Advanced Micro Devices, Inc. (AMD) Rating Reiterated by Jefferies Group LLC

Advanced Micro Devices, Inc. (AMD) Rating Reiterated by Jefferies Group LLC”

(NASDAQ:AMD) received a Buy rating from 2 analysts. They now have a $19.00 price objective on the semiconductor manufacturer's stock. Shareholders can make better decisions if they focus on target prices, which convey more information for evaluating the potential risk/reward profile of a stock.

Other equities research analysts have also issued reports about the company.

Shares of Advanced Micro Devices, Inc. Earnings surprises can have a huge impact on a company's stock price. Susquehanna Bancshares Inc restated a "neutral" rating on shares of Advanced Micro Devices in a report on Monday, July 3rd. Canaccord Genuity reiterated a "buy" rating on shares of Advanced Micro Devices in a research note on Tuesday, August 23rd. Six research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of "Hold" and an average price target of $14.16.

Shares of Advanced Micro Devices (NASDAQ AMD) traded down 6.00% during trading on Friday, reaching $11.13. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands. The stock's market capitalization is $10.54 billion. AMD's latest closing price was -7.43% away from the average price of 200 days while it maintained a distance of -8.99% from the 50 Day Moving Average and -12.67% away compared to its SMA 20. For the current quarter Adv Micro Devices (NASDAQ:AMD) has high EPS estimates of $0.07 in contradiction of low EPS estimates of $0.04. According to the Analysts, the Low Earnings estimate for the current quarter is $0.04, while the High earnings estimate is $0.07.Comparatively, EPS for the same quarter a year ago was $0.03. Advanced Micro Devices had a negative return on equity of 4.99% and a negative net margin of 1.39%.

The company now has an insider ownership of 0.6 Percent and Institutional ownership of 67.9 Percent. This was evident from the fact that third-quarter revenues were the highest since 2011, primarily driven by robust performance of the company's product portfolio comprising Ryzen, EPYC and Radeon Vega.

For the ongoing Fiscal Quarter, 24 analysts have an average earnings forecast of $0.05 per share. (NASDAQ:AMD) CEO Lisa T. Su sold 665,414 shares of the business's stock in a transaction that occurred on Friday, November 4th. As a result, shareholders under-react when stock prices approach the 52-week high, and as a result, contrary to most shareholders' expectations, stocks near their 52-week highs tend to be systematically undervalued. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The stock price hovered in an intraday range of $11.35- $12.19. The disclosure for this sale can be found here. A statistical measure of the dispersion of returns (volatility) for AMD producing salvation in Investors mouth, it has week volatility of 3.27% and for the month booked as 2.84%. Insiders own 1.60% of the company's stock.

Several other hedge funds have also made changes to their positions in AMD. Regal Investment Advisors LLC purchased a new position in shares of Advanced Micro Devices in the 2nd quarter worth about $137,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Advanced Micro Devices by 51.7% in the 2nd quarter. Global X Management Co.

Cornerstone Capital Management Holdings LLC. decreased its position in Advanced Micro Devices, Inc. Finally, IBM Retirement Fund bought a new position in shares of Advanced Micro Devices during the second quarter worth about $153,000. Institutional investors and hedge funds own 59.10% of the company's stock.

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