Advanced Micro Devices (AMD) is Reiterated by Mizuho to Neutral, Raises Price Target to $ 5.50

Advanced Micro Devices (AMD) was Reiterated by Mizuho to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 5.50 from a previous price target of $4.50 . Mizuho advised their investors in a research report released on Jul 22, 2016.

Many Wall Street Analysts have commented on Advanced Micro Devices. Company shares were Reiterated by MKM Partners on Jul 19, 2016 to “Buy”, Firm has raised the Price Target to $ 6.30 from a previous price target of $5 .Advanced Micro Devices was Downgraded by Bernstein to ” Underperform” on Jul 8, 2016. 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 .

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 (AMD) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $5.48 and reached the intraday high at $5.5. The bulls started the profit booking and pushed the shares to intraday low of $5.4. The trading session was marked by a volume range of 2,01,02,373 shares exchanging hands. The 52-week high of the shares is $5.57 and the 52-week low is $1.61. The market cap of the company stands at $4,293 M and there are 79,35,19,840 shares in public circulation.

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.

Advanced Micro Devices

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