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Principale » Advanced Micro Devices, Inc. (AMD) Earns Outperform Rating from Wells Fargo & Co

Advanced Micro Devices, Inc. (AMD) Earns Outperform Rating from Wells Fargo & Co

13 Mai 2017

Wells Fargo & Co's target price indicates a potential upside of 24.33% from the stock's previous close.

Advanced Micro Devices, Inc. has a consensus hold rating from 29 Wall Street analysts, and the number of shares now sold short amount to at least 12.77% of shares outstanding. Mizuho upped their target price on Advanced Micro Devices from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Tuesday, May 2nd. Goldman Sachs Group Inc cut their price objective on shares of Advanced Micro Devices from $11.00 to $10.60 and set a "sell" rating on the stock in a research report on Tuesday, May 2nd. Jefferies Group LLC restated a "buy" rating and set a $16.00 price target on shares of Advanced Micro Devices in a report on Tuesday, May 2nd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. They set a sell rating and a $11.00 price target for the company.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Monday, May 1st. The company's stock has a normal trading capacity of 67.91M shares while the relative volume is 1.07.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, AMD earned gross profit of 1.84 Billion, in 2015 1.08 Billion gross profit, while in 2016 Advanced Micro Devices, Inc. Company's distance from 20 day simple moving average is -8.64% and distance from 50-Day simple moving average is -15.59%. The stock's market capitalization is $10.39 billion.

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Advanced Micro Devices (NASDAQ:AMD) opened at 11.07 on Tuesday. The semiconductor manufacturer reported ($0.04) EPS for the quarter, meeting the Zacks' consensus estimate of ($0.04). Revenue for the quarter also killed consensus, coming in at $984M, compared to the consensus of 984.38M. Advanced Micro Devices's quarterly revenue was up 18.3% compared to the same quarter previous year. Analysts are forecasting earnings of $-0.03 on a per share basis this quarter. Equities analysts predict that Advanced Micro Devices will post $0.07 earnings per share for the current fiscal year. If you are reading this piece on another domain, it was illegally copied and reposted in violation of USA and worldwide copyright and trademark laws. The correct version of this piece can be viewed at https://sportsperspectives.com/2017/05/12/bank-of-america-corp-reaffirms-buy-rating-for-advanced-micro-devices-inc-amd.html.

In related news, CEO Lisa T. Su sold 87,500 shares of the company's stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $13.43, for a total value of $483,882.90. Following the completion of the sale, the chief financial officer now directly owns 746,635 shares of the company's stock, valued at $7,615,677. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Devinder Kumar sold 94,199 shares of the company's stock in a transaction dated Wednesday, May 3rd. The disclosure for this sale can be found here. Insiders sold a total of 45,298,205 shares of company stock worth $616,727,522 in the last three months. The stock is expected to report revenue as high as $1.2B and as low as $1.15B per share.

Large investors have recently modified their holdings of the stock. Hood River Capital Management LLC now owns 4,722,900 shares of the semiconductor manufacturer's stock worth $32,635,000 after buying an additional 3,184,930 shares in the last quarter. Old Mutual Global Investors UK Ltd. purchased a new stake in Advanced Micro Devices during the first quarter worth approximately $129,039,000. Neuberger Berman Group LLC now owns 23,391 shares of the semiconductor manufacturer's stock valued at $162,000 after buying an additional 804 shares in the last quarter. ING Groep NV purchased a new position in shares of Advanced Micro Devices during the first quarter worth $127,000. US Bancorp DE now owns 11,001 shares of the semiconductor manufacturer's stock valued at $160,000 after buying an additional 1,003 shares during the period.

By historical standards, Advanced Micro Devices, Inc. remains a cheap stock. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.

Advanced Micro Devices, Inc. (AMD) Earns Outperform Rating from Wells Fargo & Co