Advanced Micro Devices Receives Sell Rating from Goldman Sachs (AMD)
A number of other firms have also recently commented on AMD. Analysts at Imperial Capital cut their price target on shares of Advanced Micro Devices from $5.00 to $4.60 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Canaccord Genuity downgraded shares of Advanced Micro Devices from a “neutral” rating to an “underperform” rating in a research note on Friday. They now have a $4.00 price target on the stock, down previously from $4.50. Finally, analysts at ISI Group cut their price target on shares of Advanced Micro Devices from $4.50 to $4.00 in a research note on Friday. They now have an “underperform” rating on the stock. Nine investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $4.54.
Shares of Advanced Micro Devices (NYSE:AMD) traded down 17.72% during mid-day trading on Friday, hitting $3.76. 83,280,432 shares of the company’s stock traded hands. Advanced Micro Devices has a 52 week low of $3.04 and a 52 week high of $4.80. The stock’s 50-day moving average is $4.21 and its 200-day moving average is $3.97. The company has a market cap of $2.865 billion and a P/E ratio of 95.21. Advanced Micro Devices also was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 111,697,555 shares, an increase of 2.5% from the June 13th total of 108,959,521 shares. Based on an average daily trading volume, of 24,851,459 shares, the short-interest ratio is currently 4.5 days. Currently, 18.1% of the shares of the company are sold short.
Advanced Micro Devices (NYSE:AMD) last released its earnings data on Thursday, July 17th. The company reported $0.02 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.02. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The company’s quarterly revenue was up 24.1% on a year-over-year basis. On average, analysts predict that Advanced Micro Devices will post $0.19 earnings per share for the current fiscal year.
Advanced Micro Devices, Inc (NYSE:AMD) is a global semiconductor company with facilities around the world.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.