(NASDAQ:AMD) is at 46.52.
AMD has been the topic of several other reports. However, that missed analysts' average estimate of $442.1 million, according to financial data and analytics firm FactSet.
Currently, Advanced Micro Devices, Inc. holds a stock price of 13.3 and exhibits a change in price of -2.35%. Given the surge in the stock price previous year, investors were betting on AMD's new products making a big splash. It has been assigned a low target price of $4 and a high target price of $17. They issued a "buy" rating and a $16.50 target price on the stock.
The shares outstanding for Advanced Micro Devices, Inc.is levered at 964.05 *. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. In last year's first quarter, the chip maker reported losses of 12 cents per share or $96 million on $832 million in sales. The company had a trading volume of 55,426,518 shares. The stock price is moving downward -0.23% to its 50-day moving average. That puts the market capitalization at $12.46 bln. According to Thomson Reuters, sell-side analysts are projecting a consensus target price of $86.31 on company shares.
Advanced Micro Devices (AMD) posted a loss of $73 million, or $0.08 per share, on revenue of $984 million in the first quarter of 2017, the chip designer announced.
On a non-GAAP basis, operating loss was US$6 million, net loss was US$38 million, and loss per share was US$0.04, AMD said. AMD's Computing and Graphics segment saw a 29% YoY increase in sales, primarily driven by Ryzen processors and higher average selling prices for desktop CPUs and GPUs.
COPYRIGHT VIOLATION WARNING: "Macquarie Initiates Coverage on Advanced Micro Devices, Inc".
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Maybe more worrying though is the fact AMD is still ploughing through a lot of their cash reserves getting new products to market. Nonetheless, we'll continue to follow the story closely and bring the news to you as it breaks!
"Results clearly fell short of high expectations the stock was reflecting", Macquarie Capital analyst Srini Pajjuri wrote in a note to clients.
In other Advanced Micro Devices news, SVP Forrest Eugene Norrod sold 62,500 shares of Advanced Micro Devices stock in a transaction on Tuesday, February 7th. A simple moving average (SMA) is an arithmetic moving average calculated by adding the closing price of the security for a number of time periods and then dividing this total by the number of time periods. This is a near-term estimate for the next 12-18 months. (CSCO). A frequently used tool among technical stock analysts is the moving average.
Wong maintains an "outperform" rating on AMD and values the stock at between $13 and $15 per share. The disclosure for this sale can be found here. Nisa Investment Advisors LLC now owns 11,300 shares of the semiconductor manufacturer's stock worth $164,000 after buying an additional 3,200 shares in the last quarter.
Several large investors have recently added to or reduced their stakes in AMD. Insiders own 1.00% of the company's stock.
The weekly performance of Advanced Micro Devices, Inc.is 2.31%, presenting a monthly performance value of -2.99% with the quarterly performance value of 24.65%.