In a report released today, Joseph Moore from Morgan Stanley maintained a Sell rating on Advanced Micro Devices (NASDAQ: AMD), with a price target of $11. The company’s shares closed yesterday at $16.69, close to its 52-week high of $17.34.
According to TipRanks.com, Moore is a 5-star analyst with an average return of 16.1% and a 61.7% success rate. Moore covers the Consumer Goods sector, focusing on stocks such as Texas Instruments, Western Digital, and Amphenol Corp.
Advanced Micro Devices has an analyst consensus of Moderate Buy, with a price target consensus of $15.47.
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The company has a one-year high of $17.34 and a one-year low of $9.04. Currently, Advanced Micro Devices has an average volume of 58.49M.
Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Harry Wolin, the SVP, GC & Corporate Secretary of AMD sold 184,050 shares for a total of $2,626,394.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Advanced Micro Devices, Inc. engages in the provision of semiconductor businesses. It operates through the Computing and Graphics; and Enterprise, Embedded and Semi-Custom segments. The Computing and Graphics segment includes desktop and notebook processors and chipsets, and discrete and integrated graphics processing units.
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