Morgan Stanley Reiterates Equal Weight Rating for Advanced Micro Devices, Inc. (AMD)

Cornelia Mascio
Mag 19, 2017

Coldstream Capital Management Inc. boosted its position in Advanced Micro Devices by 2.8% in the fourth quarter. LLC now owns 27,924 shares of the semiconductor manufacturer's stock valued at $193,000 after buying an additional 2,852 shares during the period.

Several other equities research analysts have also recently issued reports on the stock.

News coverage about Advanced Micro Devices (NASDAQ:AMD) has been trending somewhat positive this week, according to Alpha One. Coldstream Capital Management Inc. now owns 12,100 shares of the semiconductor manufacturer's stock valued at $137,000 after buying an additional 330 shares during the period. Finally, Norges Bank acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $50,722,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Advanced Micro Devices by 11.3% in the third quarter. Vanguard Group Inc. now owns 87,294,800 shares of the semiconductor manufacturer's stock valued at $1,270,140,000 after buying an additional 15,661,774 shares during the last quarter.

Since the beginning of the calendar year, Advanced Micro Devices, Inc. (NASDAQ:AMD) in a research report sent to investors on Monday. 86,900,076 shares of the company traded hands. Extending back, their 50-Day Simple Moving Average is -32.80%, looking even further back, their 200-Day Simple Moving Average stands at -29.90%. Advanced Micro Devices, Inc. The stock has a market capitalization of $9.36B along with 945.02M outstanding shares. Advanced Micro Devices also saw some unusual options trading on Tuesday. Traders acquired 67,738 call options on the company. This is an increase of approximately 386% compared to the typical volume of 5,311 put options.

Shares of Advanced Micro Devices (NASDAQ:AMD) traded up 0.670% during midday trading on Friday, hitting $11.275.

The company's expected revenue in the current quarter to be 1.15 Billion, seeing a projected current quarter growth of 100%, and per annum growth estimates over the next 5 year period of around -98.3%. The firm's revenue was up 18.3% compared to the same quarter a year ago. Second quarter sales were $108.3 million, essentially flat sequentially; strong FPD growth was offset by a decline in IC demand; Net income attributable to Photronics, Inc. shareholders was $1.8 million ($0.03 per diluted share); Net cashThird quarter 2017 guidance: sales between $110 and $120 million; diluted EPS between $0.05 and $0.12. The company's quarterly revenue was up 18.3% compared to the same quarter a year ago.

ILLEGAL ACTIVITY WARNING: This report was reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of USA and global trademark and copyright law.

AMD has been the topic of a number of other reports. Jefferies Group LLC raised their price target on Advanced Micro Devices to $16.00 and gave the company a "buy" rating in a research note on Monday, March 20th. Zacks Investment Research upgraded shares of Advanced Micro Devices from a hold rating to a buy rating and set a $15.00 price objective on the stock in a research note on Monday, May 1st. They set a "buy" rating and a $14.50 price objective on the stock. Oppenheimer Holdings Inc. reissued a "market perform" rating on shares of Advanced Micro Devices in a research report on Thursday, April 6th. Summit Redstone reissued a "buy" rating on shares of Advanced Micro Devices in a report on Saturday, January 21st. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The legal version of this piece can be accessed at https://transcriptdaily.com/2017/05/19/loop-capital-downgrades-advanced-micro-devices-inc-amd-to-hold.html. The shares were sold at an average price of $14.05, for a total transaction of $281,000.00. Earnings per share serves as an indicator of a company's profitability. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Following the transaction, the director now directly owns 638,902 shares in the company, valued at $8,516,563.66. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,262,175 shares of company stock worth $616,243,639.

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.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE