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Argus Research Believes Advanced Micro Devices (AMD) Won’t Stop Here


Argus Research analyst Jim Kelleher maintained a Buy rating on Advanced Micro Devices (NASDAQ: AMD) today and set a price target of $40. The company’s shares opened today at $31.43, close to its 52-week high of $34.14.

According to TipRanks.com, Kelleher is a 5-star analyst with an average return of 24.2% and a 71.2% success rate. Kelleher covers the Consumer Goods sector, focusing on stocks such as Motorola Solutions, Arista Networks, and Ciena Corp.

Currently, the analyst consensus on Advanced Micro Devices is a Moderate Buy with an average price target of $23.84, representing a -24.1% downside. In a report issued on September 3, Jefferies also maintained a Buy rating on the stock with a $30 price target.

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The company has a one-year high of $34.14 and a one-year low of $9.04. Currently, Advanced Micro Devices has an average volume of 94.6M.

Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock. Last month, Harry Wolin, the SVP, GC & Corporate Secretary of AMD sold 391,046 shares for a total of $9,678,389.

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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