Advanced Micro Devices (NASDAQ:AMD) Trading Up 2% on Analyst Upgrade

Advanced Micro Devices, Inc. (NASDAQ:AMD) saw a 2% increase in share price on Friday after Wells Fargo & Company raised their price target on the stock to $205.00. The company traded as high as $185.65 and closed at $185.59, with 15,741,405 shares changing hands. Several research analysts have recently given ratings on AMD, with most giving a buy rating. Insider Mark D. Papermaster sold 16,200 shares of the stock on June 14th. Institutional investors have also been active in modifying their holdings of AMD. The company reported $0.62 EPS for the quarter, beating estimates by $0.01. With a market cap of $293.54 billion, AMD operates as a semiconductor company worldwide, offering a range of products including microprocessors and GPUs. Investors can receive daily news and ratings for AMD by subscribing to MarketBeat.com’s newsletter.

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