Susquehanna Bancshares Cuts Advanced Micro Devices (AMD) Price Target to $13.00
Advanced Micro Devices (NASDAQ:AMD) had its price objective reduced by investment analysts at Susquehanna Bancshares from $15.00 to $13.00 in a note issued to investors on Thursday. The firm currently has a “neutral” rating on the semiconductor manufacturer’s stock. Susquehanna Bancshares’ price target would suggest a potential upside of 3.26% from the company’s current price.
A number of other analysts have also recently commented on the company. Jefferies Group reissued a “buy” rating and issued a $19.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, October 25th. BNP Paribas raised Advanced Micro Devices from a “neutral” rating to an “outperform” rating in a research report on Thursday, October 12th. Bank of America reissued a “buy” rating on shares of Advanced Micro Devices in a research report on Sunday, October 1st. TheStreet raised Advanced Micro Devices from a “d” rating to a “c-” rating in a research report on Tuesday, October 24th. Finally, Mizuho reissued a “buy” rating and issued a $17.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, November 28th. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $14.56.
Shares of Advanced Micro Devices (AMD) opened at $12.59 on Thursday. The company has a current ratio of 1.70, a quick ratio of 1.20 and a debt-to-equity ratio of 2.61. The firm has a market capitalization of $12,031.04, a P/E ratio of -139.89, a price-to-earnings-growth ratio of 6.50 and a beta of 2.47. Advanced Micro Devices has a 12-month low of $9.67 and a 12-month high of $15.65.
In related news, CAO Darla M. Smith sold 18,001 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $11.37, for a total value of $204,671.37. Following the completion of the transaction, the chief accounting officer now directly owns 19,078 shares in the company, valued at approximately $216,916.86. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP James Robert Anderson sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $12.04, for a total transaction of $240,800.00. Following the completion of the transaction, the senior vice president now owns 493,773 shares of the company’s stock, valued at $5,945,026.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,759,990 shares of company stock valued at $19,885,753. 1.60% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Advanced Micro Devices by 6.6% during the 2nd quarter. Vanguard Group Inc. now owns 93,092,619 shares of the semiconductor manufacturer’s stock valued at $1,161,796,000 after buying an additional 5,797,819 shares during the last quarter. CI Investments Inc. raised its stake in Advanced Micro Devices by 312.3% during the 3rd quarter. CI Investments Inc. now owns 7,322,893 shares of the semiconductor manufacturer’s stock valued at $93,367,000 after buying an additional 5,546,993 shares during the last quarter. American Century Companies Inc. purchased a new stake in Advanced Micro Devices during the 3rd quarter valued at $49,674,000. Janus Henderson Group PLC raised its stake in Advanced Micro Devices by 3,815.8% during the 2nd quarter. Janus Henderson Group PLC now owns 3,833,805 shares of the semiconductor manufacturer’s stock valued at $47,845,000 after buying an additional 3,735,900 shares during the last quarter. Finally, Eagle Asset Management Inc. purchased a new stake in Advanced Micro Devices during the 3rd quarter valued at $26,194,000. Institutional investors own 60.09% of the company’s stock.
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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.
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