Advanced Micro Devices (AMD) PT Lowered to $13.00

Advanced Micro Devices (NASDAQ:AMD) had its price target reduced by Susquehanna Bancshares from $15.00 to $13.00 in a research note issued to investors on Thursday. The brokerage currently has a “neutral” rating on the semiconductor manufacturer’s stock. Susquehanna Bancshares’ price objective indicates a potential upside of 3.26% from the stock’s current price.

AMD has been the subject of a number of other reports. Credit Suisse Group raised their price target on Advanced Micro Devices from $10.50 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Jefferies Group reaffirmed a “buy” rating and issued a $19.00 price target on shares of Advanced Micro Devices in a report on Wednesday, October 25th. Bank of America reaffirmed a “buy” rating on shares of Advanced Micro Devices in a report on Sunday, October 1st. Goldman Sachs Group dropped their price objective on Advanced Micro Devices from $11.40 to $10.40 and set a “sell” rating for the company in a research note on Wednesday, November 29th. Finally, Zacks Investment Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Friday, October 27th. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.56.

Advanced Micro Devices (AMD) opened at $12.59 on Thursday. Advanced Micro Devices has a twelve month low of $9.67 and a twelve month high of $15.65. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.70 and a quick ratio of 1.20. The company has a market capitalization of $12,031.04, a price-to-earnings ratio of -139.89, a PEG ratio of 6.50 and a beta of 2.47.

In other Advanced Micro Devices news, SVP James Robert Anderson sold 20,000 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $12.04, for a total transaction of $240,800.00. Following the sale, the senior vice president now owns 493,773 shares in the company, valued at $5,945,026.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark D. Papermaster sold 34,330 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $10.62, for a total value of $364,584.60. The disclosure for this sale can be found here. Insiders have sold 1,759,990 shares of company stock worth $19,885,753 in the last 90 days. Company insiders own 1.60% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Coldstream Capital Management Inc. increased its holdings in shares of Advanced Micro Devices by 0.3% in the second quarter. Coldstream Capital Management Inc. now owns 20,735 shares of the semiconductor manufacturer’s stock worth $259,000 after buying an additional 60 shares during the period. Wealthfront Inc. increased its holdings in shares of Advanced Micro Devices by 0.5% in the second quarter. Wealthfront Inc. now owns 20,050 shares of the semiconductor manufacturer’s stock worth $250,000 after buying an additional 104 shares during the period. Nordea Investment Management AB increased its holdings in shares of Advanced Micro Devices by 4.6% in the second quarter. Nordea Investment Management AB now owns 32,480 shares of the semiconductor manufacturer’s stock worth $405,000 after buying an additional 1,438 shares during the period. HighTower Advisors LLC increased its holdings in shares of Advanced Micro Devices by 4.7% in the second quarter. HighTower Advisors LLC now owns 41,126 shares of the semiconductor manufacturer’s stock worth $512,000 after buying an additional 1,856 shares during the period. Finally, Private Advisor Group LLC increased its holdings in shares of Advanced Micro Devices by 32.4% in the second quarter. Private Advisor Group LLC now owns 16,928 shares of the semiconductor manufacturer’s stock worth $234,000 after buying an additional 4,141 shares during the period. Institutional investors and hedge funds 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.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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