Advanced Micro Devices (NASDAQ:AMD) had its target price raised by Wells Fargo & Co from $40.00 to $48.00 in a research note released on Tuesday, The Fly reports. They currently have a positive rating on the semiconductor manufacturer’s stock. The analysts noted that the move was a valuation call.
A number of other analysts have also weighed in on AMD. Zacks Investment Research lowered Advanced Micro Devices from a buy rating to a hold rating and set a $38.00 target price for the company. in a report on Monday, November 4th. Nomura upped their target price on Advanced Micro Devices from $37.00 to $40.00 and gave the stock a buy rating in a report on Wednesday, October 30th. Susquehanna Bancshares upped their target price on Advanced Micro Devices from $34.00 to $35.00 and gave the stock a neutral rating in a report on Wednesday, October 30th. Morgan Stanley upped their target price on Advanced Micro Devices from $30.00 to $32.00 and gave the stock an equal weight rating in a report on Monday, October 21st. Finally, UBS Group upped their target price on Advanced Micro Devices from $31.00 to $34.00 and gave the stock a neutral rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $35.77.
Shares of NASDAQ AMD opened at $39.52 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.54 and a current ratio of 2.10. The firm has a market capitalization of $45.98 billion, a price-to-earnings ratio of 158.81, a PEG ratio of 3.72 and a beta of 3.07. The stock has a 50 day moving average price of $33.43 and a 200 day moving average price of $31.16. Advanced Micro Devices has a 52-week low of $16.03 and a 52-week high of $41.79.
In other news, SVP Paul Darren Grasby sold 6,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $31.30, for a total transaction of $187,800.00. Following the transaction, the senior vice president now directly owns 33,113 shares of the company’s stock, valued at $1,036,436.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Devinder Kumar sold 128,241 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $31.63, for a total value of $4,056,262.83. Following the completion of the transaction, the chief financial officer now directly owns 603,253 shares in the company, valued at $19,080,892.39. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 791,179 shares of company stock worth $26,212,760. Insiders own 1.50% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMD. Centaurus Financial Inc. increased its position in shares of Advanced Micro Devices by 32.3% in the 1st quarter. Centaurus Financial Inc. now owns 2,295 shares of the semiconductor manufacturer’s stock valued at $90,000 after acquiring an additional 560 shares during the period. Swedbank grew its position in Advanced Micro Devices by 69.4% during the 2nd quarter. Swedbank now owns 751,376 shares of the semiconductor manufacturer’s stock worth $22,819,000 after purchasing an additional 307,795 shares during the period. WINTON GROUP Ltd acquired a new stake in Advanced Micro Devices during the 2nd quarter worth about $237,000. Carroll Financial Associates Inc. grew its position in Advanced Micro Devices by 2,857.0% during the 2nd quarter. Carroll Financial Associates Inc. now owns 5,914 shares of the semiconductor manufacturer’s stock worth $179,000 after purchasing an additional 5,714 shares during the period. Finally, Calton & Associates Inc. acquired a new stake in Advanced Micro Devices during the 2nd quarter worth about $204,000. 63.99% of the stock is currently owned by hedge funds and other institutional investors.
About Advanced Micro Devices
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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