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Advanced Micro Devices (NYSE:AMD)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued to clients and investors on Wednesday, Analyst RN reports. They currently have a $4.50 target price on the stock. Zacks‘ price objective indicates a potential upside of 7.91% from the company’s current price.

Zacks‘ analyst wrote, “AMD is the second largest producer of microprocessors, GPUs and chipsets in the world. Its fourth quarter earnings were in-line with the Zacks Consensus Estimate. However, the company provided a disappointing forward sales guidance. The company’s new products, strength in graphics, increased game console wins, advancements in 32nm manufacturing and position in China remain positives. But at the same time, Intel remains a strong competitor with superior strategy, technological prowess and the clout that may be expected of the market leader. While AMD may be able to carve out its own niche, its relatively low cash position and significant leverage indicate that it is could be running out of time. We are therefore reiterating our Neutral recommendation on AMD shares.”

A number of other analysts have also recently weighed in on AMD. Analysts at FBR Capital Markets cut their price target on shares of Advanced Micro Devices from $6.00 to $5.50 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Morgan Stanley reiterated an “underweight” rating on shares of Advanced Micro Devices in a research note to investors on Wednesday. They now have a $2.50 price target on the stock. Finally, 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. Eight investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $4.58.

Shares of Advanced Micro Devices (NYSE:AMD) traded down 10.91% on Wednesday, hitting $3.715. 54,138,600 shares of the company’s stock traded hands. Advanced Micro Devices has a one year low of $2.26 and a one year high of $4.65. The stock’s 50-day moving average is $3.87 and its 200-day moving average is $3.72. The company’s market cap is $2.688 billion.

Advanced Micro Devices (NYSE:AMD) last released its earnings data on Tuesday, January 21st. The company reported $0.06 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.06. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the company posted ($0.14) earnings per share. Advanced Micro Devices’s revenue was up 37.1% compared to the same quarter last year. 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.

To view Zacks’ full report, visit www.zacks.com

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