On Thursday, Advanced Micro Devices, Inc. (NASDAQ:AMD) experienced unusual options trading activity, with stock traders purchasing 1,069,156 call options on the company, marking an 88% increase compared to the typical volume of 569,665 call options.
Several brokerages have provided their insights on AMD. Raymond James raised their price target on the company’s shares from $125.00 to $140.00 and issued a ‘strong-buy’ rating in a research report on December 7th. Bank of America also upgraded AMD from a ‘neutral’ to a ‘buy’ rating, setting a $165.00 price target on the stock, while Stifel Nicolaus reiterated a ‘buy’ rating and a $145.00 price target.
