Cowen & Co. Believes Advanced Micro Devices (AMD) Won’t Stop Here

Cowen & Co. analyst Matt Ramsay maintained a Buy rating on Advanced Micro Devices (AMD) today and set a price target of $40. The company’s shares opened today at $33, close to its 52-week high of $34.86.

According to, Ramsay is a top 100 analyst with an average return of 23.6% and a 65.4% success rate. Ramsay covers the Consumer Goods sector, focusing on stocks such as Monolithic Power, Lattice Semicon, and Ambarella.

Currently, the analyst consensus on Advanced Micro Devices is a Moderate Buy with an average price target of $34.05, which is a 3.2% upside from current levels. In a report issued on July 8, Rosenblatt Securities also maintained a Buy rating on the stock with a $42 price target.

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Advanced Micro Devices’ market cap is currently $36.36B and has a P/E ratio of 129.62. The company has a Price to Book ratio of 19.97.

Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. Last month, Harry Wolin, the SVP, GC & Corporate Secretary of AMD sold 202,667 shares for a total of $6,430,457.

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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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