Advanced Micro Devices, Inc. (NASDAQ:AMD)‘s stock had its “outperform” rating reaffirmed by investment analysts at Wells Fargo & Company in a note issued to investors on Monday. They presently have a $18.00 target price on the semiconductor manufacturer’s stock. Wells Fargo & Company’s target price points to a potential upside of 35.34% from the stock’s previous close.

Several other equities research analysts also recently weighed in on AMD. Bank of America Corporation restated a “buy” rating and issued a $18.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 16th. Barclays PLC restated an “underweight” rating and issued a $9.00 target price on shares of Advanced Micro Devices in a research note on Thursday, August 10th. Pacific Crest restated an “equal weight” rating on shares of Advanced Micro Devices in a research note on Tuesday, June 20th. 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 research note on Thursday. Finally, Deutsche Bank AG restated a “hold” rating and issued a $12.00 target price on shares of Advanced Micro Devices in a research note on Thursday. Five investment 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 presently has an average rating of “Hold” and an average target price of $13.89.

Shares of Advanced Micro Devices (NASDAQ:AMD) traded down 3.83% during mid-day trading on Monday, hitting $12.79. The stock had a trading volume of 51,172,221 shares. The stock’s market cap is $12.11 billion. The company’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 $6.22 and a 52-week 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, beating the Thomson Reuters’ 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%. Advanced Micro Devices’s revenue was up 19.0% compared to the same quarter last year. During the same period last year, the company posted ($0.05) earnings per share. On average, equities research analysts anticipate that Advanced Micro Devices will post $0.10 earnings per share for the current fiscal year.

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

Large investors have recently bought and sold shares of the business. Baillie Gifford & Co. acquired a new position in Advanced Micro Devices in the 2nd quarter valued at about $184,767,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Advanced Micro Devices by 51.7% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 200,824 shares of the semiconductor manufacturer’s stock valued at $2,506,000 after purchasing an additional 68,462 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Advanced Micro Devices by 20.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,983 shares of the semiconductor manufacturer’s stock valued at $1,997,000 after purchasing an additional 27,233 shares during the last quarter. KBC Group NV boosted its holdings in Advanced Micro Devices by 16.0% in the 2nd quarter. KBC Group NV now owns 106,877 shares of the semiconductor manufacturer’s stock valued at $1,334,000 after purchasing an additional 14,715 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Advanced Micro Devices by 48.3% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,363,776 shares of the semiconductor manufacturer’s stock worth $29,500,000 after acquiring an additional 769,739 shares during the last quarter. Institutional investors own 59.11% of the company’s stock.

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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