Advanced Micro Devices (NASDAQ:AMD) had its target price boosted by investment analysts at Bank of America from $35.00 to $40.00 in a research note issued to investors on Monday, Briefing.com Automated Import reports. The brokerage currently has a “buy” rating on the semiconductor manufacturer’s stock. Bank of America‘s price target indicates a potential upside of 23.42% from the company’s current price.
Several other brokerages have also recently weighed in on AMD. Deutsche Bank boosted their price objective on Advanced Micro Devices from $20.00 to $25.00 and gave the stock a “hold” rating in a research note on Wednesday, May 1st. ValuEngine lowered Advanced Micro Devices from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. Zacks Investment Research lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Nomura assumed coverage on Advanced Micro Devices in a report on Tuesday, April 2nd. They set a “buy” rating and a $33.00 price objective for the company. Finally, Cowen increased their price objective on Advanced Micro Devices from $28.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $29.13.
Advanced Micro Devices stock opened at $32.41 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.08 and a quick ratio of 1.54. Advanced Micro Devices has a 12 month low of $14.54 and a 12 month high of $34.30. The firm has a market capitalization of $35.05 billion, a price-to-earnings ratio of 92.60, a price-to-earnings-growth ratio of 1.94 and a beta of 3.18.
In other news, SVP Harry A. Wolin sold 152,667 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $31.48, for a total transaction of $4,805,957.16. Following the sale, the senior vice president now owns 1,501,474 shares of the company’s stock, valued at approximately $47,266,401.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Paul Darren Grasby sold 6,000 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $27.54, for a total transaction of $165,240.00. Following the sale, the senior vice president now directly owns 28,979 shares in the company, valued at approximately $798,081.66. The disclosure for this sale can be found here. Insiders sold a total of 795,066 shares of company stock worth $22,496,396 over the last three months. Corporate insiders own 1.50% of the company’s stock.
A number of institutional investors have recently bought and sold shares of AMD. Joseph P. Lucia & Associates LLC acquired a new position in shares of Advanced Micro Devices in the first quarter worth $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Advanced Micro Devices in the first quarter worth $26,000. Advisory Alpha LLC acquired a new position in shares of Advanced Micro Devices in the first quarter worth $26,000. Peddock Capital Advisors LLC grew its stake in shares of Advanced Micro Devices by 151.5% in the first quarter. Peddock Capital Advisors LLC now owns 1,021 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 615 shares in the last quarter. Finally, Capital Investment Advisory Services LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth $27,000. Hedge funds and other institutional investors own 60.85% 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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