Published: Sun, December 25, 2016
Technology | By Tonya May

Advanced Micro Devices, Inc. (NASDAQ:AMD) Price Target & Stock Check

Advanced Micro Devices, Inc. (NASDAQ:AMD) Price Target & Stock Check

Zacks Investment Research upgraded shares of Advanced Micro Devices Inc. (NASDAQ:AMD) recently. The rating firm gave a Equal-Weight rating to this stock in a research note published on Dec 15, 2016. The company also offers chipsets with and without integrated graphics features for desktop, notebook PCs, and servers, as well as controller hub-based chipsets for its APUs under the AMD brand; and AMD PRO mobile and desktop processors. Over the last 3 months and over the last 6 months, the shares of Advanced Micro Devices, Inc. Pacific Crest restated an "equal weight" rating on shares of Advanced Micro Devices in a report on Wednesday, December 14th. The shares were sold at an average price of $6.61, for a total transaction of $1,794,310.94. The firm applies an algorithm that helps set the correlation between the firm's news and its share price. The correct version of this piece can be read at The stock has an average rating of "Hold" and an average price target of $8.15.

The stock gained a consensus recommendation of 2 on Zacks Investment Research where the scale runs from 1 to 5, 1 representing Strong buy and 5 showing Strong Sell. The company has a Low Price Target of $3.5 and the Mean Target of $8.88, according to the Brokers.

Shares of Advanced Micro Devices (NASDAQ:AMD) opened at 11.60 on Tuesday. The stock is now holding above its 50-day SMA of $8.91 and above its 200-day SMA of $6.88. The Company has 52-week high of $11.75 and 52-week low of $1.75. The company has a market capitalization of $1.75 Billion.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Thursday, October 20th. (NASDAQ:AMD) is projected to report earnings of $0.012 for its recent quarter. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.23 billion. The company had Year Ago Sales of 958 Million. Stock monthly performance is recorded as 33.49% while its performance in last 5 sessions is 6.81%. The number of times the company has met analysts' estimates is 0.

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ILLEGAL ACTIVITY WARNING: This article was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece of content on another site, it was stolen and republished in violation of US and worldwide copyright and trademark law. A SVP & GM EESC in the company, Norrod Forrest Eugene, on Monday December 19, 2016 collected $1,066,000 from the sale of 100,000 shares at a per-share price of $11.34. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP James Robert Anderson sold 350,818 shares of the business's stock in a transaction on Thursday, November 17th. The most recent short interest data show 8.96% of the company's stock are short sold.

A number of hedge funds and other institutional investors have recently bought and sold shares of AMD. FMR LLC raised its position in shares of Advanced Micro Devices by 524.7% in the second quarter. The stock now shows the Market Capitalization of 19.84 Billion. The shares of Advanced Micro Devices, Inc. now represents 100.59 Percent Distance from 200-Day simple Moving Average.

Earnings per share (ttm) for Globalstar Inc. Alpine Partners VI LLC purchased a new stake in shares of Advanced Micro Devices during the third quarter worth $501,000. The firm now has $13.00 price objective on the semiconductor manufacturer's stock. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Advanced Micro Devices during the third quarter valued at approximately $1,138,000. Hood River Capital Management LLC now owns 4,722,900 shares of the semiconductor manufacturer's stock valued at $32,635,000 after buying an additional 3,184,930 shares during the period.

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