Northland Securities Believes Advanced Micro Devices (NASDAQ: AMD) Still Has Room to Grow

By Jason Carr

In a report issued on June 21, Tom Sepenzis from Northland Securities reiterated a Buy rating on Advanced Micro Devices (NASDAQ: AMD), with a price target of $17.50. The company’s shares closed yesterday at $14.17, close to its 52-week high of $15.55.

According to TipRanks.com, Sepenzis is a 4-star analyst with an average return of 18.6% and a 50.0% success rate. Sepenzis covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, O2Micro International, and Akoustis Technologies.

Currently, the analyst consensus on Advanced Micro Devices is Hold and the average price target is $12.87, representing a -9.2% downside.

In a report issued on June 9, BMO Capital also reiterated a Buy rating on the stock with a $15 price target.

The company has a one year high of $15.55 and a one year low of $4.65. Currently, Advanced Micro Devices has an average volume of 72.71M.

Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Harry Wolin, the SVP & GC of AMD sold 46,875 shares for a total of $597,656.

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. is a global semiconductor company that develops computer processors and related technologies for business and consumer markets. It design and integrate technology for intelligent devices, including personal computers, game consoles and cloud servers. It operates through the following segments: Computing and Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop, notebook processors, chipsets, discrete GPUs and professional graphics. The Enterprise, Embedded and Semi-Custom segment includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties. The company was founded by W. J. Sanders III and David John Carey on May 1, 1969 and is headquartered in Sunnyvale, CA.,000BK7-E