Advanced Micro Devices (NASDAQ:AMD) Receives Upgrade From Susquehanna. Will Other Analysts Follow Suit?

May 16, 2018 - By Hannah Black

Advanced Micro Devices, Inc. (NASDAQ:AMD) Logo

Investors sentiment decreased to 1.09 in 2017 Q4. Its down 0.42, from 1.51 in 2017Q3. It dropped, as 79 investors sold Advanced Micro Devices, Inc. shares while 108 reduced holdings. 69 funds opened positions while 135 raised stakes. 577.22 million shares or 3.15% more from 559.57 million shares in 2017Q3 were reported.

The Ohio-based Bartlett Company Ltd Llc has invested 0% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Texas Permanent School Fund accumulated 0.03% or 223,875 shares. Moreover, Federated Investors Inc Pa has 0.11% invested in Advanced Micro Devices, Inc. (NASDAQ:AMD). Raymond James And Assocs holds 0.01% or 320,168 shares. Citigroup has invested 0% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Parametric Port Assocs Lc invested in 840,518 shares or 0.01% of the stock. Conning has invested 0.01% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Chilton Invest Ltd Com accumulated 10,000 shares. Cibc Ww Markets Inc reported 159,850 shares or 0.01% of all its holdings. Peak6 Investments L P, a Illinois-based fund reported 1.98 million shares. Moreover, Architects Incorporated has 0.01% invested in Advanced Micro Devices, Inc. (NASDAQ:AMD) for 3,090 shares. Schwab Charles Investment holds 0.03% or 3.65M shares in its portfolio. Legal General Grp Public Limited Com owns 3.88 million shares for 0.03% of their portfolio. Employees Retirement Association Of Colorado reported 159,664 shares. Moreover, Investors Asset Management Of Georgia Ga Adv has 0.38% invested in Advanced Micro Devices, Inc. (NASDAQ:AMD).

Since December 11, 2017, it had 0 insider buys, and 18 sales for $21.58 million activity. Norrod Forrest Eugene sold $723,500 worth of stock. $906,556 worth of Advanced Micro Devices, Inc. (NASDAQ:AMD) was sold by WOLIN HARRY A on Monday, January 15. ANDERSON JAMES ROBERT had sold 75,000 shares worth $752,250. $1.26 million worth of Advanced Micro Devices, Inc. (NASDAQ:AMD) shares were sold by Su Lisa T. 100,000 shares valued at $1.16M were sold by Papermaster Mark D on Tuesday, February 6.

Advanced Micro Devices (NASDAQ:AMD) Stock Upgrade

Advanced Micro Devices (NASDAQ:AMD) was raised by Susquehanna from a “Negative” rating to a solid “Neutral” rating in analysts report issued on 16 May.

Advanced Micro Devices, Inc. (NASDAQ:AMD) Ratings Coverage

Among 22 analysts covering Advanced Micro Devices (NASDAQ:AMD), 9 have Buy rating, 5 Sell and 8 Hold. Therefore 41% are positive. Advanced Micro Devices has $2700 highest and $7.0 lowest target. $13.87’s average target is 7.55% above currents $12.8962 stock price. Advanced Micro Devices had 34 analyst reports since November 17, 2017 according to SRatingsIntel. As per Tuesday, March 13, the company rating was maintained by Jefferies. Bank of America maintained Advanced Micro Devices, Inc. (NASDAQ:AMD) rating on Friday, April 20. Bank of America has “Buy” rating and $1500 target. Susquehanna maintained it with “Hold” rating and $15.0 target in Wednesday, December 13 report. The stock of Advanced Micro Devices, Inc. (NASDAQ:AMD) earned “Buy” rating by M Partners on Monday, January 29. Susquehanna downgraded the shares of AMD in report on Monday, March 26 to “Negative” rating. Susquehanna maintained the stock with “Sell” rating in Wednesday, April 4 report. The rating was maintained by BMO Capital Markets with “Hold” on Sunday, April 8. The stock has “Underweight” rating by Barclays Capital on Thursday, April 19. The stock of Advanced Micro Devices, Inc. (NASDAQ:AMD) earned “Hold” rating by Susquehanna on Monday, January 29. The firm has “Buy” rating given on Thursday, April 5 by Stifel Nicolaus.

The stock increased 3.58% or $0.4462 during the last trading session, reaching $12.8962. About 24.69M shares traded. Advanced Micro Devices, Inc. (NASDAQ:AMD) has declined 27.01% since May 16, 2017 and is downtrending. It has underperformed by 38.56% the S&P500.

Analysts await Advanced Micro Devices, Inc. (NASDAQ:AMD) to report earnings on July, 24. They expect $0.10 EPS, up 1,100.00 % or $0.11 from last year’s $-0.01 per share. AMD’s profit will be $96.94M for 32.24 P/E if the $0.10 EPS becomes a reality. After $0.08 actual EPS reported by Advanced Micro Devices, Inc. for the previous quarter, Wall Street now forecasts 25.00 % EPS growth.

Advanced Micro Devices, Inc. operates as a semiconductor firm worldwide. The company has market cap of $12.50 billion. The Company’s primarily offers x86 microprocessors as an accelerated processing unit , chipsets, discrete graphics processing units (GPUs), and professional graphics; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles. It has a 322.4 P/E ratio. The firm provides x86 microprocessors for desktop PCs under the AMD A-Series, AMD E-Series, AMD FX CPU, AMD Athlon CPU and APU, AMD Sempron APU and CPU, and AMD Pro A-Series APU brands; and microprocessors for notebook and 2-in-1s under the AMD A-Series, AMD E-Series, AMD C-Series, AMD Z-Series, AMD FX APU, AMD Phenom, AMD Athlon CPU and APU, AMD Turion, and AMD Sempron APU and CPU brand names.

More notable recent Advanced Micro Devices, Inc. (NASDAQ:AMD) news were published by: Seekingalpha.com which released: “AMD: Earnings Preview” on April 19, 2018, also Seekingalpha.com with their article: “AMD: Turning Point For Shorts?” published on May 10, 2018, Marketwatch.com published: “AMD’s stock surges after analyst upgrades 2 months after turning bearish” on May 16, 2018. More interesting news about Advanced Micro Devices, Inc. (NASDAQ:AMD) were released by: Seekingalpha.com and their article: “What Drives AMD Stock Price?” published on April 17, 2018 as well as Schaeffersresearch.com‘s news article titled: “Analyst Says Buy AMD Stock Call Options During Consensus” with publication date: May 14, 2018.

Advanced Micro Devices, Inc. (NASDAQ:AMD) Institutional Positions Chart

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