Advanced Micro Devices Inc. (AMD) Rating Increased to Strong-Buy at Vetr Inc.
Advanced Micro Devices Inc. (NASDAQ:AMD) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Monday. The brokerage presently has a $7.76 price target on the semiconductor manufacturer’s stock. Vetr‘s price target would indicate a potential upside of 25.77% from the company’s current price.
Several other equities research analysts have also issued reports on AMD. Jefferies Group reaffirmed a “buy” rating and issued a $5.50 price objective (up previously from $4.50) on shares of Advanced Micro Devices in a research note on Monday, June 13th. Wells Fargo & Co. reissued an “outperform” rating and set a $4.25 target price on shares of Advanced Micro Devices in a research report on Thursday, May 26th. Credit Suisse Group AG boosted their target price on shares of Advanced Micro Devices from $3.50 to $5.50 and gave the stock an “underperform” rating in a research report on Friday, July 22nd. Morgan Stanley reissued a “sell” rating and set a $2.65 target price on shares of Advanced Micro Devices in a research report on Wednesday, June 15th. Finally, Canaccord Genuity reissued a “buy” rating and set a $6.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, July 19th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $5.62.
Advanced Micro Devices (NASDAQ:AMD) opened at 6.17 on Monday. Advanced Micro Devices has a 52 week low of $1.65 and a 52 week high of $8.00. The firm’s market capitalization is $4.91 billion. The firm has a 50-day moving average price of $6.78 and a 200-day moving average price of $4.73.
Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Thursday, July 21st. The semiconductor manufacturer reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.03. The business earned $1.03 billion during the quarter, compared to analyst estimates of $951.89 million. Equities analysts forecast that Advanced Micro Devices will post ($0.20) EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC bought a new stake in Advanced Micro Devices during the second quarter valued at approximately $116,000. Gilder Gagnon Howe & Co. LLC raised its position in shares of Advanced Micro Devices by 7.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 25,072 shares of the semiconductor manufacturer’s stock valued at $129,000 after buying an additional 1,800 shares in the last quarter. Courier Capital Corp raised its position in shares of Advanced Micro Devices by 0.8% in the second quarter. Courier Capital Corp now owns 25,200 shares of the semiconductor manufacturer’s stock valued at $130,000 after buying an additional 200 shares in the last quarter. Calvert Investment Management Inc. acquired a new position in shares of Advanced Micro Devices during the second quarter valued at $173,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Advanced Micro Devices during the second quarter valued at $179,000. 46.63% of the stock is currently owned by institutional investors and hedge funds.
Advanced Micro Devices Company Profile
Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as a standalone central processing unit (CPU) or as incorporated into an accelerated processing unit (APU), chipsets, and discrete graphics processing units (GPUs) for the consumer, commercial and professional graphics markets, and server and embedded CPUs, GPUs and APUs, and semi-custom System-on-Chip (SoC) products and technology for game consoles.
To view Vetr’s full report, visit Vetr’s official website.
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