Advanced Micro Devices' (AMD) Outperform Rating Reiterated at Wells Fargo & Co

Advanced Micro Devices' (AMD) Outperform Rating Reiterated at Wells Fargo & Co

Advanced Micro had 26 analyst reports since August 13, 2015 according to SRatingsIntel. VEREIT, Inc. (VER) reported that Company's Board of Directors has authorized the repurchase of up to $200 million of shares of its outstanding common stock over the next 12 months as market conditions warrant. In a follow-up to this post, we will also outline our long-term view of AMD stock, after taking into consideration the latest data points and other information from the analyst day presentations. The Massachusetts-based State Street Corp has invested 0.03% in Advanced Micro Devices, Inc. For the next fiscal year, analysts expect that the firm will report earnings of $0.19 per share, with EPS estimates ranging from $0.05 to $0.32. Among the names making big moves are retailer American Eagle Outfitters (NYSE:AEO), biotech Syndax Pharmaceuticals Inc (NASDAQ:SNDX), and chip stock Advanced Micro Devices, Inc. The semiconductor manufacturer reported ($0.04) EPS for the quarter, hitting the Thomson Reuters' consensus estimate of ($0.04). The company's revenue for the quarter was up 18.3% on a year-over-year basis. Comparatively, AMD posted earnings of $-0.04 per share in the same quarter, a year earlier. Vetr upgraded shares of Advanced Micro Devices from a "buy" rating to a "strong-buy" rating and set a $16.07 price objective on the stock in a research note on Thursday, February 23rd. Advanced Micro Devices earned a news impact score of 0.14 on AlphaOne's scale. Morgan Stanley reaffirmed an "equal weight" rating on shares of Advanced Micro Devices in a research note on Monday.

Currently, the analyst consensus on Advanced Micro Devices is Hold and the average price target is $12.62, representing a -1.0% downside. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". $7.28's average target is -35.63% below currents $11.31 stock price. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

In related news, CFO Devinder Kumar sold 94,199 shares of the business's stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $10.24, for a total value of $896,000.00. Following the transaction, the senior vice president now directly owns 732,091 shares in the company, valued at approximately $9,831,982.13. The disclosure for this sale can be found here. During the trading on 05/16/2017, Company's stock ranged from $11.60 to $11.30.

Applied ended the day up 1.7% to close at 45.07 on the stock market today, a record high. It dived, as 59 investors sold FISV shares while 308 reduced holdings. BlackRock Inc. increased its stake in Advanced Micro Devices by 39.9% in the third quarter. Pier Capital LLC raised its position in Advanced Micro Devices by 1.0% in the first quarter. Prudential Financial Inc. now owns 484,583 shares of the semiconductor manufacturer's stock worth $3,348,000 after buying an additional 70,350 shares in the last quarter. Hedge funds and other institutional investors own 54.77% of the company's stock. If you are accessing this report on another domain, it was copied illegally and republished in violation of United States and worldwide copyright and trademark laws. CTL's profit will be $301.25M for 11.24 P/E if the $0.55 EPS becomes a reality.

Shares of Advanced Micro Devices Inc. surged 7.5% in midday trade Tuesday, to stretch their win streak to six sessions, ahead of the chip maker's analyst day. 3,247,683 shares of the company traded hands. The company has market cap of $11.93 billion.

Presently Advanced Micro Devices, Inc.

News headlines about Advanced Micro Devices (NASDAQ:AMD) have trended somewhat positive recently, according to AlphaOne Sentiment. The Enterprise, Embedded and Semi-Custom segment primarily includes server and embedded processors, semi-custom SoC products, development services, technology for game consoles and licensing portions of its intellectual property portfolio.

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