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.
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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