Advanced Micro Devices Inc. (NASDAQ:AMD)‘s stock had its “buy” rating restated by analysts at Jefferies Group in a report released on Monday. They currently have a $9.00 price objective on the semiconductor manufacturer’s stock. Jefferies Group’s price objective points to a potential upside of 45.87% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Canaccord Genuity restated a “buy” rating and set a $8.50 price target on shares of Advanced Micro Devices in a research report on Monday, September 12th. Vetr lowered shares of Advanced Micro Devices from a “sell” rating to a “strong sell” rating and set a $6.54 price target for the company. in a research report on Monday, August 22nd. Bank of America Corp. restated an “underperform” rating and set a $5.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, September 14th. Wells Fargo & Co. restated an “outperform” rating on shares of Advanced Micro Devices in a research report on Wednesday, September 7th. Finally, MKM Partners restated a “buy” rating and set a $8.00 price target on shares of Advanced Micro Devices in a research report on Friday, September 16th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Advanced Micro Devices presently has an average rating of “Hold” and an average price target of $5.62.

Advanced Micro Devices (NASDAQ:AMD) opened at 6.17 on Monday. Advanced Micro Devices has a 12 month low of $1.65 and a 12 month high of $8.00. The stock has a 50 day moving average of $6.78 and a 200 day moving average of $4.73. The firm’s market capitalization is $4.91 billion.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Thursday, July 21st. The semiconductor manufacturer reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.03. The firm earned $1.03 billion during the quarter, compared to analysts’ expectations of $951.89 million. On average, equities analysts predict that Advanced Micro Devices will post ($0.20) earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Investors Asset Management of Georgia Inc. GA ADV increased its position in Advanced Micro Devices by 6.7% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 71,900 shares of the semiconductor manufacturer’s stock valued at $370,000 after buying an additional 4,500 shares during the period. Nordea Investment Management AB acquired a new position in Advanced Micro Devices during the second quarter valued at approximately $972,000. BNP Paribas Arbitrage SA increased its position in Advanced Micro Devices by 92.2% in the second quarter. BNP Paribas Arbitrage SA now owns 637,300 shares of the semiconductor manufacturer’s stock valued at $3,276,000 after buying an additional 305,791 shares during the period. Squarepoint Ops LLC acquired a new position in Advanced Micro Devices during the first quarter valued at approximately $181,000. Finally, Royal Bank of Canada increased its position in Advanced Micro Devices by 1,208.6% in the first quarter. Royal Bank of Canada now owns 167,020 shares of the semiconductor manufacturer’s stock valued at $474,000 after buying an additional 154,257 shares during the period. 41.45% of the stock is currently owned by hedge funds and other institutional investors.

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.

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