Advanced Micro Devices Stock Rating Reaffirmed by Goldman Sachs Group Inc. (AMD)
Advanced Micro Devices (NYSE:AMD)‘s stock had its “sell” rating reiterated by equities researchers at Goldman Sachs Group Inc. in a research report issued on Friday, ARN reports.
A number of other firms have also recently commented on AMD. Analysts at Merrill Lynch downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating in a research note to investors on Friday. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Advanced Micro Devices in a research note to investors on Friday. They now have a $4.50 price target on the stock, down previously from $5.00. Finally, analysts at Credit Suisse downgraded shares of Advanced Micro Devices from a “neutral” rating to an “underperform” rating in a research note to investors on Friday. They now have a $3.00 price target on the stock. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $4.45.
Advanced Micro Devices (NYSE:AMD) traded down 12.10% during mid-day trading on Friday, hitting $3.595. 73,506,408 shares of the company’s stock traded hands. Advanced Micro Devices has a one year low of $1.81 and a one year high of $4.65. The stock’s 50-day moving average is $3.76 and its 200-day moving average is $3.65. The company’s market cap is $2.588 billion. Advanced Micro Devices also was the target of some unusual options trading on Wednesday. Investors purchased 29,187 call options on the company. This represents an increase of 130% compared to the average volume of 12,717 call options.
Advanced Micro Devices (NYSE:AMD) last released its earnings data on Thursday, October 17th. The company reported $0.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.02. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the company posted ($0.20) earnings per share. Advanced Micro Devices’s revenue was up 15.1% compared to the same quarter last year. On average, analysts predict that Advanced Micro Devices will post $-0.14 earnings per share for the current fiscal year.
Advanced Micro Devices, Inc (NYSE:AMD) is a global semiconductor company with facilities around the world.
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