Advanced Micro Devices (NDAQ:AMD) Price Target Change

In a report made public by Longbow on 12 June, Advanced Micro Devices (NDAQ:AMD) had its target price increased to $13.10. The firm presently has Neutral rating on the stock.

According to data compiled by Thomson Reuters, Advanced Micro Devices (NDAQ:AMD)’s stock is covered by 19 equity analysts across the Street, with 7 analysts giving it a Sell rating, 4 a Buy rating, while 16 consider it a Hold. The 12-month consensus target price for the stock is $2.28, which reflects an downside potential of 81.14% over the current price.

Institutional Ownership

Sanctuary Wealth Advisors Llc had the most significant stake with ownership of 803,698 shares as of q2 2015 for 7.51% of the US equity exposure. Hood River Capital Management Llc is another quite bullish investment professional who is owning 4.72M shares of Advanced Micro Devices or 3.34% of their US equity exposure. In addition, Morgens Waterfall Vintiadis & Co Inc have 2.41% of their US equity exposure invested in the company for 400,000 shares. The Hong Kong-based fund Myriad Asset Management Ltd. revealed it had bought a stake worth about 1.99% of the investment professional’s stock portfolio in Advanced Micro Devices. The Wyoming-based fund Friess Associates Llc is also positive about the stock, possessing 4.53M shares or 1.95% of their US equity exposure.

Advanced Micro Devices (NDAQ:AMD) Profile

Advanced Micro Devices, Inc. is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), 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. The Company’s segments include the Computing and Graphics segment, and the Enterprise, Embedded and Semi-Custom segment.

Advanced Micro Devices (NDAQ:AMD) traded down -1.55% on 12 June, hitting $12.09. A total of 125.58 million shares of the company’s stock traded hands. This is up from average of 81.57 million shares. Advanced Micro Devices has a 52 week low of $4.30 and a 52 week high of $15.55. The company has a market cap of $10.88 billion and a P/E ratio of 0.

Get the latest Advanced Micro Devices (NDAQ:AMD) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Advanced Micro Devices (NDAQ:AMD) Had Its Price Objective Increased by Analysts at Longbow to $13.10 appeared first on Octafinance.