Advanced Micro Devices (NASDAQ:AMD) “Neutral” Rating Kept Today By JP Morgan; The Target Price is $13

April 26, 2018 - By Ellis Scott

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

Investors sentiment decreased to 1.09 in Q4 2017. Its down 0.42, from 1.51 in 2017Q3. It worsened, 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 Sweden-based Livforsakringsbolaget Skandia Omsesidigt has invested 0.01% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Cornerstone reported 0% in Advanced Micro Devices, Inc. (NASDAQ:AMD). D E Shaw & Communications has invested 0.02% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Ellington Mgmt Ltd stated it has 0.02% of its portfolio in Advanced Micro Devices, Inc. (NASDAQ:AMD). Stevens Cap Management L P, Pennsylvania-based fund reported 459,050 shares. Swiss Bank stated it has 0.03% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Employees Retirement Systems Of Texas accumulated 0.05% or 388,000 shares. 41,226 are held by Strs Ohio. Virtu Fincl Limited Liability Corp owns 173,268 shares. Oppenheimer & Inc reported 0.02% stake. Proshare Advisors Limited Liability has invested 0.01% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Geode Cap Mgmt Ltd Com owns 0.03% invested in Advanced Micro Devices, Inc. (NASDAQ:AMD) for 9.49 million shares. Jabre Prtnrs Sa stated it has 915,000 shares or 1.95% of all its holdings. 60,000 are owned by Supplemental Annuity Collective Trust Of Nj. Mitsubishi Ufj Tru & Bk Corporation holds 0.04% of its portfolio in Advanced Micro Devices, Inc. (NASDAQ:AMD) for 2.37 million shares.

Since October 27, 2017, it had 0 insider purchases, and 16 insider sales for $19.60 million activity. Another trade for 62,500 shares valued at $723,500 was sold by Norrod Forrest Eugene. The insider KUMAR DEVINDER sold $1.41M. ANDERSON JAMES ROBERT had sold 125,000 shares worth $1.49M on Wednesday, February 21. Papermaster Mark D sold 150,000 shares worth $1.71 million. The insider WOLIN HARRY A sold 46,875 shares worth $575,156.

Advanced Micro Devices (NASDAQ:AMD) Rating Reaffirmed

Research analysts at JP Morgan now has a $13 target price per share on Advanced Micro Devices (NASDAQ:AMD). JP Morgan and their recent target price per share indicates a potential upside of 17.75 % from the company’s current stock price. The rating has been revealed to clients and investors in a research report on 26 April.

Investors sentiment decreased to 1.09 in Q4 2017. Its down 0.42, from 1.51 in 2017Q3. It worsened, 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 Sweden-based Livforsakringsbolaget Skandia Omsesidigt has invested 0.01% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Cornerstone reported 0% in Advanced Micro Devices, Inc. (NASDAQ:AMD). D E Shaw & Communications has invested 0.02% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Ellington Mgmt Ltd stated it has 0.02% of its portfolio in Advanced Micro Devices, Inc. (NASDAQ:AMD). Stevens Cap Management L P, Pennsylvania-based fund reported 459,050 shares. Swiss Bank stated it has 0.03% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Employees Retirement Systems Of Texas accumulated 0.05% or 388,000 shares. 41,226 are held by Strs Ohio. Virtu Fincl Limited Liability Corp owns 173,268 shares. Oppenheimer & Inc reported 0.02% stake. Proshare Advisors Limited Liability has invested 0.01% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Geode Cap Mgmt Ltd Com owns 0.03% invested in Advanced Micro Devices, Inc. (NASDAQ:AMD) for 9.49 million shares. Jabre Prtnrs Sa stated it has 915,000 shares or 1.95% of all its holdings. 60,000 are owned by Supplemental Annuity Collective Trust Of Nj. Mitsubishi Ufj Tru & Bk Corporation holds 0.04% of its portfolio in Advanced Micro Devices, Inc. (NASDAQ:AMD) for 2.37 million shares.

Since October 27, 2017, it had 0 insider purchases, and 16 insider sales for $19.60 million activity. Another trade for 62,500 shares valued at $723,500 was sold by Norrod Forrest Eugene. The insider KUMAR DEVINDER sold $1.41M. ANDERSON JAMES ROBERT had sold 125,000 shares worth $1.49M on Wednesday, February 21. Papermaster Mark D sold 150,000 shares worth $1.71 million. The insider WOLIN HARRY A sold 46,875 shares worth $575,156.

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

Among 22 analysts covering Advanced Micro Devices (NASDAQ:AMD), 10 have Buy rating, 6 Sell and 6 Hold. Therefore 45% are positive. Advanced Micro Devices has $2700 highest and $7.0 lowest target. $14.28’s average target is 29.35% above currents $11.04 stock price. Advanced Micro Devices had 33 analyst reports since October 30, 2017 according to SRatingsIntel. The stock has “Underweight” rating by Barclays Capital on Thursday, April 19. The stock has “Buy” rating by Bank of America on Friday, April 20. The rating was maintained by Susquehanna with “Hold” on Wednesday, December 13. The firm has “Sell” rating given on Monday, October 30 by Bernstein. The rating was maintained by Jefferies on Tuesday, March 13 with “Buy”. The stock of Advanced Micro Devices, Inc. (NASDAQ:AMD) has “Hold” rating given on Sunday, April 8 by BMO Capital Markets. As per Thursday, April 26, the company rating was maintained by Stifel Nicolaus. As per Wednesday, January 10, the company rating was maintained by M Partners. Rosenblatt maintained the stock with “Buy” rating in Thursday, April 19 report. Argus Research upgraded Advanced Micro Devices, Inc. (NASDAQ:AMD) on Thursday, February 1 to “Buy” rating.

The stock increased 13.70% or $1.33 during the last trading session, reaching $11.04. About 141.47 million shares traded or 129.94% up from the average. Advanced Micro Devices, Inc. (NASDAQ:AMD) has declined 27.01% since April 27, 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 May, 7. They expect $0.06 earnings per share, up 185.71 % or $0.13 from last year’s $-0.07 per share. AMD’s profit will be $58.15 million for 46.00 P/E if the $0.06 EPS becomes a reality. After $0.06 actual earnings per share reported by Advanced Micro Devices, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Advanced Micro Devices, Inc. operates as a semiconductor firm worldwide. The company has market cap of $10.70 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 276 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.

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

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