Advanced Micro Devices, Inc. (AMD) Position Cut by Parametric Portfolio Associates LLC

Remigio Civitarese
Ottobre 13, 2017

The stock has an average rating of "Hold" and an average price target of $13.93.

Karpus Management Inc. holds 0.92% of its portfolio in Lazard World Dividend & Income Fund, Inc for 1.65 million shares. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post $0.07 EPS for the current year. Morgan Stanley upgraded the shares of AMD in report on Thursday, December 15 to "Equal-Weight" rating. The company has an average rating of "Hold" and an average target price of $12.51. Share performance for the month is now at 12.85%. Finally, BMO Capital Markets reissued an "outperform" rating and set a $15.00 target price on shares of Advanced Micro Devices in a report on Thursday, February 2nd. (NASDAQ:AMD), Fitbit Inc (NYSE:FIT) and Nvidia Corporation (NASDAQ:NVDA) are all showing potential for breakouts over the next week as the earnings continue to roll in. The stock price hovered in an intraday range of $13.61- $13.96.

The counter witnessed a trading volume of 12.23 million shares versus an average volume of 10.87 million shares during last trading session. Following the completion of the transaction, the chief accounting officer now directly owns 31,291 shares in the company, valued at $380,811.47. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP James Robert Anderson sold 20,000 shares of the company's stock in a transaction that occurred on Friday, July 28th. 162,500 shares were sold by Su Lisa T, worth $1.98 million on Tuesday, June 13. Institutional ownership is usually beneficial to a stock price initially, but very high institutional ownership has several shortcomings. The disclosure for this sale can be found here.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Baillie Gifford & Co. purchased a new stake in shares of Advanced Micro Devices during the second quarter worth $184,767,000. Neuberger Berman Group LLC grew its holdings in Advanced Micro Devices by 0.4% during the second quarter. Citigroup holds 0.01% in Advanced Micro Devices, Inc. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Advanced Micro Devices by 48.3% during the second quarter. During the same quarter past year, the business posted ($0.05) earnings per share. Recently, the equity stands -9.72% away from the 52-week high and 127.15% from the 52-week low.

Taking a peek at some Moving Averages, the 200-day is at 11.36, the 50-day is 10.81, and the 7-day is sitting at 11.36. The company has market cap of $13.14 billion. (NASDAQ:AMD). Tiaa Cref Inv Ltd Co reported 0.06% of its portfolio in Advanced Micro Devices, Inc. The semiconductor manufacturer reported $0.02 EPS for the quarter, topping the Zacks' consensus estimate of ($0.02) by $0.04. Advanced Micro Devices, Inc. The company had revenue of $984 million during the quarter, compared to the consensus estimate of $984.40 million. During the same quarter in the prior year, the firm earned ($0.05) earnings per share.

Following the numbers for Advanced Micro Devices Inc. Ontario - Canada-based Scotia Capital Inc has invested 0.07% in Advanced Micro Devices, Inc. "(AMD) Short Interest Up 1.5% in September" was originally reported by StockNewsTimes and is owned by of StockNewsTimes.

Currently, the 14-day ADX for Adv Micro Devices (AMD) is sitting at 20.74. 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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