Investors Buy Large Volume of Put Options on Advanced Micro Devices (AMD)
Advanced Micro Devices (NYSE:AMD) was the recipient of unusually large options trading on Wednesday. Investors purchased 15,195 put options on the stock, StockRatingsNetwork.com reports. This represents an increase of 145% compared to the average volume of 6,199 put options.
AMD has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus initiated coverage on shares of Advanced Micro Devices in a research note to investors on Monday, December 23rd. They set a “hold” rating on the stock. Separately, analysts at Oppenheimer downgraded shares of Advanced Micro Devices from a “market perform” rating to an “underperform” rating in a research note to investors on Monday, December 16th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Advanced Micro Devices in a research note to investors on Thursday, December 12th. They now have a $3.75 price target on the stock. Seven equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. Advanced Micro Devices has a consensus rating of “Hold” and a consensus target price of $4.67.
Shares of Advanced Micro Devices (NYSE:AMD) traded up 3.95% on Wednesday, hitting $4.47. The stock had a trading volume of 66,648,480 shares. Advanced Micro Devices has a 52 week low of $2.26 and a 52 week high of $4.65. The stock has a 50-day moving average of $3.79 and a 200-day moving average of $3.72. The company’s market cap is $3.235 billion.
Advanced Micro Devices (NYSE:AMD) last announced its earnings results on Thursday, October 17th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted ($0.20) earnings per share. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, analysts predict that Advanced Micro Devices will post $-0.12 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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