Nomura assumed coverage on shares of Advanced Micro Devices (NASDAQ:AMD) in a research report report published on Tuesday, April 2nd, Stock Target Advisor reports. The brokerage issued a buy rating and a $33.00 price objective on the semiconductor manufacturer’s stock.
A number of other equities research analysts have also recently commented on AMD. Bank of America cut their target price on Advanced Micro Devices from $30.00 to $27.00 and set a buy rating on the stock in a research note on Thursday, December 20th. ValuEngine downgraded Advanced Micro Devices from a strong-buy rating to a buy rating in a report on Friday, March 1st. Daiwa Capital Markets set a $27.00 price target on Advanced Micro Devices and gave the company a buy rating in a report on Saturday, February 2nd. JPMorgan Chase & Co. increased their target price on Advanced Micro Devices from $18.00 to $20.00 and gave the company an in-line rating in a report on Wednesday, January 30th. Finally, Cowen increased their target price on Advanced Micro Devices from $26.00 to $28.00 and gave the company an outperform rating in a report on Wednesday, January 30th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $26.91.
Shares of AMD traded up $0.22 during trading hours on Tuesday, reaching $27.88. 47,110,169 shares of the company’s stock traded hands, compared to its average volume of 78,384,914. The company has a market cap of $30.25 billion, a PE ratio of 79.66, a price-to-earnings-growth ratio of 1.77 and a beta of 3.40. Advanced Micro Devices has a 12 month low of $10.77 and a 12 month high of $34.14. The company has a current ratio of 1.78, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88.
In other Advanced Micro Devices news, Director Ahmed Yahia sold 51,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $24.08, for a total transaction of $1,228,080.00. Following the completion of the sale, the director now directly owns 82,806 shares of the company’s stock, valued at approximately $1,993,968.48. The sale was disclosed in a filing 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 shares were sold at an average price of $27.54, for a total value of $165,240.00. Following the sale, 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. Insiders have sold a total of 35,453,166 shares of company stock valued at $830,095,189 over the last three months. 1.50% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of AMD. Nepsis Inc. purchased a new position in Advanced Micro Devices during the 1st quarter worth $7,182,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Advanced Micro Devices during the 1st quarter worth $20,795,000. Altman Advisors Inc. purchased a new position in Advanced Micro Devices during the 1st quarter worth $586,000. Oppenheimer & Co. Inc. grew its stake in Advanced Micro Devices by 34.1% during the 1st quarter. Oppenheimer & Co. Inc. now owns 144,042 shares of the semiconductor manufacturer’s stock worth $3,676,000 after buying an additional 36,600 shares during the last quarter. Finally, Avalon Advisors LLC grew its stake in Advanced Micro Devices by 14.6% during the 1st quarter. Avalon Advisors LLC now owns 772,673 shares of the semiconductor manufacturer’s stock worth $19,719,000 after buying an additional 98,185 shares during the last quarter. 58.89% of the stock is 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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