Advanced Micro Devices (NASDAQ:AMD) Shares Gap Up After Analyst Upgrade

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) gapped up prior to trading on Tuesday after Bank of America raised their price target on the stock from $35.00 to $40.00. The stock had previously closed at $32.93, but opened at $33.23. Bank of America currently has a buy rating on the stock. Advanced Micro Devices shares last traded at $32.13, with a volume of 59863585 shares changing hands.

Several other equities analysts have also recently weighed in on the stock. Wells Fargo & Co raised their target price on shares of Advanced Micro Devices from $30.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. ValuEngine cut shares of Advanced Micro Devices from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. BidaskClub cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Zacks Investment Research cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Advanced Micro Devices from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Advanced Micro Devices has a consensus rating of “Buy” and an average target price of $29.13.

In other Advanced Micro Devices news, CEO Lisa T. Su sold 164,000 shares of Advanced Micro Devices stock in a transaction on Monday, June 10th. The shares were sold at an average price of $33.66, for a total transaction of $5,520,240.00. Following the completion of the transaction, the chief executive officer now directly owns 2,375,264 shares of the company’s stock, valued at $79,951,386.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Paul Darren Grasby sold 6,000 shares of Advanced Micro Devices stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $27.54, for a total transaction of $165,240.00. Following the transaction, the senior vice president now directly owns 28,979 shares of the company’s stock, valued at $798,081.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,009,066 shares of company stock valued at $29,689,636. Company insiders own 1.50% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Joseph P. Lucia & Associates LLC bought a new stake in shares of Advanced Micro Devices in the first quarter valued at about $25,000. Advisory Alpha LLC bought a new stake in shares of Advanced Micro Devices in the first quarter valued at about $26,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Advanced Micro Devices in the first quarter valued at about $26,000. Peddock Capital Advisors LLC boosted its position 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 valued at $26,000 after acquiring an additional 615 shares during the period. Finally, Berman Capital Advisors LLC boosted its position in shares of Advanced Micro Devices by 99.4% in the first quarter. Berman Capital Advisors LLC now owns 1,077 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 537 shares during the period. 60.85% of the stock is owned by institutional investors.

The stock has a market cap of $35.05 billion, a PE ratio of 91.94, a PEG ratio of 1.94 and a beta of 3.18. 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 (NASDAQ:AMD) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Advanced Micro Devices had a net margin of 4.46% and a return on equity of 25.23%. Advanced Micro Devices’s quarterly revenue was down 22.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.11 earnings per share. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 0.55 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Advanced Micro Devices (NASDAQ:AMD) Shares Gap Up After Analyst Upgrade” was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another site, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this news story can be viewed at https://www.com-unik.info/2019/06/13/advanced-micro-devices-nasdaqamd-shares-gap-up-after-analyst-upgrade.html.

Advanced Micro Devices Company Profile (NASDAQ:AMD)

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.

See Also: Quiet Period Expirations Explained

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Advanced Micro Devices (NASDAQ:AMD) Shares Gap Up After Analyst Upgrade

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) gapped up prior to trading on Tuesday after Bank of America raised their price target on the stock from $35.00 to $40.00. The stock had previously closed at $32.93, but opened at $33.23. Bank of America currently has a buy rating on the stock. Advanced Micro Devices shares last traded at $32.13, with a volume of 59863585 shares changing hands.

Several other equities analysts have also recently weighed in on the stock. Wells Fargo & Co raised their target price on shares of Advanced Micro Devices from $30.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. ValuEngine cut shares of Advanced Micro Devices from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. BidaskClub cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Zacks Investment Research cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Advanced Micro Devices from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Advanced Micro Devices has a consensus rating of “Buy” and an average target price of $29.13.

In other Advanced Micro Devices news, CEO Lisa T. Su sold 164,000 shares of Advanced Micro Devices stock in a transaction on Monday, June 10th. The shares were sold at an average price of $33.66, for a total transaction of $5,520,240.00. Following the completion of the transaction, the chief executive officer now directly owns 2,375,264 shares of the company’s stock, valued at $79,951,386.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Paul Darren Grasby sold 6,000 shares of Advanced Micro Devices stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $27.54, for a total transaction of $165,240.00. Following the transaction, the senior vice president now directly owns 28,979 shares of the company’s stock, valued at $798,081.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,009,066 shares of company stock valued at $29,689,636. Company insiders own 1.50% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Joseph P. Lucia & Associates LLC bought a new stake in shares of Advanced Micro Devices in the first quarter valued at about $25,000. Advisory Alpha LLC bought a new stake in shares of Advanced Micro Devices in the first quarter valued at about $26,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Advanced Micro Devices in the first quarter valued at about $26,000. Peddock Capital Advisors LLC boosted its position 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 valued at $26,000 after acquiring an additional 615 shares during the period. Finally, Berman Capital Advisors LLC boosted its position in shares of Advanced Micro Devices by 99.4% in the first quarter. Berman Capital Advisors LLC now owns 1,077 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 537 shares during the period. 60.85% of the stock is owned by institutional investors.

The stock has a market cap of $35.05 billion, a PE ratio of 91.94, a PEG ratio of 1.94 and a beta of 3.18. 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 (NASDAQ:AMD) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Advanced Micro Devices had a net margin of 4.46% and a return on equity of 25.23%. Advanced Micro Devices’s quarterly revenue was down 22.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.11 earnings per share. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 0.55 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Advanced Micro Devices (NASDAQ:AMD) Shares Gap Up After Analyst Upgrade” was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another site, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this news story can be viewed at https://www.com-unik.info/2019/06/13/advanced-micro-devices-nasdaqamd-shares-gap-up-after-analyst-upgrade.html.

Advanced Micro Devices Company Profile (NASDAQ:AMD)

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.

See Also: Quiet Period Expirations Explained

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.



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