Investors Buy High Volume of Call Options on Advanced Micro Devices (AMD)
Advanced Micro Devices (NYSE:AMD) saw unusually large options trading on Wednesday. Stock investors acquired 10,588 call options on the company, AnalystRatings.Net reports. This is an increase of 115% compared to the average volume of 4,920 call options.
Several analysts have recently commented on the stock. Analysts at ISI Group upgraded shares of Advanced Micro Devices to a “positive” rating in a research note on Tuesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Advanced Micro Devices in a research note on Wednesday, May 21st. They now have a $4.25 price target on the stock. Finally, analysts at Ned Davis Research upgraded shares of Advanced Micro Devices from a “sell” rating to a “neutral” rating in a research note on Monday, May 12th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. Advanced Micro Devices presently has an average rating of “Hold” and a consensus target price of $4.92.
Advanced Micro Devices (NYSE:AMD) traded up 2.54% on Wednesday, hitting $4.04. 13,256,821 shares of the company’s stock traded hands. Advanced Micro Devices has a one year low of $3.04 and a one year high of $4.65. The stock has a 50-day moving average of $4.02 and a 200-day moving average of $3.83. The company has a market cap of $3.079 billion and a price-to-earnings ratio of 82.08.
Advanced Micro Devices (NYSE:AMD) last posted its quarterly earnings results on Thursday, April 17th. The company reported $0.02 EPS for the quarter. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the company posted ($0.13) earnings per share. The company’s quarterly revenue was up 28.4% on a year-over-year basis. Analysts expect that Advanced Micro Devices will post $0.19 EPS 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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