The stock of Advanced Micro Devices, Inc. (NASDAQ:AMD) hit a new 52-week high and has $10.91 target or 29.00% above today’s $8.46 share price. The 6 months bullish chart indicates low risk for the $8.86 billion company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $10.91 price target is reached, the company will be worth $2.57 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 49.07 million shares traded hands or 14.76% up from the average. Advanced Micro Devices, Inc. (NASDAQ:AMD) has risen 184.07% since April 15, 2016 and is uptrending. It has outperformed by 179.45% the S&P500.
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. The rating was initiated by Topeka Capital Markets on Thursday, August 13 with “Hold”. The rating was downgraded by Bernstein on Friday, July 8 to “Underperform”. Bernstein upgraded Advanced Micro Devices, Inc. (NASDAQ:AMD) on Friday, September 11 to “Market Perform” rating. The firm has “Hold” rating given on Thursday, June 16 by Canaccord Genuity. The rating was maintained by Credit Suisse with “Underperform” on Friday, July 22. The firm has “Hold” rating by Craig Hallum given on Thursday, April 7. The rating was upgraded by Bernstein on Tuesday, September 20 to “Market Perform”. As per Monday, March 21, the company rating was maintained by UBS. As per Thursday, August 25, the company rating was maintained by Canaccord Genuity. The stock of Advanced Micro Devices, Inc. (NASDAQ:AMD) earned “Neutral” rating by Credit Suisse on Wednesday, October 12.
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 Minnesota-based Thrivent Financial For Lutherans has invested 0% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Parametric Portfolio Ltd Liability Co accumulated 1.14M shares or 0.01% of the stock. The Texas-based Wfg Advsr Lp has invested 0% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Ny State Teachers Retirement, a New York-based fund reported 1.33M shares. Cornerstone Cap Mngmt Hldgs Ltd Liability Corporation accumulated 0.01% or 126,045 shares. California State Teachers Retirement System accumulated 1.38 million shares or 0.02% of the stock. accumulated 6.50M shares or 0.01% of the stock. Raymond James Financial Serv Advsrs has invested 0% of its portfolio in Advanced Micro Devices, Inc. (NASDAQ:AMD). Apriem accumulated 0% or 400 shares. Integral Derivatives Ltd Company has 0.02% invested in the company for 170,438 shares. Tudor Inv Corporation Et Al has 0.01% invested in the company for 62,556 shares. Prudential Fincl has 0% invested in the company for 414,233 shares. Walleye Trading Ltd last reported 0% of its portfolio in the stock. The Japan-based Blackrock Japan Com has invested 0% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Shelton Mngmt holds 67,000 shares or 0.03% of its portfolio.
Insider Transactions: Since June 2, 2016, the stock had 0 buys, and 7 selling transactions for $10.96 million net activity. Shares for $43,730 were sold by SMITH DARLA M. The insider KUMAR DEVINDER sold 312,469 shares worth $2.07M. 137,165 shares with value of $906,661 were sold by WOLIN HARRY A on Wednesday, November 2. Papermaster Mark D sold $1.79M worth of stock or 271,454 shares. The insider Su Lisa T sold $4.40M. Norrod Forrest Eugene had sold 224,306 shares worth $1.49M on Wednesday, November 2.
More notable recent Advanced Micro Devices, Inc. (NASDAQ:AMD) news were published by: Investorplace.com which released: “Thursday’s Vital Data: Apple Inc. (AAPL), Advanced Micro Devices, Inc. (AMD …” on November 17, 2016, also Wsj.com with their article: “Advanced Micro Devices Posts Second Straight Revenue Increase” published on October 20, 2016, Fool.com published: “Better Buy: Advanced Micro Devices, Inc. vs. NVIDIA” on November 02, 2016. More interesting news about Advanced Micro Devices, Inc. (NASDAQ:AMD) were released by: Fool.com and their article: “Why PTC Therapeutics, Advanced Micro Devices, and Nordstrom Jumped Today” published on November 11, 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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