What Wall Street is saying about Advanced Micro Devices, Inc. (NASDAQ:AMD)

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10 March, 2017

Company has reported several Insider transactions to the SEC, on Mar 6, 2017, Development Co Pjsc Mubadala (director 10% owner) sold 4.5E7 shares at 13.63 per share price.On Mar 3, 2017, Devinder Kumar (SVP, CFO & Treasurer) sold 106,420 shares at 14.79 per share price.On Feb 27, 2017, James Robert Anderson (SVP & GM, CG) sold 20,000 shares at 14.02 per share price. Inc. acquired a new position in shares of Advanced Micro Devices during the third quarter valued at $2,764,000. The total inflow of $133.24 million in upticks was completely overshadowed by an outflow of $136.78 million in downticks, giving the up/down ratio a value of 0.97. (NASDAQ:AMD)'s latest quarter, EPS moved to $-0.01 from $0.03 in preceding quarter and revenues reached at $1,106.00M compared to $1,307.00M.

Recently, Advanced Micro Devices launched Ryzen 7 processors with three 8-core Ryzen 7 models, while the company expects to launch Ryzen 5 and Ryzen 3 processors later in the year.

Separately, Rosenblatt Securities initiated coverage on Advanced Micro Devices in a report on Wednesday, February 22nd. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. Ameritas Investment Partners Inc. increased its stake in shares of Advanced Micro Devices by 86.1% in the third quarter. Shares of the Company are trading above their 50-day moving average by 9.05%. Teachers Advisors LLC raised its stake in Advanced Micro Devices by 29.4% in the third quarter. The semiconductor manufacturer reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.02. The stock now has a consensus rating of "Hold" and a consensus target price of $9.73.

Other institutional investors also recently added to or reduced their stakes in the company.

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Since the beginning of the calendar year, the stock is 16.58%. Share performance for the month is now at -3.01%. Vetr upgraded Advanced Micro Devices from a strong sell rating to a hold rating and set a $5.74 price objective on the stock in a report on Monday, September 12th.

Advanced Micro Devices (NASDAQ:AMD) traded down 2.10% during midday trading on Tuesday, hitting $11.20. The company's market capitalization is $12.28 billion. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and global trademark and copyright law. Also, Director Bruce L. Claflin sold 20,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, January 10th. This showed the surprise of 50% in the last quarter earnings.

02/01/2017 - Advanced Micro Devices, Inc. had its " rating reiterated by analysts at Jefferies. The shares were sold at an average price of $12.28, for a total value of $341,727.84. Following the completion of the transaction, the senior vice president now owns 821,602 shares in the company, valued at $8,183,155.92. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Advanced Micro Devices during the third quarter valued at about $1,138,000. In the last 90 days, insiders have sold 45,625,804 shares of company stock valued at $620,691,543.

Dr. Lisa T. Su is one of the biggest insider owners in Advanced Micro Devices, Inc. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.


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