Cowen & Co. Maintains Their Buy Rating on Advanced Micro Devices (AMD)

By Carrie Williams

Cowen & Co. analyst Matt Ramsay maintained a Buy rating on Advanced Micro Devices (NASDAQ: AMD) today and set a price target of $30. The company’s shares opened today at $28.06, close to its 52-week high of $28.11.

According to TipRanks.com, Ramsay is a top 100 analyst with an average return of 25.5% and a 65.2% success rate. Ramsay covers the Consumer Goods sector, focusing on stocks such as Monolithic Power, Cirrus Logic, and Ambarella.

Advanced Micro Devices has an analyst consensus of Moderate Buy, with a price target consensus of $19.82, a -29.4% downside from current levels. In a report issued on August 23, Rosenblatt Securities also maintained a Buy rating on the stock with a $30 price target.

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Advanced Micro Devices’ market cap is currently $24.54B and has a P/E ratio of 87.69. The company has a Price to Book ratio of 31.12.

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 391,046 shares for a total of $9,678,389.

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 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.