Wednesday, 13 December, 2017

The Advanced Micro Devices, Inc. (AMD) Earns Buy Rating from Rosenblatt Securities

AMD image Mubadala sells key stake in AMD for $613m
Garry Little | 09 March, 2017, 00:32

(NASDAQ:AMD), from Technology sector has been performing well.

When it comes to the Analysis of a Stock, Price Target plays a vital role.

AMD has been the topic of several other research reports. Analysts have placed a $11.79 price target on Advanced Micro Devices, Inc., suggesting a -9.52% decline from recent close.

03/02/2017 - Advanced Micro Devices, Inc. had its " rating reiterated by analysts at Rosenblatt Securities. Pacific Crest restated an equal weight rating on shares of Advanced Micro Devices in a research report on Wednesday, December 14th. The Rating was issued on Dec 15, 2016.Advanced Micro Devices is Upgraded by BofA/Merrill to Buy. Wall Street is only getting more bullish on the stock, with 11 of analysts who cover AMD having a buy-equivalent rating. The shares were sold at an average price of $9.96, for a total value of $560,150.40.

Advanced Micro Devices, Inc. closed its last trading session at $13.9 with the loss of -6.26%. (NASDAQ:AMD) has the market capitalization of $12.25 Billion. The company has a 50 day moving average of $12.48 and a 200 day moving average of $9.28. Advanced Micro Devices has a one year low of $2.15 and a one year high of $15.55. (NASDAQ:AMD) reported its EPS in the last quarter as $-0.01/Share beating the analyst estimate of $-0.02/Share by the difference of $0.01. During the same quarter previous year, the firm earned ($0.10) EPS. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.07 billion. The current share price indicate that stock is -16.14% away from its one year high and is moving 506.51% ahead of its 52-week low. Advanced Micro Devices's quarterly revenue was up 15.4% on a year-over-year basis.

Many analysts are providing their Estimated Earnings analysis for Advanced Micro Devices, Inc. and for the current quarter 19 analysts have projected that the stock could give an Average Earnings estimate of $-0.04/share.

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The latest Insider trade was made on 22 Feb 2017 where Anderson (James Robert) Officer did a transaction type "Sell" in which 20000 shares were traded at a price of $14.02. The company's institutional ownership is monitored at 68.5 percent. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The disclosure for this sale can be found here.

The counter witnessed a trading volume of 37.87 million shares versus an average volume of 25.96 million shares during last trading session.

Institutional investors have recently modified their holdings of the stock. Neuberger Berman Group LLC purchased a new position in Advanced Micro Devices during the second quarter worth $116,000.

With its plan to hold the remaining 97 million shares it owns in AMD, the Emirati company is still the largest single shareholder in the company followed by the US-based asset management company BlackRock, which now owns an 8.69 per cent stake, it added. Thrivent Financial for Lutherans raised its stake in Advanced Micro Devices by 17.3% in the fourth quarter. Nationwide Fund Advisors now owns 1,867,494 shares of the semiconductor manufacturer's stock valued at $12,904,000 after buying an additional 21,322 shares during the period.


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