In a report released today, Rick Schafer from Oppenheimer maintained a Hold rating on Advanced Micro Devices (AMD). The company’s shares closed last Monday at $50.93, close to its 52-week high of $51.05.
According to TipRanks.com, Schafer is a top 100 analyst with an average return of 18.6% and a 75.4% success rate. Schafer covers the Consumer Goods sector, focusing on stocks such as Akoustis Technologies, Texas Instruments, and Broadcom.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Advanced Micro Devices with a $43.23 average price target, representing a -13.9% downside. In a report issued on January 7, Morgan Stanley also maintained a Hold rating on the stock with a $42.00 price target.
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The company has a one-year high of $51.05 and a one-year low of $19.05. Currently, Advanced Micro Devices has an average volume of 50.46M.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AMD in relation to earlier this year. Most recently, in November 2019, Harry Wolin, the SVP, GC & Corporate Secretary of AMD sold 57,325 shares for a total of $2,303,892.
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 & Graphics and Enterprise, Embedded & 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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