Advanced Micro Devices (AMD) is Reiterated by Canaccord Genuity to Buy, Raises Price Target to $ 8.50

Advanced Micro Devices (AMD) was Reiterated by Canaccord Genuity to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 8.50 from a previous price target of $7.50 . Canaccord Genuity advised their investors in a research report released on Aug 25, 2016.

Many Wall Street Analysts have commented on Advanced Micro Devices. Company shares were Reiterated by Mizuho on Jul 22, 2016 to “Neutral”, Firm has raised the Price Target to $ 5.50 from a previous price target of $4.50 .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.

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 opened for trading at $7.66 and hit $7.74 on the upside on Tuesday, eventually ending the session at $7.67, with a gain of 1.19% or 0.09 points. The heightened volatility saw the trading volume jump to 2,75,28,915 shares. Company has a market cap of $6,102 M.

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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