Advanced Micro Devices (AMD) was Downgraded by Bernstein to ” Underperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Bernstein advised their investors in a research report released on Jul 8, 2016.
Many Wall Street Analysts have commented on Advanced Micro Devices. Company shares were Upgraded by Canaccord Genuity on Jun 16, 2016 to ” Buy”, Firm has raised the Price Target to $ 6 from a previous price target of $3.25 .Advanced Micro Devices was Upgraded by Exane BNP Paribas to ” Neutral” on Apr 22, 2016. Advanced Micro Devices was Upgraded by Craig Hallum to ” Buy” on Apr 22, 2016.
On the company’s financial health, Advanced Micro Devices reported $-0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $-0.13. The company had revenue of $832.00 million for the quarter, compared to analysts expectations of $818.41 million. The company’s revenue was down -19.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.09 EPS.
Advanced Micro Devices closed down -0.11 points or -2.17% at $4.96 with 1,63,32,466 shares getting traded on Tuesday. Post opening the session at $5.03, the shares hit an intraday low of $4.875 and an intraday high of $5.05 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.