Adv Micro Devices (NASDAQ:AMD)
They now have a United States dollars 12 price target on the stock.
AMD has been the subject of several research reports.
Fast forward seven weeks, and Advanced Micro Devices’ shares are selling for a much higher price, $14.17 at the time of writing this article. Vetr upgraded shares of Advanced Micro Devices from a buy rating to a strong-buy rating and set a $16.07 target price for the company in a report on Thursday, February 23rd. Mizuho restated a “buy” rating and issued a $14.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 17th. Canaccord Genuity restated a buy rating and issued a $17.00 target price on shares of Advanced Micro Devices in a report on Thursday, April 6th.
According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.7 out of the scale from 1 to 5, where 1 stands for Buy and 5 means Sell. Finally, Coldstream Capital Management Inc. increased its stake in shares of Advanced Micro Devices by 2.8% in the fourth quarter. ING Groep NV purchased a new stake in shares of Advanced Micro Devices during the first quarter valued at about $127,000. Advanced Micro Devices, Inc. has a 52-week low of 4.65 and a 52-week high of 15.55. The firm’s market capitalization is $13.39 billion. The stock has a 50 day moving average of $11.30 and a 200 day moving average of $12.16.
Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Monday, May 1st. (AMD) is -0.04 while the analysts predicted the EPS of the stock to be -0.04 suggesting the company fell short of the analysts’ expectations.
Analysts are also projecting an Average Revenue Estimate for Advanced Micro Devices, Inc.as $1.16 Million in the Current Quarter. Advanced Micro Devices had a negative return on equity of 76.29% and a negative net margin of 10.42%. The company’s revenue was up 18.3% on a year-over-year basis. During the same quarter past year, the company posted ($0.12) earnings per share. After $-0.07 actual EPS reported by Advanced Micro Devices, Inc. for the previous quarter, Wall Street now forecasts -42.86% EPS growth.
COPYRIGHT VIOLATION NOTICE: This news story was first published by [[site]] and is the property of of [[site]]. If you are accessing this piece of content on another domain, it was stolen and republished in violation of USA and global copyright and trademark law. The legal version of this news story can be viewed at [[permalink]]. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering. (NASDAQ:AMD) SVP Forrest Eugene Norrod sold 62,500 shares of the business’s stock in a transaction dated Friday, June 9th. Following the sale, the senior vice president now directly owns 646,061 shares in the company, valued at approximately $8,534,465.81. The company’s a year ago sales total was 1.03 Million. Institutional investors and hedge funds own 57.43% of the company’s stock. The disclosure for this sale can be found here.
The Stock had a 2.11 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 2 and 2 respectively. Insiders own 1.60% of the company’s stock. Investors bought 68,965 call options on the stock.
06/09/2017 – Longbow Research began new coverage on Advanced Micro Devices, Inc. giving the company a “neutral” rating. Numeric Investors LLC now owns 130,100 shares of the semiconductor manufacturer’s stock worth $1,475,000 after buying an additional 112,300 shares in the last quarter. Concert Wealth has invested 0.04% in Advanced Micro Devices, Inc. For the quarter, shares have been noted at 9.08%.
That said, though, there was a good opportunity in Advanced Micro Devices since the sell-off contained a huge emotional element, and shares were wildly oversold.
Analysts await Advanced Micro Devices, Inc.