Advanced Micro Devices, Inc. (NASDAQ:AMD)‘s stock had its “top pick” rating reiterated by research analysts at Jefferies Group LLC in a report released on Thursday. They currently have a $13.74 price target on the semiconductor manufacturer’s stock, down from their prior price target of $19.00. Jefferies Group LLC’s price objective would suggest a potential upside of 3.31% from the stock’s current price.

Several other research analysts also recently commented on AMD. Argus downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Wells Fargo & Company reaffirmed an “outperform” rating and set a $15.00 target price on shares of Advanced Micro Devices in a report on Thursday, June 1st. Susquehanna Bancshares Inc reaffirmed a “hold” rating and set a $12.00 target price on shares of Advanced Micro Devices in a report on Thursday, June 1st. ValuEngine raised Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Advanced Micro Devices in a report on Saturday, June 3rd. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $13.89.

Advanced Micro Devices (NASDAQ:AMD) opened at 13.30 on Thursday. Advanced Micro Devices has a 1-year low of $6.14 and a 1-year high of $15.65. 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 $12.59 billion.

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

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In other news, Director Mubadala Investment Co Pjsc sold 40,000,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $525,600,000.00, for a total value of $21,024,000,000,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Darla M. Smith sold 8,172 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 34,934 shares of the company’s stock, valued at $448,901.90. The disclosure for this sale can be found here. Insiders have sold a total of 42,054,793 shares of company stock valued at $21,024,000,026,371,000 over the last three months. Corporate insiders own 1.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Advanced Micro Devices by 6.6% in the second quarter. Vanguard Group Inc. now owns 93,092,619 shares of the semiconductor manufacturer’s stock valued at $1,161,796,000 after acquiring an additional 5,797,819 shares in the last quarter. Baillie Gifford & Co. bought a new position in shares of Advanced Micro Devices in the second quarter valued at approximately $184,767,000. Wellington Management Group LLP grew its holdings in shares of Advanced Micro Devices by 5,764.6% in the first quarter. Wellington Management Group LLP now owns 14,181,305 shares of the semiconductor manufacturer’s stock valued at $206,339,000 after acquiring an additional 13,939,494 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Advanced Micro Devices by 31.7% in the first quarter. Geode Capital Management LLC now owns 9,210,323 shares of the semiconductor manufacturer’s stock valued at $133,854,000 after acquiring an additional 2,215,111 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Advanced Micro Devices by 39.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 5,151,851 shares of the semiconductor manufacturer’s stock valued at $74,960,000 after acquiring an additional 1,455,622 shares in the last quarter. 59.11% of the stock is owned by 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 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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