The shares of AMD have undergone some unusually- strong trading volume on Wednesday after research equity decided to increase the price target. The target increased from a price of $125 to a sum of $130. Currently, Susquehanna Bancshares has had a rating of positive on the stock. Almost 3 million shares were traded in the trading that took place mid-day which was a decline of almost 91% from the previous session volume of around 37 million.
The Stock Commentary Of AMD
There have been quite a few research equities that have commented on the stocks of AMD. KeyCorp had already put up a rating of sector weight in a 20th May research report. Summit Insights has reduced the rating of the company from buy to hold in a 28th April research report.
Benchmark has increased the price target of the company from $100 to $110 with a rating of buy in a Wednesday research report. Westpak Capital has issued the company with a rating of buy in a 25th March research report. The Goldman Sachs Group has also put up a rating of buy with a price target of $115 in a Wednesday research report.
Three of the investment analysts have already issued the company with a rating of sell, while ten others have issued the company with a rating of hold. Close to twenty-one analysts have issued the company with a rating of buy. Currently, AMD has a buy rating with a $99.81 price target.
AMD previously updated their quarterly report in a 26th July research report. The manufacturer of semiconductors reported an EPS of $0.63 which was more than the consensus estimate set by Zacks at $0.54. The return on equity for the company was 35.31% with a net margin of 25.24%. The revenue generated by the company during this period was $3.85 billion.