The stock of Advanced Micro Devices, Inc. (NASDAQ:AMD) is a huge mover today! About 17.91M shares traded hands. Advanced Micro Devices, Inc. (NASDAQ:AMD) has risen 167.87% since March 15, 2016 and is uptrending. It has outperformed by 162.39% the S&P500.
The move comes after 8 months positive chart setup for the $6.00B company. It was reported on Oct, 18 by Barchart.com. We have $9.22 PT which if reached, will make NASDAQ:AMD worth $2.16 billion more.
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”, 1 “Sell”, while 7 “Hold”. This means 20% are positive. Advanced Micro has been the topic of 16 analyst reports since August 13, 2015 according to StockzIntelligence Inc. As per Thursday, August 13, the company rating was initiated by Topeka Capital Markets. The firm earned “Buy” rating on Thursday, August 25 by Canaccord Genuity. Mizuho maintained the shares of AMD in a report on Thursday, September 1 with “Neutral” rating. The stock of Advanced Micro Devices, Inc. (NASDAQ:AMD) earned “Market Perform” rating by Bernstein on Friday, September 11. Credit Suisse maintained Advanced Micro Devices, Inc. (NASDAQ:AMD) on Friday, July 22 with “Underperform” rating. As per Tuesday, September 20, the company rating was upgraded by Bernstein. Canaccord Genuity upgraded Advanced Micro Devices, Inc. (NASDAQ:AMD) on Thursday, June 16 to “Hold” rating. The company was maintained on Friday, July 22 by Mizuho. The firm earned “Sell” rating on Monday, March 21 by UBS. Craig Hallum initiated the stock with “Hold” rating in Thursday, April 7 report.
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 improved, 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.
Tower Rech Llc (Trc) accumulated 0.02% or 42,407 shares. Da Davidson & holds 2,622 shares or 0% of its portfolio. Kcg Inc accumulated 54,765 shares or 0.01% of the stock. The New York-based Two Sigma Securities Limited Liability Company has invested 0.12% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Citigroup owns 567,285 shares or 0% of their US portfolio. Pnc Services Grp Inc holds 0% of its portfolio in Advanced Micro Devices, Inc. (NASDAQ:AMD) for 91,710 shares. The California-based Aperio Grp Inc Lc has invested 0.01% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Vanguard Gp Incorporated has 64.53 million shares for 0.02% of their US portfolio. Integral Derivatives Limited Liability Co holds 0.02% or 170,438 shares in its portfolio. Meeder Asset Mngmt accumulated 4,174 shares or 0% of the stock. American Int Grp Incorporated has invested 0% of its portfolio in Advanced Micro Devices, Inc. (NASDAQ:AMD). Nj State Employees Deferred Compensation Plan has 17,000 shares for 0.02% of their US portfolio. Moreover, Timber Hill Limited Com has 0% invested in Advanced Micro Devices, Inc. (NASDAQ:AMD) for 10,147 shares. Moreover, Panagora Asset Management has 0% invested in Advanced Micro Devices, Inc. (NASDAQ:AMD) for 51,181 shares. Commonwealth Equity Services last reported 0% of its portfolio in the stock.
Insider Transactions: Since June 2, 2016, the stock had 0 insider purchases, and 1 insider sale for $43,730 net activity. $43,730 worth of Advanced Micro Devices, Inc. (NASDAQ:AMD) shares were sold by SMITH DARLA M.
More notable recent Advanced Micro Devices, Inc. (NASDAQ:AMD) news were published by: Fool.com which released: “Better Buy: Advanced Micro Devices, Inc. vs. NXP Semiconductors” on October 18, 2016, also Benzinga.com with their article: “Advanced Micro Devices’ Improved Near-Term Sales Trends Earn It An Oppenheimer …” published on October 17, 2016, Investorplace.com published: “Why Advanced Micro Devices, Inc. (AMD), Fiesta Restaurant Group Inc (FRGI) and …” on October 14, 2016. More interesting news about Advanced Micro Devices, Inc. (NASDAQ:AMD) were released by: Profitconfidential.com and their article: “Advanced Micro Devices, Inc.: A Must-See for AMD Stock Bulls & Bears” published on October 04, 2016 as well as Profitconfidential.com‘s news article titled: “Advanced Micro Devices, Inc.: Is It Time to Dump AMD Stock?” with publication date: September 24, 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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