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Shares of Advanced Micro Devices (NYSE:AMD) have earned a consensus recommendation of “Hold” from the twenty-five brokerages that are presently covering the company, Analyst RN reports. Five investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $4.92.

Advanced Micro Devices (NYSE:AMD) traded up 0.49% during mid-day trading on Friday, hitting $4.10. The stock had a trading volume of 2,827,607 shares. Advanced Micro Devices has a 1-year low of $3.04 and a 1-year high of $4.65. The stock has a 50-day moving average of $4.03 and a 200-day moving average of $3.83. The company has a market cap of $3.124 billion and a P/E ratio of 85.00. Advanced Micro Devices also saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 111,035,569 shares, a decline of 3.1% from the April 30th total of 114,641,198 shares. Currently, 18.0% of the company’s shares are sold short. Based on an average daily trading volume, of 16,956,469 shares, the days-to-cover ratio is presently 6.5 days.

Advanced Micro Devices (NYSE:AMD) last issued its quarterly earnings data on Thursday, April 17th. The company reported $0.02 earnings per share 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 last year, the company posted ($0.13) earnings per share. Advanced Micro Devices’s revenue was up 28.4% compared to the same quarter last year. Analysts expect that Advanced Micro Devices will post $0.19 EPS for the current fiscal year.

A number of research firms have recently commented on AMD. 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.

Advanced Micro Devices, Inc (NYSE:AMD) is a global semiconductor company with facilities around the world.

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