Advanced Micro Devices Given Average Rating of “Hold” by Brokerages (NYSE:AMD)
Advanced Micro Devices (NYSE:AMD) has earned a consensus rating of “Hold” from the twenty-one brokerages that are covering the company, AmericanBankingNews.com reports. Nine investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $3.95.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Advanced Micro Devices from an “outperform” rating to a “neutral” rating in a research note on Wednesday, August 13th. They now have a $4.25 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Advanced Micro Devices in a research note on Friday, July 18th. They now have a $3.50 price target on the stock, down previously from $4.00.
Shares of Advanced Micro Devices (NYSE:AMD) opened at 4.17 on Tuesday. Advanced Micro Devices has a 52 week low of $3.04 and a 52 week high of $4.80. The stock has a 50-day moving average of $4.10 and a 200-day moving average of $4.01. The company has a market cap of $3.192 billion and a P/E ratio of 38.69. Advanced Micro Devices also was the target of a large decrease in short interest in August. As of August 15th, there was short interest totalling 139,917,853 shares, a decrease of 8.7% from the July 31st total of 153,192,755 shares. Based on an average trading volume of 28,957,312 shares, the short-interest ratio is currently 4.8 days. Currently, 22.7% of the shares of the stock are short sold.
Advanced Micro Devices (NYSE:AMD) last released its earnings data on Thursday, July 17th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was up 24.1% on a year-over-year basis. Analysts expect that Advanced Micro Devices will post $0.12 EPS for the current fiscal year.
In other Advanced Micro Devices news, SVP John Byrne unloaded 75,000 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $4.19, for a total value of $314,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Advanced Micro Devices, Inc (NYSE:AMD) is a global semiconductor company with facilities around the world.
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