Rosenblatt Securities reaffirmed their buy rating on shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in a research report sent to investors on Thursday. They currently have a $22.00 price target on the semiconductor manufacturer’s stock.

A number of other research analysts have also issued reports on the stock. Jefferies Group LLC restated 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. Susquehanna Bancshares Inc restated a neutral rating and issued a $15.00 target price on shares of Advanced Micro Devices in a report on Wednesday. Canaccord Genuity restated a buy rating and issued a $20.00 target price on shares of Advanced Micro Devices in a report on Friday, September 8th. Morgan Stanley restated an equal weight rating and issued a $6.00 target price on shares of Advanced Micro Devices in a report on Thursday, August 31st. Finally, Bank of America Corporation restated a buy rating and issued a $18.00 target price on shares of Advanced Micro Devices in a report on Thursday, August 24th. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $13.89.

Advanced Micro Devices (NASDAQ AMD) opened at 13.30 on Thursday. The stock’s market capitalization is $12.59 billion. The firm’s 50-day moving average is $12.68 and its 200-day moving average is $12.78. Advanced Micro Devices has a 52 week low of $6.14 and a 52 week high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.04. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates 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 firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) EPS. On average, equities research analysts predict that Advanced Micro Devices will post $0.10 EPS for the current fiscal year.

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In other news, insider Darla M. Smith sold 8,172 shares of the firm’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 transaction of $105,010.20. Following the completion of the sale, the insider now owns 34,934 shares of the company’s stock, valued at $448,901.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Forrest Eugene Norrod sold 62,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $15.42, for a total transaction of $963,750.00. Following the sale, the senior vice president now directly owns 600,301 shares of the company’s stock, valued at approximately $9,256,641.42. The disclosure for this sale can be found here. Insiders sold 42,054,793 shares of company stock valued at $21,024,000,026,371,000 in the last ninety days. 1.60% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. Trexquant Investment LP acquired a new stake in shares of Advanced Micro Devices during the first quarter worth approximately $706,000. Baillie Gifford & Co. acquired a new stake in shares of Advanced Micro Devices during the second quarter worth approximately $184,767,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Advanced Micro Devices by 51.7% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 200,824 shares of the semiconductor manufacturer’s stock worth $2,506,000 after buying an additional 68,462 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Advanced Micro Devices by 20.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,983 shares of the semiconductor manufacturer’s stock worth $1,997,000 after buying an additional 27,233 shares in the last quarter. Finally, KBC Group NV grew its position in shares of Advanced Micro Devices by 16.0% during the second quarter. KBC Group NV now owns 106,877 shares of the semiconductor manufacturer’s stock worth $1,334,000 after buying an additional 14,715 shares in the last quarter. 59.11% of the stock is 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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