Advanced Micro Devices (AMD) Upgraded at BidaskClub

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.

In related news, CEO Lisa T. Su sold 82,709 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $13.62, for a total value of $1,126,496.58. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP James Robert Anderson sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $12.04, for a total value of $240,800.00. Following the completion of the transaction, the senior vice president now owns 493,773 shares in the company, valued at $5,945,026.92. The disclosure for this sale can be found here. Insiders sold 1,394,403 shares of company stock worth $15,657,609 over the last quarter. 1.60% of the stock is currently owned by insiders.

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.

WARNING: “Advanced Micro Devices (AMD) Upgraded at BidaskClub” was posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The legal version of this piece can be viewed at https://www.com-unik.info/2017/12/22/advanced-micro-devices-amd-upgraded-to-hold-by-bidaskclub.html.

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.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit