Canaccord Ups AMD Target, Cites Confidence In New Products

Following Earnings result, share price were DOWN 17 times out of last 28 Qtrs. Naples is AMD's codename for its new 32-core System-on-Chip (SoC) silicon designed for the server market, and the supplied benchmarks suggest that Intel is once again on the back foot. dvanced Micro Devices, Inc. Bank of America Corporation restated an underperform rating and set a $5.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, September 14th. The company maintains price to book ratio of 0.72. The semiconductor manufacturer reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01.

Advanced Micro Devices, Inc. has a 12 month low of $2.15 and a 12 month high of $15.55. This recommendation lands on a scale between 1 and 5. 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 " rating reiterated by analysts at Canaccord Genuity. For the Q4 this year, the consensus current earnings per share trend estimates were for $0.28 while for one month ago was $0.24. Sell-side analyst recommendations point to a short term price target of $11.55 on the company shares.

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Looking over the AMD ranking chart, the AMD got 12 analysts recommendation as a Buy security in previous month pool in contrast with 11 analysts gave buy ratings at this month. Hedge funds and other institutional investors own 54.77% of the company's stock. They now have a $16.50 target price on the semiconductor manufacturer's stock. Su said on the call, "B$3 ased on our current market expectations and the strength of our upcoming products, we are confident we can grow annual revenue, expand gross margin, and deliver non-GAAP net income in 2017". They set a "buy" rating on the stock. (NASDAQ:AMD) appeared in active trade move, build up 1.30% to trade at $13.22 in last session with shares volume of 71.22 Million. The stock's market cap is $12.44 billion. If you are viewing this piece on another domain, it was copied illegally and republished in violation of USA & worldwide copyright and trademark legislation. Alpine Partners VI LLC acquired a new stake in shares of Advanced Micro Devices during the third quarter valued at about $501,000. Also, Director Bruce L. Claflin sold 20,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, January 10th. Renaissance Technologies LLC now owns 11,530,326 shares of the semiconductor manufacturer's stock valued at $130,754,000 after buying an additional 8,265,725 shares in the last quarter. Also, SVP James Robert Anderson sold 20,000 shares of the business's stock in a transaction dated Tuesday, December 20th. The shares were sold at an average price of $12.28, for a total value of $341,727.84. Following the completion of the transaction, the senior vice president now owns 400,334 shares in the company, valued at approximately $4,539,787.56. Cantab Capital Partners LLP now owns 76,910 shares of the semiconductor manufacturer's stock worth $872,000 after buying an additional 1,474 shares during the last quarter.

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

Advanced Micro Devices a global semiconductor company with facilities across the world. It operates in two segments: 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.

  • Rita Burton