently commented on AMD. Bank of America boosted their target price on shares of Advanced Micro Devices from $65.00 to $77.00 and gave the stock a buy rating in a research report on Monday, July 27th. Nomura lifted their price target on shares of Advanced Micro Devices from $58.00 to $64.00 and gave the stock a buy rating in a research note on Wednesday, April 29th. Cowen lifted their price target on shares of Advanced Micro Devices from $60.00 to $65.00 and gave the stock an outperform rating in a research note on Tuesday, July 14th. Argus lifted their price target on shares of Advanced Micro Devices from $60.00 to $66.00 and gave the stock a buy rating in a research note on Thursday, April 30th. Finally, Rosenblatt Securities lifted their price target on shares of Advanced Micro Devices from $65.00 to $70.00 and gave the stock a buy rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and twenty have given a buy rating to the stock. Advanced Micro Devices presently has a consensus rating of Buy and a consensus target price of $68.97.

NASDAQ AMD opened at $77.43 on Wednesday. The company’s fifty day simple moving average is $56.61 and its 200-day simple moving average is $51.94. Advanced Micro Devices has a 52 week low of $27.43 and a 52 week high of $78.96. The company has a current ratio of 2.10, a quick ratio of 1.68 and a debt-to-equity ratio of 0.15. The stock has a market cap of $90.91 billion, a P/E ratio of 113.87, a PEG ratio of 2.03 and a beta of 2.14.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $0.18 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the company posted $0.08 earnings per share. The business’s revenue for the quarter was up 26.1% compared to the same quarter last year. On average, research analysts expect that Advanced Micro Devices will post 0.85 EPS for the current fiscal year.

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 43,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $52.90, for a total transaction of $2,274,700.00. Following the sale, the executive vice president now owns 1,378,280 shares in the company, valued at approximately $72,911,012. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Forrest Eugene Norrod sold 75,000 shares of the business’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $55.25, for a total value of $4,143,750.00. Following the sale, the senior vice president now owns 752,100 shares in the company, valued at approximately $41,553,525. The disclosure for this sale can be found here. Insiders sold a total of 461,000 shares of company stock valued at $25,381,930 over the last three months. 1.50% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. IBM Retirement Fund raised its holdings in Advanced Micro Devices by 57.3% during the 1st quarter. IBM Retirement Fund now owns 25,216 shares of the semiconductor manufacturer’s stock worth $1,147,000 after buying an additional 9,184 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Advanced Micro Devices by 6.8% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 216,525 shares of the semiconductor manufacturer’s stock valued at $9,856,000 after purchasing an additional 13,841 shares during the period. Artemis Investment Management LLP acquired a new position in shares of Advanced Micro Devices in the 1st quarter valued at about $11,261,000. Empowered Funds LLC acquired a new position in shares of Advanced Micro Devices in the 1st quarter valued at about $1,180,000. Finally, US Bancorp DE increased its holdings in shares of Advanced Micro Devices by 20.5% in the 1st quarter. US Bancorp DE now owns 33,187 shares of the semiconductor manufacturer’s stock valued at $1,509,000 after purchasing an additional 5,647 shares during the period. Hedge funds and other institutional investors own 69.37% of the company’s stock.

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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