Published: Sat, May 20, 2017
Sci-tech | By Carrie Guzman

Morgan Stanley Reiterates Equal Weight Rating for Advanced Micro Devices, Inc. (AMD)


The analysts, on average, are forecasting a $12.04 price target, but the stock is already up 205.56% from its recent lows. They now have a Dollars 15 price target on the stock. They now have a Dollars 13 price target on the stock. Finally, Vetr downgraded Advanced Micro Devices from a "strong-buy" rating to a "buy" rating and set a $15.52 price objective for the company.in a report on Tuesday, February 21st. The author does not have, nor plans to take any position in Advanced Micro Devices, Inc. shares within the next 14 days.

(NASDAQ:AMD) now has a P/E ratio of N/A. Analysts and investors also examine a company's PEG Ratio or price to earnings growth ratio when evaluating the stock.

Analysts and investors may be tracking the stock's current price in relation to its moving averages.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Monday, May 1st. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Recently, shares of the company traded +194.07% away from its 52-week low of $3.88 and -26.62% away from the 52-week high of $15.55.

Photronics, Inc. (NASDAQ:PLAB)'s shares on Thursday traded in the range of 10.05 - 10.50 and ended up on $10.45. Finally, Sanoor Capital Management LP acquired a new stake in Advanced Micro Devices during the fourth quarter valued at approximately $19,611,000. The stock has a market capitalization of $9.36B along with 945.02M outstanding shares.

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Advanced Micro Devices, Inc. the EPS stands at -0.04 for the previous quarter, while the analysts predicted the EPS of the stock to be -0.04, suggesting the stock fell short of the analysts' expectations.

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If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, AMD earned gross profit of 1.84 Billion, in 2015 1.08 Billion gross profit, while in 2016 Advanced Micro Devices, Inc. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. The semiconductor manufacturer reported ($0.04) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.04). Quarterly performance of the company shows declining momentum of -13.07% while its last one month trend is negative with -12.19%. During the same quarter in the prior year, the firm posted ($0.12) EPS.

Since the beginning of the calendar year, Advanced Micro Devices, Inc.

ILLEGAL ACTIVITY WARNING: "Bank of America Corp Reiterates Buy Rating for Advanced Micro Devices, Inc". If you are reading this report on another publication, it was illegally stolen and republished in violation of U.S. and global trademark & copyright law. The stock was sold at an average price of $14.05, for a total transaction of $281,000.00.

On 3/3/2017 Development Co Pjsc Mubadala, Director, sold 45,000,000 with an average share price of $13.63 per share and the total transaction amounting to $613,350,000.00. Also, Director Bruce L. Claflin sold 20,000 shares of the company's stock in a transaction on Monday, April 10th. The disclosure for this sale can be found here. Stock institutional ownership is 68.40% while insider ownership includes 0.60%. Insiders have sold 45,262,175 shares of company stock valued at $616,243,639 over the last quarter. Janus Capital Management LLC bought a new stake in Advanced Micro Devices during the first quarter valued at about $10,563,000. Monashee Investment Management LLC bought a new stake in shares of Advanced Micro Devices during the third quarter worth $9,536,000. During the last six months the stock climbed 61.76%. LMR Partners LLP raised its stake in Advanced Micro Devices by 212.7% in the third quarter.

The company has been one of the biggest innovators in "Semiconductor - Broad Line" employing approximately 8200 full time employees. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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