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Advanced Micro Devices, Inc. (AMD) Earns "Buy" Rating from Canaccord Genuity

At the time of writing, the First Call consensus price target for the company is $13.12. (NASDAQ:AMD) news were published by: Seekingalpha.com which released: "New Reviews Demolish The Myth Of Threadripper Value" on September 26, 2017, also Seekingalpha.com with their article: "AMD And Nvidia Are Still Undervalued" published on September 22, 2017, Seekingalpha.com published: "AMD Crypto Currency Sales Will Be Impressive" on September 15, 2017. (NYSE:BDC) has "Buy" rating given on Friday, June 23 by Goldman Sachs. On Monday, April 10 Claflin Bruce L. sold $266,600 worth of Advanced Micro Devices, Inc. Investors who are keeping close eye on the stock of Advanced Micro Devices, Inc. Finally, Credit Suisse Group reaffirmed a "neutral" rating on shares of Advanced Micro Devices in a report on Sunday, May 21st. Craig Hallum lifted their price target on shares of Advanced Micro Devices from $16.00 to $17.00 and gave the company a "buy" rating in a report on Thursday, June 22nd. The firm has "Market Perform" rating by BMO Capital Markets given on Wednesday, July 26. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of "Hold" and an average target price of $13.89. (NASDAQ AMD) traded down 1.27% during trading on Tuesday, reaching $12.45. The stock is gapping up 2.68% before market open touching $7.80 on a recent bid. The stock has a 50-day moving average price of $12.68 and a 200 day moving average price of $12.78. $960,879 worth of Advanced Micro Devices, Inc.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, July 25th. After $-0.01 actual earnings per share reported by Advanced Micro Devices, Inc. for the previous quarter, Wall Street now forecasts -600.00% EPS growth. According to their predictions high & low revenue estimates are 1.56 Billion and 1.42 Billion respectively. 162,500 Advanced Micro Devices, Inc.

Advanced Micro Devices, Inc is a global semiconductor company. During the same period in the previous year, the company posted ($0.05) EPS.

TRADEMARK VIOLATION NOTICE: This news story was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this story on another site, it was copied illegally and reposted in violation of USA and worldwide trademark & copyright laws. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2017/09/26/advanced-micro-devices-inc-amd-earns-buy-rating-from-jefferies-group-llc.html. (NASDAQ:AMD) shares. $896,000 worth of stock was sold by Su Lisa T on Tuesday, May 9. The stock ended last trade at $12.61 a share and the price is up more than 11.20% so far this year. The short ratio in the company's stock is documented at 2.14 and the short float is around of 15.85%. The shares were sold at an average price of $13.91, for a total transaction of $278,200.00. (NASDAQ:AMD) established that the company was able to keep return on investment at - in the trailing twelve month while Reuters data showed that industry's average stands at 3.98 and sector's optimum level is 15.19. The disclosure for this sale can be found here.

Looking into last 5 trades, the stock observed a return of nearly -3.59%. Corporate insiders own 1.60% of the company's stock. It turned negative, as 32 investors sold Belden Inc. shares while 73 reduced holdings. Vanguard Group Inc. grew its holdings in shares of Advanced Micro Devices by 6.6% during the 2nd quarter. This recommendation lands on a scale between 1 and 5.

08/24/2017 - Advanced Micro Devices, Inc. had its "buy" rating reiterated by analysts at Bank of America Merrill Lynch. Wellington Management Group LLP now owns 14,181,305 shares of the semiconductor manufacturer's stock worth $206,339,000 after purchasing an additional 13,939,494 shares during the period. Quantitative Investment Management LLC owned about 0.31% of Advanced Micro Devices at the end of the most recent reporting period. Meeder Asset Management Inc. purchased a new stake in Advanced Micro Devices in the first quarter valued at $100,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. 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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