Deutsche Bank AG reiterated their hold rating on shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in a research note released on Thursday. The brokerage currently has a $12.00 price target on the semiconductor manufacturer’s stock.

A number of other equities analysts also recently issued reports on AMD. Bank of America Corporation restated a buy rating and set a $18.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, August 16th. Barclays PLC reiterated an underweight rating and issued a $9.00 target price on shares of Advanced Micro Devices in a report on Thursday, August 10th. Jefferies Group LLC reiterated a top pick rating and issued a $13.74 target price (down from $19.00) on shares of Advanced Micro Devices in a report on Thursday. Pacific Crest reiterated an equal weight rating on shares of Advanced Micro Devices in a report on Tuesday, June 20th. Finally, Canaccord Genuity reiterated a buy rating and issued a $20.00 target price on shares of Advanced Micro Devices in a report on Tuesday, August 15th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $13.89.

Shares of Advanced Micro Devices (NASDAQ AMD) traded down 1.156% during mid-day trading on Thursday, hitting $13.255. The stock had a trading volume of 39,991,949 shares. The firm’s market capitalization is $12.55 billion. The stock’s 50-day moving average is $12.68 and its 200-day moving average is $12.78. Advanced Micro Devices has a 1-year low of $6.14 and a 1-year high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.04. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the company earned ($0.05) earnings per share. The firm’s revenue was up 19.0% compared to the same quarter last year. Equities analysts expect that Advanced Micro Devices will post $0.10 earnings per share for the current year.

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In other Advanced Micro Devices news, SVP James Robert Anderson sold 20,000 shares of the business’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $13.91, for a total value of $278,200.00. Following the transaction, the senior vice president now owns 422,363 shares of the company’s stock, valued at $5,875,069.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Darla M. Smith sold 11,810 shares of the business’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $12.17, for a total value of $143,727.70. Following the completion of the transaction, the chief accounting officer now directly owns 31,291 shares in the company, valued at approximately $380,811.47. The disclosure for this sale can be found here. In the last three months, insiders sold 42,054,793 shares of company stock worth $21,024,000,026,371,000. Insiders own 1.60% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Coldstream Capital Management Inc. boosted its position in Advanced Micro Devices by 0.3% in the second quarter. Coldstream Capital Management Inc. now owns 20,735 shares of the semiconductor manufacturer’s stock worth $259,000 after purchasing an additional 60 shares during the last quarter. Wealthfront Inc. raised its stake in shares of Advanced Micro Devices by 0.5% in the second quarter. Wealthfront Inc. now owns 20,050 shares of the semiconductor manufacturer’s stock valued at $250,000 after buying an additional 104 shares during the period. North Star Asset Management Inc. raised its stake in shares of Advanced Micro Devices by 1.5% in the first quarter. North Star Asset Management Inc. now owns 15,330 shares of the semiconductor manufacturer’s stock valued at $223,000 after buying an additional 233 shares during the period. Neuberger Berman Group LLC raised its stake in shares of Advanced Micro Devices by 0.4% in the second quarter. Neuberger Berman Group LLC now owns 70,113 shares of the semiconductor manufacturer’s stock valued at $875,000 after buying an additional 272 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Advanced Micro Devices by 0.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 57,571 shares of the semiconductor manufacturer’s stock valued at $718,000 after buying an additional 348 shares during the period. 59.11% of the stock is currently owned by institutional investors and hedge funds.

About Advanced Micro Devices

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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