Advanced Micro Devices (NASDAQ:AMD) PT Raised to $84.00

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Advanced Micro Devices (NASDAQ:AMD) had its target price boosted by Royal Bank of Canada from $71.00 to $84.00 in a research report sent to investors on Wednesday, The Fly reports.

AMD has been the subject of a number of other reports. Barclays upped their target price on Advanced Micro Devices from $50.00 to $55.00 and gave the stock an equal weight rating in a research report on Monday, July 20th. Nomura upped their price target on Advanced Micro Devices from $58.00 to $64.00 and gave the company a buy rating in a report on Wednesday, April 29th. Mizuho reaffirmed a buy rating and issued a $77.00 price target (up previously from $59.00) on shares of Advanced Micro Devices in a report on Tuesday, July 28th. Rosenblatt Securities upped their price target on Advanced Micro Devices from $65.00 to $70.00 and gave the company a buy rating in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. upped their price target on Advanced Micro Devices from $52.00 to $62.00 and gave the company a neutral rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and twenty have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $68.97.

AMD opened at $77.43 on Wednesday. The company has a market capitalization of $90.91 billion, a price-to-earnings ratio of 113.87, a price-to-earnings-growth ratio of 2.03 and a beta of 2.14. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.10 and a quick ratio of 1.68. Advanced Micro Devices has a 1-year low of $27.43 and a 1-year high of $78.96. The business has a 50 day moving average price of $56.61 and a two-hundred day moving average price of $51.94.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.86 billion. Advanced Micro Devices had a return on equity of 28.66% and a net margin of 7.96%. The firm’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 earnings per share. Equities analysts expect that Advanced Micro Devices will post 0.85 EPS for the current fiscal year.

In related news, CEO Lisa T. Su sold 150,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $55.41, for a total value of $8,311,500.00. Following the completion of the sale, the chief executive officer now directly owns 2,753,670 shares in the company, valued at $152,580,854.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Forrest Eugene Norrod sold 75,000 shares of the company’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $55.25, for a total transaction of $4,143,750.00. Following the completion of the sale, the senior vice president now owns 752,100 shares of the company’s stock, valued at $41,553,525. The disclosure for this sale can be found here. Insiders sold 461,000 shares of company stock worth $25,381,930 over the last ninety days. 1.50% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Capital World Investors boosted its holdings in Advanced Micro Devices by 69.1% in the first quarter. Capital World Investors now owns 47,990,133 shares of the semiconductor manufacturer’s stock worth $2,182,597,000 after purchasing an additional 19,615,477 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Advanced Micro Devices by 9.4% during the first quarter. Geode Capital Management LLC now owns 19,489,112 shares of the semiconductor manufacturer’s stock valued at $884,798,000 after acquiring an additional 1,680,707 shares during the period. Nuveen Asset Management LLC boosted its holdings in Advanced Micro Devices by 3.4% during the first quarter. Nuveen Asset Management LLC now owns 10,690,904 shares of the semiconductor manufacturer’s stock valued at $486,223,000 after acquiring an additional 347,213 shares during the period. Norges Bank bought a new stake in Advanced Micro Devices during the fourth quarter valued at about $407,296,000. Finally, Fisher Asset Management LLC bought a new stake in Advanced Micro Devices during the first quarter valued at about $324,394,000. Hedge funds and other institutional investors own 69.37% of the company’s stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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The Fly

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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