Advanced Micro Devices (NASDAQ:AMD) had its price objective hoisted by UBS Group from $24.00 to $31.00 in a report issued on Wednesday morning, Stock Target Advisor reports. UBS Group currently has a neutral rating on the semiconductor manufacturer’s stock.
Several other brokerages have also recently issued reports on AMD. Bank of America set a $77.00 target price on Citigroup and gave the stock a buy rating in a report on Monday, June 10th. Wedbush raised Sunstone Hotel Investors from a neutral rating to an outperform rating in a report on Wednesday, June 26th. ValuEngine raised XCel Brands from a sell rating to a hold rating in a report on Tuesday. Wells Fargo & Co reduced their target price on WellCare Health Plans from $346.00 to $330.00 and set an outperform rating on the stock in a report on Wednesday, May 1st. Finally, MKM Partners lifted their target price on Advanced Micro Devices to $28.00 and gave the stock a neutral rating in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seventeen have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $30.08.
NASDAQ:AMD opened at $33.21 on Wednesday. Advanced Micro Devices has a 52 week low of $15.72 and a 52 week high of $34.30. The company has a current ratio of 2.08, a quick ratio of 1.54 and a debt-to-equity ratio of 0.57. The firm’s 50-day simple moving average is $30.24. The company has a market capitalization of $35.76 billion, a PE ratio of 94.89, a PEG ratio of 2.00 and a beta of 3.08.
In other Advanced Micro Devices news, insider Darla M. Smith sold 27,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $29.45, for a total transaction of $795,150.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 250,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $26.75, for a total value of $6,687,500.00. Following the transaction, the chief executive officer now owns 2,511,264 shares of the company’s stock, valued at approximately $67,176,312. The disclosure for this sale can be found here. Insiders have sold 1,033,066 shares of company stock valued at $30,445,396 in the last 90 days. Company insiders own 1.50% of the company’s stock.
Several large investors have recently made changes to their positions in the business. Standard Life Aberdeen plc raised its stake in Advanced Micro Devices by 3.7% in the 4th quarter. Standard Life Aberdeen plc now owns 229,502 shares of the semiconductor manufacturer’s stock valued at $4,014,000 after acquiring an additional 8,234 shares during the period. Great West Life Assurance Co. Can raised its stake in Advanced Micro Devices by 2.9% in the 4th quarter. Great West Life Assurance Co. Can now owns 526,424 shares of the semiconductor manufacturer’s stock valued at $9,241,000 after acquiring an additional 14,803 shares during the period. Bessemer Group Inc. raised its stake in Advanced Micro Devices by 81.7% in the 4th quarter. Bessemer Group Inc. now owns 1,968 shares of the semiconductor manufacturer’s stock valued at $37,000 after acquiring an additional 885 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Advanced Micro Devices in the 4th quarter valued at $825,000. Finally, Dimensional Fund Advisors LP raised its stake in Advanced Micro Devices by 4.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,399,337 shares of the semiconductor manufacturer’s stock valued at $62,743,000 after acquiring an additional 136,475 shares during the period. Institutional investors and hedge funds own 60.73% of the company’s stock.
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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