Northland Securities analyst Gus Richard reiterated a Buy rating on Advanced Micro Devices (NYSE: AMD) yesterday and set a price target of $26. The company’s shares closed yesterday at $19.42, close to its 52-week high of $20.18.
According to TipRanks.com, Richard is a 5-star analyst with an average return of 26.2% and a 69.0% success rate. Richard covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Adesto Technologies Corp, and Axcelis Technologies.
Advanced Micro Devices has an analyst consensus of Moderate Buy, with a price target consensus of $19, which is a -2.2% downside from current levels. In a report issued on July 16, Stifel Nicolaus also maintained a Buy rating on the stock with a $21 price target.
Advanced Micro Devices’ market cap is currently $18.82B and has a P/E ratio of 62.42. The company has a Price to Book ratio of 26.32.
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.
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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.