The stock of Advanced Micro Devices, Inc. (NASDAQ:AMD) is a huge mover today! About 30.73 million shares traded hands. Advanced Micro Devices, Inc. (NASDAQ:AMD) has risen 200.43% since March 2, 2016 and is uptrending. It has outperformed by 192.17% the S&P500.
The move comes after 9 months negative chart setup for the $6.09B company. It was reported on Oct, 5 by Barchart.com. We have $6.22 PT which if reached, will make NASDAQ:AMD worth $548.10M less.
Analysts await Advanced Micro Devices, Inc. (NASDAQ:AMD) to report earnings on October, 20. They expect $-0.03 EPS, up 84.21% or $0.16 from last year’s $-0.19 per share. After $-0.07 actual EPS reported by Advanced Micro Devices, Inc. for the previous quarter, Wall Street now forecasts -57.14% EPS growth.
Advanced Micro Devices, Inc. (NASDAQ:AMD) Ratings Coverage
Out of 10 analysts covering Advanced Micro (NASDAQ:AMD), 2 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 20% are positive. Advanced Micro has been the topic of 15 analyst reports since August 13, 2015 according to StockzIntelligence Inc. Topeka Capital Markets initiated the stock with “Hold” rating in Thursday, August 13 report. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, August 25 report. As per Tuesday, September 20, the company rating was upgraded by Bernstein. Canaccord Genuity upgraded the shares of AMD in a report on Thursday, June 16 to “Hold” rating. The firm has “Hold” rating by Craig Hallum given on Thursday, April 7. The stock of Advanced Micro Devices, Inc. (NASDAQ:AMD) earned “Underperform” rating by Credit Suisse on Friday, July 22. The firm has “Market Perform” rating by Bernstein given on Friday, September 11. UBS maintained Advanced Micro Devices, Inc. (NASDAQ:AMD) on Monday, March 21 with “Sell” rating. The firm has “Neutral” rating by Mizuho given on Friday, July 22. The rating was upgraded by Vetr to “Strong-Buy” on Tuesday, September 22.
According to Zacks Investment Research, “Advanced Micro Devices, Inc. is a world-class company with the innovation, execution, and vision to grow our leadership position in the industry. Today’s world-class companies share three essential characteristics. First, they deliver innovative products and technologies that customers want. Second, they have established a proven track record of fast, efficient manufacturing execution. And third, they have a bold vision of where to take their business, and often their industry. Over the course of AMD’s three decades in business, silicon and software have become the steel and plastic of the worldwide digital economy. Technology companies have become global pacesetters, making technical advances at a prodigious rate always driving the industry to deliver more and more, faster and faster. AMD’s dedication to customer-centric innovation and competitive spirit is an unbroken thread running from our early days in the integrated circuit business, through an ever-broadening product portfolio.”
Insitutional Activity: The institutional sentiment increased to 2.14 in 2016 Q2. Its up 1.05, from 1.09 in 2016Q1. The ratio increased, as 20 funds sold all Advanced Micro Devices, Inc. shares owned while 43 reduced positions. 53 funds bought stakes while 82 increased positions. They now own 330.20 million shares or 3.85% more from 317.95 million shares in 2016Q1.
The Illinois-based Archford Capital Strategies Limited Company has invested 0.01% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Nomura Asset Limited accumulated 26,100 shares or 0% of the stock. D E Shaw accumulated 9.51 million shares or 0.09% of the stock. Cibc Asset Mgmt accumulated 0% or 25,979 shares. The New Jersey-based Princeton Alpha Management Ltd Partnership has invested 0.17% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Wetherby Asset Management Incorporated reported 10,824 shares or 0.01% of all its holdings. Savings Bank Of Hawaii has 39,035 shares for 0.02% of their US portfolio. Comerica Bank & Trust has 0.03% invested in the company for 440,888 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0% or 22,997 shares. Cornerstone Mgmt Limited Liability has invested 0.01% of its portfolio in Advanced Micro Devices, Inc. (NASDAQ:AMD). The Belgium-based Kbc Grp Nv has invested 0.01% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Baker Avenue Asset Management L P has 84,040 shares for 0.07% of their US portfolio. The New Jersey-based Caxton Ltd Partnership has invested 0.03% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Capital Investment Counsel last reported 29,235 shares in the company. Moreover, Commerzbank Aktiengesellschaft Fi has 0.08% invested in Advanced Micro Devices, Inc. (NASDAQ:AMD) for 2.42 million shares.
Insider Transactions: Since June 2, 2016, the stock had 0 insider buys, and 1 insider sale for $43,730 net activity. On Thursday, June 2 the insider SMITH DARLA M sold $43,730.
More notable recent Advanced Micro Devices, Inc. (NASDAQ:AMD) news were published by: Profitconfidential.com which released: “Advanced Micro Devices, Inc.: A Must-See for AMD Stock Bulls & Bears” on October 04, 2016, also Fool.com with their article: “Advanced Micro Devices Inc. in 3 Charts” published on September 11, 2016, Profitconfidential.com published: “Advanced Micro Devices, Inc.: Is It Time to Dump AMD Stock?” on September 24, 2016. More interesting news about Advanced Micro Devices, Inc. (NASDAQ:AMD) were released by: Seekingalpha.com and their article: “Revisiting The Nvidia And AMD Trade” published on October 03, 2016 as well as Profitconfidential.com‘s news article titled: “Advanced Micro Devices, Inc.: Will AMD Stock Pan Out for the Long Term?” with publication date: September 16, 2016.
AMD Company Profile
Advanced Micro Devices, Inc., incorporated on May 1, 1969, is a global semiconductor company. The Firm is engaged in offering x86 microprocessors, as a standalone central processing unit (CPU) or as incorporated into an accelerated processing unit (APU), chipsets, and discrete graphics processing units (GPUs) for the consumer, commercial and professional graphics markets, and server and embedded CPUs, GPUs and APUs, and semi-custom System-on-Chip (SoC) products and technology for game consoles. The Firm operates in two divisions: the Computing and Graphics segment, which includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics, and the Enterprise, Embedded and Semi-Custom segment, which includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties.
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