Rosenblatt Securities analyst Hans Mosesmann maintained a Buy rating on Advanced Micro Devices (AMD) today and set a price target of $65.00. The company’s shares closed last Monday at $50.11.
According to TipRanks.com, Mosesmann is a 5-star analyst with an average return of 14.4% and a 58.1% success rate. Mosesmann covers the Consumer Goods sector, focusing on stocks such as Texas Instruments, Monolithic Power, and Lattice Semicon.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Advanced Micro Devices with a $53.00 average price target, implying a 9.8% upside from current levels. In a report issued on February 24, Nomura also reiterated a Buy rating on the stock with a $58.00 price target.
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The company has a one-year high of $59.27 and a one-year low of $21.04. Currently, Advanced Micro Devices has an average volume of 58.16M.
Based on the recent corporate insider activity of 54 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. Last month, Harry Wolin, the SVP, GC & Corporate Secretary of AMD sold 153,984 shares for a total of $7,823,927.
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 following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom.
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