Advanced Micro Devices Target of Unusually Large Options Trading (AMD)
Shares of Advanced Micro Devices (NYSE:AMD) were the target of some unusual options trading activity on Monday. Investors acquired 26,387 call options on the stock, AnalystRatingsNetwork reports. This is an increase of approximately 208% compared to the typical volume of 8,563 call options.
AMD has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Advanced Micro Devices from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 9th. They now have a $5.00 price target on the stock. Separately, analysts at Pacific Crest downgraded shares of Advanced Micro Devices from a “sector perform” rating to an “underperform” rating in a research note on Monday, June 23rd. Finally, analysts at Argus upgraded shares of Advanced Micro Devices to a “hold” rating in a research note on Monday, June 16th. Six investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $4.82.
Shares of Advanced Micro Devices (NYSE:AMD) traded up 6.18% during mid-day trading on Monday, hitting $4.64. 73,005,936 shares of the company’s stock traded hands. Advanced Micro Devices has a 1-year low of $3.04 and a 1-year high of $4.65. The stock’s 50-day moving average is $4.16 and its 200-day moving average is $3.95. The company has a market cap of $3.536 billion and a price-to-earnings ratio of 91.04.
Advanced Micro Devices (NYSE:AMD) last released its 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.
Advanced Micro Devices, Inc (NYSE:AMD) is a global semiconductor company with facilities around the world.
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