Advanced Micro Devices (NYSE: AMD) received a number of ratings updates from brokerages and research firms in the last week:

  • Advanced Micro Devices was upgraded by analysts at Goldman Sachs from a “sell” rating to a “neutral” rating. They now have a $3.50 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • Advanced Micro Devices was downgraded by analysts at Citigroup from a “buy” rating to a “neutral” rating. They now have a $4.25 price target on the stock, down previously from $6.50. They wrote, “On a long-term basis, the company is re-positioning to offer “semi-custom”
  • Advanced Micro Devices was downgraded by analysts at Longbow Research from a “buy” rating to a “neutral” rating.
  • Advanced Micro Devices had its “outperform” rating reaffirmed by analysts at Wells Fargo & Co..
  • Advanced Micro Devices had its “buy” rating reaffirmed by analysts at Jefferies Group.
  • Advanced Micro Devices had its price target lowered by analysts at MKM Partners from $4.00 to $3.00. They now have a “sell” rating on the stock.
  • Advanced Micro Devices had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $4.50 price target on the stock.

Advanced Micro Devices traded up 1.10% on Wednesday, hitting $3.66. Advanced Micro Devices has a 1-year low of $3.43 and a 1-year high of $8.35. The company’s market cap is $2.590 billion.

Advanced Micro Devices, Inc. (AMD) is a global semiconductor company with facilities globally. Within the global semiconductor industry, it offers x86 microprocessors, as standalone devices or as incorporated as an accelerated processing unit, for the commercial and consumer markets, embedded microprocessors for commercial, commercial client and consumer markets and chipsets for desktop and mobile devices, including mobile personal computers (PCs), and tablets, professional workstations and servers, and graphics, video and multimedia products for desktop and mobile devices, including mobile PCs and tablets, home media PCs and professional workstations, servers and technology for game consoles.