Advanced Micro Devices (NASDAQ:AMD) had its target price increased by Nomura from $33.00 to $37.00 in a research note published on Tuesday, The Fly reports. The brokerage currently has a buy rating on the semiconductor manufacturer’s stock.
Several other research firms have also recently issued reports on AMD. JPMorgan Chase & Co. decreased their price target on shares of Whitbread from GBX 5,400 ($70.56) to GBX 5,100 ($66.64) and set an overweight rating on the stock in a research note on Wednesday, May 1st. Barclays raised their target price on shares of Shopify from $155.00 to $225.00 and gave the stock an equal weight rating in a research report on Wednesday, May 1st. ValuEngine cut shares of Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Zacks Investment Research cut shares of Great Portland Estates from a hold rating to a sell rating in a research report on Tuesday, April 16th. Finally, Craig Hallum raised their target price on shares of 1-800-Flowers.Com from $26.00 to $20.00 and gave the stock a buy rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seventeen have given a buy rating to the stock. Advanced Micro Devices currently has an average rating of Buy and a consensus target price of $30.08.
Shares of NASDAQ AMD opened at $33.06 on Tuesday. The firm has a market cap of $36.55 billion, a PE ratio of 94.46, a price-to-earnings-growth ratio of 2.05 and a beta of 3.08. Advanced Micro Devices has a 52 week low of $15.72 and a 52 week high of $34.30. The company has a 50-day simple moving average of $30.10. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 2.08.
In related news, insider Darla M. Smith sold 27,000 shares of Advanced Micro Devices stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $29.45, for a total value of $795,150.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 Tuesday, June 4th. The stock was sold at an average price of $28.39, for a total transaction of $170,340.00. Following the completion of the sale, the senior vice president now owns 22,979 shares of the company’s stock, valued at approximately $652,373.81. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,033,066 shares of company stock valued at $30,445,396. Insiders own 1.50% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Standard Life Aberdeen plc raised its holdings in shares of Advanced Micro Devices by 3.7% during the fourth quarter. Standard Life Aberdeen plc now owns 229,502 shares of the semiconductor manufacturer’s stock worth $4,014,000 after purchasing an additional 8,234 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in Advanced Micro Devices by 2.9% in the fourth quarter. Great West Life Assurance Co. Can now owns 526,424 shares of the semiconductor manufacturer’s stock valued at $9,241,000 after buying an additional 14,803 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Advanced Micro Devices by 24.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 162,126 shares of the semiconductor manufacturer’s stock valued at $2,992,000 after buying an additional 31,500 shares in the last quarter. Bessemer Group Inc. boosted its position in Advanced Micro Devices by 81.7% during the fourth quarter. Bessemer Group Inc. now owns 1,968 shares of the semiconductor manufacturer’s stock worth $37,000 after acquiring an additional 885 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Advanced Micro Devices during the fourth quarter worth about $825,000. Institutional investors and hedge funds own 60.73% of the company’s stock.
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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