The stock of Advanced Micro Devices, Inc. (NASDAQ:AMD) is a huge mover today! About 8.88 million shares traded hands. Advanced Micro Devices, Inc. (NASDAQ:AMD) has risen 128.26% since April 11, 2016 and is uptrending. It has outperformed by 122.12% the S&P500.
The move comes after 8 months positive chart setup for the $5.46 billion company. It was reported on Nov, 11 by Barchart.com. We have $9.61 PT which if reached, will make NASDAQ:AMD worth $2.62 billion more.
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. $8.50 is the highest target while $1.75 is the lowest. The $4.98 average target is -23.27% below today’s ($6.49) stock price. Advanced Micro has been the topic of 16 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The rating was upgraded by Vetr to “Strong-Buy” on Tuesday, September 22. The rating was maintained by UBS with “Sell” on Monday, March 21. As per Wednesday, September 14, the company rating was maintained by Deutsche Bank. Bernstein upgraded Advanced Micro Devices, Inc. (NASDAQ:AMD) on Tuesday, September 20 to “Market Perform” rating. The firm has “Neutral” rating given on Thursday, September 1 by Mizuho. Susquehanna initiated the stock with “Neutral” rating in Tuesday, September 20 report. The company was upgraded on Wednesday, October 12 by Credit Suisse. The firm has “Market Perform” rating by Bernstein given on Friday, September 11. As per Thursday, April 7, the company rating was initiated by Craig Hallum. Canaccord Genuity maintained it with “Buy” rating and $8.50 target price in Thursday, August 25 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 is positive, 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.
Chicago Equity Prtn Ltd Liability owns 1.17 million shares or 0.18% of their US portfolio. The Georgia-based Advisory Services Networks Limited Liability has invested 0% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Mutual Of America Capital Mgmt Limited Liability Corporation, a New York-based fund reported 466,482 shares. Ameritas Incorporated reported 152,727 shares or 0.05% of all its holdings. Coldstream has 0.01% invested in the company for 11,770 shares. Asset Mgmt holds 0.01% of its portfolio in Advanced Micro Devices, Inc. (NASDAQ:AMD) for 31,384 shares. The Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Commonwealth Equity Services has invested 0% of its portfolio in Advanced Micro Devices, Inc. (NASDAQ:AMD). Fuller & Thaler Asset Management has 0.17% invested in the company for 1.90M shares. Moreover, Lmr Ptnrs Llp has 0.24% invested in Advanced Micro Devices, Inc. (NASDAQ:AMD) for 302,482 shares. New York State Common Retirement Fund owns 671,400 shares or 0.01% of their US portfolio. Gemmer Asset Mgmt Limited Company has 1,403 shares for 0% of their US portfolio. California State Teachers Retirement Sys accumulated 1.38 million shares or 0.02% of the stock. The Texas-based Dimensional Fund Advsr L P has invested 0.01% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Numeric Ltd holds 0% or 12,700 shares in its portfolio.
Insider Transactions: Since June 2, 2016, the stock had 0 buys, and 6 selling transactions for $10.70 million net activity. Another trade for 665,414 shares valued at $4.40M was made by Su Lisa T on Wednesday, November 2. Another trade for 224,306 shares valued at $1.49 million was sold by Norrod Forrest Eugene. 312,469 shares were sold by KUMAR DEVINDER, worth $2.07 million. The insider Papermaster Mark D sold 271,454 shares worth $1.79M. SMITH DARLA M sold $43,730 worth of stock or 10,338 shares. WOLIN HARRY A had sold 137,165 shares worth $906,661 on Wednesday, November 2.
More notable recent Advanced Micro Devices, Inc. (NASDAQ:AMD) news were published by: Investorplace.com which released: “Advanced Micro Devices, Inc. (AMD) Stock: Big Profits for Strong Stomachs” on November 07, 2016, also Fool.com with their article: “Better Buy: Advanced Micro Devices, Inc. vs. NVIDIA” published on November 02, 2016, Seekingalpha.com published: “Advanced Micro Devices +5% subsequent compelling Nvidia quarter” on November 10, 2016. More interesting news about Advanced Micro Devices, Inc. (NASDAQ:AMD) were released by: Wsj.com and their article: “Advanced Micro Devices Posts Second Straight Revenue Increase” published on October 20, 2016 as well as Fool.com‘s news article titled: “Better Buy: Advanced Micro Devices, Inc. vs. NXP Semiconductors” with publication date: October 18, 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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