Advanced Micro Devices Stock Could Head This Way

A scene from Activision's

Pacific Crest reaffirmed an "equal weight" rating on shares of Advanced Micro Devices in a report on Wednesday, December 14th. The stock is a Buy among 10 brokerage firms polled by Factset Research.

02/01/2017 - Advanced Micro Devices, Inc. had its "buy" rating reiterated by analysts at Jefferies.

02/01/2017 - Advanced Micro Devices, Inc. had its "buy" rating reiterated by analysts at Canaccord Genuity. The forecast of 20 surveyed investment analysts covering the stock advises investors to Buy stake in the company. They issued a buy rating and a $11.00 price target for the company.

Shares of Advanced Micro Devices (NASDAQ:AMD) opened at 12.06 on Thursday. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 15.19% where SMA50 and SMA200 are 22.73% and 87.33% respectively. The company's market cap is $13.03 billion. This showed the surprise of 50% in the last quarter earnings.

Looking forward, the company is expected to report earnings of $-0.04 per share for the current quarter. The growth estimate for the next quarter is 80 percent. Out of 0 brokerage recommendations, 0 gave a Strong Buy, 0 issued a Buy, 0 issued Hold, 0 rated Under-perform and 0 issued a Sell. For the past 5 years, the company's revenue has grown -8.2%, while the company's earnings per share has grown -23.7%.

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Many Analysts provided their foresight on Revenue Estimates of Advanced Micro Devices, Inc. where they believe that the company has the potential to earn average revenue of $982.56 Million for the current quarter.

Bank of America Corporation (NYSE:BAC)went up 1.06% during trading on the USA exchange where it had a trading capacity of 78.48M shares. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Harry A. Wolin sold 18,000 shares of Advanced Micro Devices stock in a transaction dated Monday, November 28th. The company's shares were closed at 14.00. The disclosure for this sale can be found here. The company's revenue was up 15.4% compared to the same quarter previous year. The Stock now has the market capitalization of $13.03 Billion, P/E (price to earnings ttm) of 0 and Weekly volatility of 3.59% and monthly volatility of 5.17% respectively.

02/01/2017 - Advanced Micro Devices, Inc. had its "outperform" rating reiterated by analysts at Wells Fargo. Corporate insiders own 1.00% of the company's stock. Monashee Investment Management LLC bought a new stake in shares of Advanced Micro Devices during the third quarter worth $9,536,000. Retirement Systems of Alabama raised its stake in shares of Advanced Micro Devices by 14.1% in the third quarter.

While Advanced Micro Devices had a solid year with its Computing and Graphics business in 2016, with annual revenue returning to growth for the first time for the segment since 2011, Advanced Micro Devices is still operating CG at a net operating loss, albeit a much lower loss than in 2015.

Advanced Micro Devices, Inc.is a world-class company with the innovation, execution, and vision to grow our leadership position in the industry. This Company belongs to Computer and Technology sector.

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