The stock of Advanced Micro Devices, Inc. (NASDAQ:AMD) is a huge mover today! About 10.10 million shares traded hands. Advanced Micro Devices, Inc. (NASDAQ:AMD) has risen 154.20% since April 25, 2016 and is uptrending. It has outperformed by 148.19% the S&P500.
The move comes after 7 months positive chart setup for the $8.24B company. It was reported on Nov, 28 by Barchart.com. We have $9.64 PT which if reached, will make NASDAQ:AMD worth $659.20M more.
Analysts await Advanced Micro Devices, Inc. (NASDAQ:AMD) to report earnings on January, 17. They expect $-0.04 earnings per share, up 66.67% or $0.08 from last year’s $-0.12 per share.
Advanced Micro Devices, Inc. (NASDAQ:AMD) Ratings Coverage
Out of 11 analysts covering Advanced Micro (NASDAQ:AMD), 3 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 27% are positive. Advanced Micro has been the topic of 17 analyst reports since August 13, 2015 according to StockzIntelligence Inc. On Thursday, August 13 the stock rating was initiated by Topeka Capital Markets with “Hold”. The firm earned “Neutral” rating on Thursday, September 1 by Mizuho. The firm earned “Underperform” rating on Friday, July 22 by Credit Suisse. The firm earned “Neutral” rating on Wednesday, October 12 by Credit Suisse. The rating was maintained by Mizuho on Friday, July 22 with “Neutral”. Canaccord Genuity upgraded it to “Hold” rating and $6 target price in Thursday, June 16 report. The rating was upgraded by Bernstein on Friday, September 11 to “Market Perform”. M Partners maintained Advanced Micro Devices, Inc. (NASDAQ:AMD) rating on Tuesday, November 22. M Partners has “Buy” rating and $10.50 price target. Susquehanna initiated Advanced Micro Devices, Inc. (NASDAQ:AMD) on Tuesday, September 20 with “Neutral” rating. As per Tuesday, September 20, the company rating was upgraded by Bernstein.
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 2.16 in Q2 2016. Its up 0.02, from 2.14 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.
Comerica Bank & Trust reported 440,888 shares or 0.03% of all its holdings. Pathstone Family Office Limited Co holds 1,000 shares or 0.01% of its portfolio. Panagora Asset Mgmt has 51,181 shares for 0% of their US portfolio. Epoch Prtn Inc last reported 0.01% of its portfolio in the stock. Nomura Asset Management Company Ltd, a Japan-based fund reported 26,100 shares. Springbok Capital Mngmt Limited Liability accumulated 0.09% or 126,690 shares. Moreover, Canal has 0.34% invested in Advanced Micro Devices, Inc. (NASDAQ:AMD) for 198,600 shares. North Star Asset Management has 15,000 shares for 0.01% of their US portfolio. Great West Life Assurance Company Can accumulated 0% or 58,613 shares. Ardsley Advisory Prtn reported 25,000 shares or 0.02% of all its holdings. Bank & Trust Of Hawaii last reported 0.02% of its portfolio in the stock. Oregon Pub Employees Retirement Fund has 0.02% invested in the company for 214,268 shares. Adirondack Tru holds 100 shares or 0% of its portfolio. Edge Wealth Management Limited Com has invested 0% of its portfolio in Advanced Micro Devices, Inc. (NASDAQ:AMD). Weaver C Barksdale And Assocs has 0.03% invested in the company for 3,803 shares.
Insider Transactions: Since June 2, 2016, the stock had 0 insider purchases, and 10 sales for $13.84 million net activity. On Wednesday, November 2 KUMAR DEVINDER sold $2.07 million worth of the stock or 312,469 shares. WOLIN HARRY A sold 37,500 shares worth $253,500. 271,454 Advanced Micro Devices, Inc. (NASDAQ:AMD) shares with value of $1.79M were sold by Papermaster Mark D. Shares for $2.63 million were sold by ANDERSON JAMES ROBERT on Tuesday, November 15. SMITH DARLA M also sold $100,132 worth of Advanced Micro Devices, Inc. (NASDAQ:AMD) on Tuesday, November 15. Norrod Forrest Eugene sold $1.49M worth of Advanced Micro Devices, Inc. (NASDAQ:AMD) on Wednesday, November 2. $4.40M worth of Advanced Micro Devices, Inc. (NASDAQ:AMD) was sold by Su Lisa T on Wednesday, November 2.
More notable recent Advanced Micro Devices, Inc. (NASDAQ:AMD) news were published by: Foxbusiness.com which released: “Better Buy: Advanced Micro Devices, Inc. vs. Intel Corp.” on November 25, 2016, also Profitconfidential.com with their article: “Advanced Micro Devices, Inc.: AMD Stock Move Could Be Big” published on November 24, 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: Prnewswire.com and their article: “To All Persons who Purchased or Otherwise Acquired Shares of Advanced Micro …” published on November 21, 2016 as well as Profitconfidential.com‘s news article titled: “Advanced Micro Devices, Inc.: If AMD Stock Does THIS It’ll Fly” with publication date: November 17, 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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