Advanced Micro Devices (AMD) Upgraded by Macquarie to “Neutral”

Advanced Micro Devices (NASDAQ:AMD) was upgraded by research analysts at Macquarie from an “underperform” rating to a “neutral” rating in a report issued on Monday.

Several other research analysts have also commented on the stock. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Advanced Micro Devices in a research note on Wednesday, August 23rd. Susquehanna Bancshares reaffirmed a “neutral” rating and set a $15.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, September 20th. BidaskClub lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. BMO Capital Markets reaffirmed a “hold” rating and set a $15.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 18th. Finally, Barclays lifted their price objective on shares of Advanced Micro Devices from $9.00 to $10.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 4th. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $14.38.

Advanced Micro Devices (NASDAQ:AMD) opened at $10.29 on Monday. Advanced Micro Devices has a fifty-two week low of $9.42 and a fifty-two week high of $15.65. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.20 and a current ratio of 1.70.

In related news, CAO Darla M. Smith sold 18,001 shares of Advanced Micro Devices stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $11.37, for a total value of $204,671.37. Following the completion of the sale, the chief accounting officer now directly owns 19,078 shares in the company, valued at $216,916.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 300,000 shares of Advanced Micro Devices stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $12.04, for a total value of $3,612,000.00. Following the completion of the sale, the chief executive officer now owns 2,157,362 shares of the company’s stock, valued at $25,974,638.48. The disclosure for this sale can be found here. Insiders sold 1,162,283 shares of company stock valued at $13,289,544 over the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Coldstream Capital Management Inc. raised its holdings in Advanced Micro Devices by 0.3% in the second quarter. Coldstream Capital Management Inc. now owns 20,735 shares of the semiconductor manufacturer’s stock worth $259,000 after purchasing an additional 60 shares in the last quarter. Wealthfront Inc. raised its holdings in Advanced Micro Devices by 0.5% in the second quarter. Wealthfront Inc. now owns 20,050 shares of the semiconductor manufacturer’s stock worth $250,000 after purchasing an additional 104 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in Advanced Micro Devices by 0.4% in the second quarter. Neuberger Berman Group LLC now owns 70,113 shares of the semiconductor manufacturer’s stock worth $875,000 after purchasing an additional 272 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Advanced Micro Devices by 0.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 57,571 shares of the semiconductor manufacturer’s stock worth $718,000 after purchasing an additional 348 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in Advanced Micro Devices by 6.2% in the second quarter. Sequoia Financial Advisors LLC now owns 22,200 shares of the semiconductor manufacturer’s stock worth $277,000 after purchasing an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 60.13% of the company’s stock.

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Advanced Micro Devices Company Profile

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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