Advanced Micro Devices (NASDAQ:AMD) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Thursday, December 21st.
Several other brokerages have also recently weighed in on AMD. Credit Suisse Group boosted their target price on Advanced Micro Devices from $10.50 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Wells Fargo & Co restated an “outperform” rating on shares of Advanced Micro Devices in a report on Wednesday, August 23rd. Jefferies Group restated a “buy” rating and set a $19.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 25th. Bank of America restated a “buy” rating on shares of Advanced Micro Devices in a report on Sunday, October 1st. Finally, Canaccord Genuity restated a “buy” rating and set a $20.00 target price on shares of Advanced Micro Devices in a report on Friday, September 8th. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $14.73.
Advanced Micro Devices (NASDAQ AMD) traded down $0.27 during trading hours on Thursday, reaching $10.28. The company’s stock had a trading volume of 26,591,680 shares, compared to its average volume of 38,451,880. Advanced Micro Devices has a 52 week low of $9.42 and a 52 week high of $15.65. The company has a current ratio of 1.70, a quick ratio of 1.20 and a debt-to-equity ratio of 2.61. The stock has a market cap of $10,178.63, a price-to-earnings ratio of -114.22, a P/E/G ratio of 81.68 and a beta of 2.46.
A number of large investors have recently added to or reduced their stakes in AMD. Bronfman E.L. Rothschild L.P. lifted its stake in Advanced Micro Devices by 1,655.2% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock worth $111,000 after purchasing an additional 8,243 shares in the last quarter. First Personal Financial Services acquired a new position in Advanced Micro Devices during the third quarter worth $127,000. 1492 Capital Management LLC acquired a new position in Advanced Micro Devices during the third quarter worth $128,000. Regal Investment Advisors LLC acquired a new position in Advanced Micro Devices during the second quarter worth $137,000. Finally, Cetera Investment Advisers acquired a new position in Advanced Micro Devices during the third quarter worth $137,000. Institutional investors own 60.09% 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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