Advanced Micro Devices, Inc. (NASDAQ:AMD)‘s stock had its “neutral” rating reaffirmed by Susquehanna Bancshares Inc in a research report issued to clients and investors on Wednesday. They presently have a $15.00 price objective on the semiconductor manufacturer’s stock. Susquehanna Bancshares Inc’s price target would indicate a potential upside of 9.01% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $19.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, September 12th. Canaccord Genuity reiterated a “buy” rating and issued a $20.00 price target on shares of Advanced Micro Devices in a research report on Friday, September 8th. Morgan Stanley reiterated an “equal weight” rating and issued a $6.00 price target on shares of Advanced Micro Devices in a research report on Thursday, August 31st. Bank of America Corporation reiterated a “buy” rating and issued a $18.00 price target on shares of Advanced Micro Devices in a research report on Thursday, August 24th. Finally, Rosenblatt Securities reiterated a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday, August 23rd. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Advanced Micro Devices presently has a consensus rating of “Hold” and a consensus price target of $13.89.

Advanced Micro Devices (NASDAQ:AMD) opened at 13.41 on Wednesday. The firm has a 50-day moving average price of $12.68 and a 200 day moving average price of $12.78. The firm’s market cap is $12.70 billion. Advanced Micro Devices has a 12-month low of $6.14 and a 12-month 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 Thomson Reuters’ consensus estimate of ($0.02) by $0.04. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.16 billion. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period last year, the business posted ($0.05) earnings per share. Equities research analysts forecast that Advanced Micro Devices will post $0.10 EPS for the current year.

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In related news, insider Darla M. Smith sold 8,172 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $12.85, for a total value of $105,010.20. Following the sale, the insider now owns 34,934 shares of the company’s stock, valued at $448,901.90. The sale was disclosed in a legal filing with the SEC, which is accessible 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 transaction of $143,727.70. Following the completion of the sale, 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. 1.60% of the stock is currently owned by insiders.

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