Cowen reissued their outperform rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a report issued on Thursday, Briefing.com Automated Import reports. Cowen currently has a $40.00 target price on the semiconductor manufacturer’s stock, up from their prior target price of $36.00.
A number of other equities research analysts also recently commented on AMD. Mizuho increased their price objective on NXP Semiconductors from $95.00 to $100.00 and gave the company a neutral rating in a research report on Wednesday, May 1st. MKM Partners increased their price objective on Advanced Micro Devices to $28.00 and gave the company a neutral rating in a research report on Wednesday, May 1st. Deutsche Bank downgraded Hilton Hotels from a buy rating to a hold rating and set a $92.60 price objective for the company. in a research report on Wednesday, May 1st. They noted that the move was a valuation call. UBS Group increased their price objective on Willis Towers Watson from $202.00 to $220.00 and gave the company a buy rating in a research report on Wednesday, July 10th. Finally, Nomura increased their price objective on Advanced Micro Devices from $33.00 to $37.00 and gave the company a buy rating in a research report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and sixteen have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $30.40.
Shares of NASDAQ:AMD opened at $32.51 on Thursday. Advanced Micro Devices has a one year low of $15.72 and a one year high of $34.86. The firm’s fifty day moving average is $31.10. The firm has a market cap of $35.16 billion, a P/E ratio of 108.37, a PEG ratio of 1.97 and a beta of 3.08. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.08 and a quick ratio of 1.54.
In other news, insider Mark D. Papermaster sold 30,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $33.34, for a total value of $1,000,200.00. Following the transaction, the insider now directly owns 1,329,588 shares of the company’s stock, valued at $44,328,463.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lisa T. Su sold 250,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $26.75, for a total transaction of $6,687,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,511,264 shares in the company, valued at $67,176,312. The disclosure for this sale can be found here. Insiders sold 1,033,066 shares of company stock worth $30,620,896 over the last ninety days. 1.50% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Joseph P. Lucia & Associates LLC purchased a new stake in Advanced Micro Devices during the 1st quarter valued at approximately $25,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Advanced Micro Devices during the 1st quarter valued at approximately $26,000. Advisory Alpha LLC purchased a new stake in Advanced Micro Devices during the 1st quarter valued at approximately $26,000. Peddock Capital Advisors LLC grew its holdings in Advanced Micro Devices by 151.5% during the 1st quarter. Peddock Capital Advisors LLC now owns 1,021 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 615 shares in the last quarter. Finally, Berman Capital Advisors LLC grew its holdings in Advanced Micro Devices by 99.4% during the 1st quarter. Berman Capital Advisors LLC now owns 1,077 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 537 shares in the last quarter. 60.78% of the stock is currently owned by institutional investors and hedge funds.
Advanced Micro Devices Company Profile
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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