BidaskClub upgraded shares of Advanced Micro Devices (NASDAQ:AMD) from a sell rating to a hold rating in a research report released on Friday.

A number of other equities research analysts also recently weighed in on AMD. Deutsche Bank reaffirmed a hold rating and issued a $12.00 target price on shares of Advanced Micro Devices in a research note on Thursday, September 21st. BMO Capital Markets reaffirmed a hold rating and issued a $15.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, October 18th. Loop Capital reaffirmed a hold rating and issued a $13.00 target price (down from $14.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 25th. Wells Fargo & Co reissued an outperform rating and set a $18.00 price target on shares of Advanced Micro Devices in a research note on Monday, September 25th. Finally, Jefferies Group reissued a top pick rating and set a $13.74 price target (down from $19.00) on shares of Advanced Micro Devices in a research note on Thursday, September 21st. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Advanced Micro Devices currently has a consensus rating of Hold and a consensus target price of $14.73.

Advanced Micro Devices (AMD) traded down $0.39 during mid-day trading on Friday, hitting $11.89. 32,639,727 shares of the stock were exchanged, compared to its average volume of 86,958,414. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.70 and a quick ratio of 1.20. Advanced Micro Devices has a one year low of $9.42 and a one year high of $15.65. The company has a market capitalization of $11,440.00, a price-to-earnings ratio of -148.56, a P/E/G ratio of 6.19 and a beta of 2.47.

In related news, SVP James Robert Anderson sold 75,000 shares of Advanced Micro Devices stock in a transaction on Monday, December 11th. The shares were sold at an average price of $10.00, for a total value of $750,000.00. Following the transaction, the senior vice president now directly owns 473,773 shares of the company’s stock, valued at $4,737,730. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Darla M. Smith sold 27,288 shares of Advanced Micro Devices stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $11.13, for a total transaction of $303,715.44. Following the completion of the transaction, the insider now directly owns 31,236 shares in the company, valued at $347,656.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,394,194 shares of company stock worth $15,466,937. 1.60% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Coldstream Capital Management Inc. boosted its holdings 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 valued at $259,000 after acquiring an additional 60 shares in the last quarter. Wealthfront Inc. boosted its holdings in 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 acquiring an additional 104 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in 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 acquiring an additional 272 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in 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 acquiring an additional 348 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Advanced Micro Devices by 4.6% in the second quarter. Nordea Investment Management AB now owns 32,480 shares of the semiconductor manufacturer’s stock valued at $405,000 after acquiring an additional 1,438 shares in the last quarter. Institutional investors and hedge funds own 60.09% of the company’s stock.

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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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