Advanced Micro Devices (AMD) is Initiated by Rosenblatt to "Buy"

Posted February 23, 2017

Looking at a shorter time period, shares have been seen -0.49% away from the 50 day high and 50.74% off the 50 day low price.Covering sell-side analysts have recently weighed in on shares of Advanced Micro Devices, Inc.

Price Target is an important factor while doing analysis of a stock. (NASDAQ:AMD)'s growth estimate is 66.7 percent for the current quarter.

Analysts estimated $-0.02/share for the previous Quarter, where Advanced Micro Devices, Inc. Advanced Micro Devices expects new products to continue to drive gross margin higher and progress towards profitability. Vetr downgraded shares of Advanced Micro Devices from a "strong-buy" rating to a "buy" rating and set a $7.76 price objective for the a research report on Thursday, October 20th.

02/01/2017 - Advanced Micro Devices, Inc. had its "buy" rating reiterated by analysts at Jefferies.

Advanced Micro Devices, Inc. The company presently has a consensus rating of "Hold" and an average price target of $8.94. (NASDAQ:AMD) may hit a high of $16. The firm shows a 20-Day Simple Moving Average of 7.51% with a 200-Day Simple Moving Average of 73.51%. In the last six months the stock's performance soared 86.51% while yearly performance of the company advanced 587.43%.The company's year to date (YTD) performance is at 15.78%.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 31st. Analysts are forecasting earnings of $-0.07 on a per share basis this quarter. Sales growth in the quarter for Advanced Micro Devices, Inc. Breaking that down further, it has performed 0.88% for the week, -2.15% for the month, 9.62% over the last quarter, 40.05% for the past half-year and 100.35% for this previous year. Backlog at the end of the fiscal 2017 third quarter was $170 million, compared with a backlog of $176 million a year earlier and $142 million at the end of the second quarter of fiscal 2017.

Advanced Micro Devices, Inc. had its "market perform" rating reiterated by analysts at Sanford C. Bernstein. The heightened volatility saw the trading volume jump to 6,63,57,063 shares. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Following the transaction, the chief executive officer now owns 2,687,640 shares in the company, valued at approximately $17,765,300.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,061,054 shares of company stock worth $15,993,315. Perhaps, that suggests something about why 1.30% of the outstanding share supply is held by institutional investors. Studies indicate that the stock prices of firms with significant positive earnings surprises show above-average performance, while those with negative surprises have below-average performance.

02/01/2017 - Advanced Micro Devices, Inc. had its "outperform" rating reiterated by analysts at Wells Fargo. The Insider Ownership of the company now is 0.6 percent, and Institutional Ownership is 69.7 percent. Therefore, stock prices are sometime established based on the expectations that prospective investors have for the future earnings power of the firm. Retirement Systems of Alabama raised its stake in shares of Advanced Micro Devices by 14.1% in the third quarter.