Advanced Micro Devices (NASDAQ:AMD) had its target price upped by UBS Group from $24.00 to $31.00 in a research note issued to investors on Wednesday, Stock Target Advisor reports. The brokerage currently has a neutral rating on the semiconductor manufacturer’s stock.
Several other equities research analysts also recently weighed in on the company. Credit Suisse Group restated an outperform rating and set a GBX 2,012 ($26.29) price target on shares of Aston Martin Lagonda Global in a report on Wednesday, May 1st. Bank of America set a $77.00 price target on Citigroup and gave the stock a buy rating in a report on Monday, June 10th. Cowen restated a hold rating and set a $103.00 price target on shares of United Therapeutics in a report on Wednesday, May 1st. Zacks Investment Research downgraded Great Portland Estates from a hold rating to a sell rating in a report on Tuesday, April 16th. Finally, ValuEngine upgraded XCel Brands from a sell rating to a hold rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seventeen have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $30.08.
NASDAQ AMD traded down $0.73 during trading hours on Wednesday, hitting $33.06. 62,219,605 shares of the company were exchanged, compared to its average volume of 76,002,234. The company’s 50 day simple moving average is $30.10. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 2.08. Advanced Micro Devices has a 52-week low of $15.72 and a 52-week high of $34.30. The firm has a market capitalization of $35.76 billion, a price-to-earnings ratio of 94.46, a price-to-earnings-growth ratio of 1.91 and a beta of 3.08.
In related news, EVP Mark D. Papermaster sold 30,000 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $27.49, for a total value of $824,700.00. Following the completion of the sale, the executive vice president now directly owns 1,329,588 shares of the company’s stock, valued at approximately $36,550,374.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Paul Darren Grasby sold 6,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $28.39, for a total value of $170,340.00. Following the completion of the sale, the senior vice president now directly owns 22,979 shares of the company’s stock, valued at $652,373.81. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,033,066 shares of company stock valued at $30,445,396. Insiders own 1.50% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in AMD. G&S Capital LLC acquired a new stake in Advanced Micro Devices during the 1st quarter worth approximately $78,000. Bronfman E.L. Rothschild L.P. lifted its position in Advanced Micro Devices by 24.4% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,566 shares of the semiconductor manufacturer’s stock worth $47,000 after acquiring an additional 503 shares during the period. Captrust Financial Advisors lifted its position in Advanced Micro Devices by 567.7% during the 4th quarter. Captrust Financial Advisors now owns 8,280 shares of the semiconductor manufacturer’s stock worth $153,000 after acquiring an additional 7,040 shares during the period. Perkins Capital Management Inc. lifted its position in Advanced Micro Devices by 7.0% during the 1st quarter. Perkins Capital Management Inc. now owns 15,250 shares of the semiconductor manufacturer’s stock worth $389,000 after acquiring an additional 1,000 shares during the period. Finally, Nepsis Inc. acquired a new stake in Advanced Micro Devices during the 1st quarter worth approximately $7,182,000. 60.73% of the stock is owned by hedge funds and other institutional investors.
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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