Stock of The Day: What’s Advanced Micro Devices, Inc. Upside After Today’s Big Increase?

Stock of The Day: What's Advanced Micro Devices, Inc. Upside After Today's Big Increase?

The stock of Advanced Micro Devices, Inc. (NASDAQ:AMD) is a huge mover today! About 34.33M shares traded hands. Advanced Micro Devices, Inc. (NASDAQ:AMD) has risen 156.25% since April 14, 2016 and is uptrending. It has outperformed by 151.56% the S&P500.
The move comes after 7 months positive chart setup for the $7.15 billion company. It was reported on Nov, 16 by Barchart.com. We have $11.87 PT which if reached, will make NASDAQ:AMD worth $4.15B 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. Advanced Micro has been the topic of 16 analyst reports since August 13, 2015 according to StockzIntelligence Inc. As per Friday, September 11, the company rating was upgraded by Bernstein. The stock has “Strong-Buy” rating given by Vetr on Tuesday, September 22. The rating was initiated by Topeka Capital Markets on Thursday, August 13 with “Hold”. Mizuho maintained the stock with “Neutral” rating in Thursday, September 1 report. Canaccord Genuity maintained the shares of AMD in a report on Thursday, August 25 with “Buy” rating. The firm has “Neutral” rating by Susquehanna given on Tuesday, September 20. Bernstein downgraded Advanced Micro Devices, Inc. (NASDAQ:AMD) on Friday, July 8 to “Underperform” rating. The firm has “Neutral” rating given on Friday, July 22 by Mizuho. The rating was maintained by UBS on Monday, March 21 with “Sell”. The firm has “Hold” rating by Deutsche Bank given on Wednesday, September 14.

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 Q2 2016. 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.
First Trust Advisors L P has 0.01% invested in the company for 470,164 shares. Federated Invsts Pa holds 0.01% or 446,085 shares in its portfolio. Balyasny Asset Management Ltd Limited Liability Company reported 520,161 shares or 0.02% of all its holdings. Employees Retirement Association Of Colorado holds 0.01% of its portfolio in Advanced Micro Devices, Inc. (NASDAQ:AMD) for 149,167 shares. Barclays Public Limited has invested 0% of its portfolio in Advanced Micro Devices, Inc. (NASDAQ:AMD). Mycio Wealth Ptnrs Limited Company accumulated 0% or 100 shares. Apriem Advsr, a California-based fund reported 400 shares. Nationwide Fund Advisors has invested 0.04% of its portfolio in Advanced Micro Devices, Inc. (NASDAQ:AMD). Old Mutual Customised Solutions (Proprietary) holds 0.03% or 24,100 shares in its portfolio. Advisors Asset Mngmt has 0% invested in the company for 17,700 shares. Tudor Invest Et Al has 62,556 shares for 0.01% of their US portfolio. Thrivent Fincl For Lutherans last reported 92,770 shares in the company. Legal & General Gp Incorporated Public Limited Co reported 820,549 shares or 0% of all its holdings. Arizona State Retirement System has 267,333 shares for 0.02% of their US portfolio. Blackrock Advisors Limited Liability Corporation reported 515,668 shares or 0% of all its holdings.

Insider Transactions: Since June 2, 2016, the stock had 0 insider purchases, and 6 insider sales for $10.70 million net activity. KUMAR DEVINDER sold $2.07 million worth of stock. $4.40 million worth of Advanced Micro Devices, Inc. (NASDAQ:AMD) was sold by Su Lisa T on Wednesday, November 2. Norrod Forrest Eugene had sold 224,306 shares worth $1.49 million. Papermaster Mark D also sold $1.79 million worth of Advanced Micro Devices, Inc. (NASDAQ:AMD) shares. WOLIN HARRY A sold $906,661 worth of stock or 137,165 shares. SMITH DARLA M had sold 10,338 shares worth $43,730 on Thursday, June 2.

More notable recent Advanced Micro Devices, Inc. (NASDAQ:AMD) news were published by: Wsj.com which released: “Advanced Micro Devices Posts Second Straight Revenue Increase” on October 20, 2016, also Fool.com with their article: “Better Buy: Advanced Micro Devices, Inc. vs. NVIDIA” published on November 02, 2016, Fool.com published: “Better Buy: Advanced Micro Devices, Inc. vs. NXP Semiconductors” on October 18, 2016. More interesting news about Advanced Micro Devices, Inc. (NASDAQ:AMD) were released by: Seekingalpha.com and their article: “AMD: How Low Will The Major Retracement Go?” published on November 15, 2016 as well as Fool.com‘s news article titled: “Why PTC Therapeutics, Advanced Micro Devices, and Nordstrom Jumped Today” with publication date: November 11, 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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