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 $ 7 from a previous price target of $5.50 . Mizuho advised their investors in a research report released on Sep 1, 2016.
Many Wall Street Analysts have commented on Advanced Micro Devices. Company shares were Reiterated by Canaccord Genuity on Aug 25, 2016 to “Buy”, Firm has raised the Price Target to $ 8.50 from a previous price target of $7.50 .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 .
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 -0.08 points or -1.04% at $7.59 with 1,69,16,273 shares getting traded on Monday. Post opening the session at $7.72, the shares hit an intraday low of $7.57 and an intraday high of $7.79 and the price fluctuated in this range throughout the day.Shares ended Monday 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.