Advanced Micro Devices (AMD) was Reiterated by MKM Partners to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 10.50 from a previous price target of $8 . MKM Partners advised their investors in a research report released on Nov 22, 2016.
Many Wall Street Analysts have commented on Advanced Micro Devices. Company shares were Upgraded by Credit Suisse on Oct 12, 2016 to ” Neutral”, Firm has raised the Price Target to $ 7 from a previous price target of $5.50 .Barclays Initiated Advanced Micro Devices on Oct 7, 2016 to “Equal Weight”, Price Target of the shares are set at $7.Advanced Micro Devices was Upgraded by Bernstein to ” Mkt Perform” on Sep 20, 2016.
On the company’s financial health, Advanced Micro Devices reported $0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $0.01. The company had revenue of $1307.00 million for the quarter, compared to analysts expectations of $1213.31 million. The company’s revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.17 EPS.
Advanced Micro Devices opened for trading at $8.68 and hit $8.83 on the upside on Monday, eventually ending the session at $8.71, with a gain of 2.96% or 0.25 points. The heightened volatility saw the trading volume jump to 6,23,36,214 shares. Company has a market cap of $8,073 M.
In a different news, on Nov 17, 2016, James Robert Anderson (SVP & GM, CGBG) sold 350,818 shares at $7.93 per share price. According to the SEC, on Nov 17, 2016, Mark D Papermaster (SVP & Chief Technology Officer) sold 22,105 shares at $7.00 per share price. On Nov 16, 2016, Harry A Wolin (SVP & GC) sold 37,500 shares at $6.76 per share price, according to the Form-4 filing with the securities and exchange commission.
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.