Published On: Wed, Sep 21st, 2016

Advanced Micro Devices Inc. (AMD) Coverage Initiated at Susquehanna

Equities researchers at Susquehanna started coverage on shares of Advanced Micro Devices Inc. (NASDAQ:AMD) in a report released on Tuesday. The brokerage set a “neutral” rating and a $6.50 price target on the semiconductor manufacturer’s stock. Susquehanna’s price objective would suggest a potential upside of 5.35% from the company’s previous close.
Several other brokerages have also recently weighed in on AMD. Vetr cut Advanced Micro Devices from a “sell” rating to a “strong sell” rating and set a $6.54 price target on the stock. in a research report on Monday, August 22nd. MKM Partners reiterated a “buy” rating and set a $5.00 price target (up from $4.00) on shares of Advanced Micro Devices in a research report on Monday, June 13th. Sanford C. Bernstein upgraded Advanced Micro Devices from an “underperform” rating to a “market perform” rating and upped their price target for the company from $3.00 to $5.00 in a research report on Tuesday. Jefferies Group reiterated a “buy” rating and set a $6.75 price target (up from $5.50) on shares of Advanced Micro Devices in a research report on Friday, July 22nd. Finally, Wells Fargo & Co. reiterated an “outperform” rating on shares of Advanced Micro Devices in a research report on Wednesday, September 7th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Advanced Micro Devices has an average rating of “Hold” and an average target price of $5.62.
Shares of Advanced Micro Devices (NASDAQ:AMD) traded up 0.16% on Tuesday, reaching $6.17. 28,990,858 shares of the company were exchanged. The firm’s market capitalization is $4.91 billion. The stock’s 50-day moving average is $6.78 and its 200 day moving average is $4.73. Advanced Micro Devices has a 12-month low of $1.65 and a 12-month high of $8.00.

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Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Thursday, July 21st. The semiconductor manufacturer reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.03. The firm earned $1.03 billion during the quarter, compared to the consensus estimate of $951.89 million. On average, analysts forecast that Advanced Micro Devices will post ($0.20) EPS for the current year.
A number of institutional investors have recently bought and sold shares of AMD. Neuberger Berman Group LLC purchased a new position in Advanced Micro Devices during the second quarter worth about $116,000. Gilder Gagnon Howe & Co. LLC increased its position in Advanced Micro Devices by 7.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 25,072 shares of the semiconductor manufacturer’s stock worth $129,000 after buying an additional 1,800 shares during the period. Courier Capital Corp increased its position in Advanced Micro Devices by 0.8% in the second quarter. Courier Capital Corp now owns 25,200 shares of the semiconductor manufacturer’s stock worth $130,000 after buying an additional 200 shares during the period. Calvert Investment Management Inc. purchased a new position in Advanced Micro Devices during the second quarter worth about $173,000. Finally, GSA Capital Partners LLP purchased a new position in Advanced Micro Devices during the second quarter worth about $179,000. Institutional investors and hedge funds own 46.63% of the company’s stock.
Advanced Micro Devices Company Profile
Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as a standalone central processing unit (CPU) or as incorporated into an accelerated processing unit (APU), chipsets, and discrete graphics processing units (GPUs) for the consumer, commercial and professional graphics markets, and server and embedded CPUs, GPUs and APUs, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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