In a report released today, Kevin Cassidy from Stifel Nicolaus maintained a Buy rating on Advanced Micro Devices (NYSE: AMD), with a price target of $21. The company’s shares closed on Friday at $16.27, close to its 52-week high of $17.34.
According to TipRanks.com, Cassidy is a top 100 analyst with an average return of 23.2% and a 71.0% success rate. Cassidy covers the Consumer Goods sector, focusing on stocks such as Smart Global Holdings Inc, Western Digital, and Synaptics Inc.
Advanced Micro Devices has an analyst consensus of Moderate Buy, with a price target consensus of $16.73.
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Advanced Micro Devices’ market cap is currently $15.77B and has a P/E ratio of 85.63. The company has a Price to Book ratio of 22.05.
Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock. Last 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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