Price Target Update on Advanced Micro Devices (NASDAQ:AMD)

Advanced Micro Devices (NASDAQ:AMD) : The highest short term price target forecast on Advanced Micro Devices (NASDAQ:AMD) is $6 and the lowest target price is $2. A total of 15 equity analysts are currently covering the company. The average price of all the analysts is $3.46 with a standard deviation of $1.52.

Other Equity analysts have also commented on the company shares. Canaccord Genuity upgrades its view on Advanced Micro Devices (NASDAQ:AMD) according to the research report released by the firm to its investors. Earlier, the shares had a rating of Hold. Canaccord Genuity raises the price target from $3.25 per share to $6 per share on Advanced Micro Devices . The rating by the firm was issued on June 16, 2016.

Advanced Micro Devices (NASDAQ:AMD): stock turned positive on Thursday. Though the stock opened at $5.17, the bulls momentum made the stock top out at $5.26 level for the day. The stock recorded a low of $5.05 and closed the trading day at $5.21, in the green by 3.78%. The total traded volume for the day was 29,159,174. The stock had closed at $5.02 in the previous days trading.

The company shares have rallied 94.57% from its 1 Year high price. On Jun 22, 2016, the shares registered one year high at $5.52 and the one year low was seen on Jul 27, 2015. The 50-Day Moving Average price is $4.23 and the 200 Day Moving Average price is recorded at $2.95.

Advanced Micro Devices, Inc. is a global semiconductor company with facilities across the world. The Company offers x86 microprocessors, as standalone devices or as incorporated as an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors, dense servers, semi-custom System-on-Chip (SoC) products and technology for game consoles. The Company operates in two segments: the Computing and Graphics segment, which includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics, and the Enterprise, Embedded and Semi-Custom segment, which includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties. The Company sells its products through direct sales force and through independent distributors and sales representatives in both domestic and international markets.

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