Advanced Micro Devices, Inc. (NASDAQ:AMD)‘s stock had its “underweight” rating reaffirmed by investment analysts at Barclays PLC in a note issued to investors on Thursday. They presently have a $9.00 price target on the semiconductor manufacturer’s stock. Barclays PLC’s target price would indicate a potential downside of 29.85% from the company’s previous close.
Several other equities research analysts have also commented on AMD. Stifel Nicolaus restated a “hold” rating and issued a $13.00 price target on shares of Advanced Micro Devices in a report on Friday, July 28th. Zacks Investment Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Monday, July 31st. Pacific Crest reiterated an “equal weight” rating on shares of Advanced Micro Devices in a research note on Tuesday, June 20th. BidaskClub lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Advanced Micro Devices in a research note on Friday, July 28th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.18.
Shares of Advanced Micro Devices (AMD) opened at 12.83 on Thursday. The firm has a 50-day moving average of $13.49 and a 200-day moving average of $12.74. The stock’s market cap is $12.12 billion. Advanced Micro Devices has a one year low of $5.66 and a one year high of $15.65.
Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.04. Advanced Micro Devices had a negative net margin of 1.06% and a negative return on equity of 15.54%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the business posted ($0.05) EPS. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. On average, equities research analysts expect that Advanced Micro Devices will post $0.10 earnings per share for the current fiscal year.
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In related news, Director Mubadala Investment Co Pjsc sold 40,000,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Darla M. Smith sold 9,620 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $10.98, for a total transaction of $105,627.60. Following the completion of the transaction, the insider now owns 19,808 shares of the company’s stock, valued at $217,491.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,390,216 shares of company stock valued at $21,024,000,018,073,800. Company insiders own 1.60% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. purchased a new position in Advanced Micro Devices during the first quarter valued at about $100,000. Intellectus Partners LLC purchased a new position in Advanced Micro Devices during the first quarter valued at about $116,000. K.J. Harrison & Partners Inc purchased a new position in Advanced Micro Devices during the second quarter valued at about $125,000. ING Groep NV purchased a new position in Advanced Micro Devices during the first quarter valued at about $127,000. Finally, Global X Management Co. LLC purchased a new position in Advanced Micro Devices during the second quarter valued at about $143,000. Hedge funds and other institutional investors own 57.34% 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.
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