Focusing the Lens in on Adv Micro Devices (AMD) Shares

Doris Richards
October 13, 2017

Susquehanna initiated the shares of AMD in report on Tuesday, September 20 with "Neutral" rating.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, July 25th. Its last month's stock price volatility remained 2.59% which for the week stands at 3.48%.

The price target set for the stock is $14.27 and this sets up an interesting set of potential movement for the stock, according to data from Finviz's Research. (NYSE:EFX). At the time of writing, the First Call consensus price target for the company is $122.92. This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell.

Analysts expect Advanced Micro Devices, Inc. 69,389,844 shares of the stock were exchanged.

Advanced Micro Devices, Inc. has a one year low of $4.07 and a one year high of $15.55. The company has market cap of $13.14 billion.

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 semiconductor manufacturer reported $0.02 EPS for the quarter, topping the Zacks' consensus estimate of ($0.02) by $0.04.

Currently, Advanced Micro Devices Inc. Currently, the stock has a consensus analyst rating of 4.8181818181818. During the same period in the previous year, the firm earned ($0.05) EPS. Mitsubishi UFJ Trust & Banking Corp now owns 2,363,776 shares of the semiconductor manufacturer's stock worth $29,500,000 after buying an additional 769,739 shares in the last quarter.

In other Advanced Micro Devices news, CAO Darla M. Smith sold 11,810 shares of the company's stock in a transaction that occurred on Friday, August 11th. Currently, Adv Micro Devices (AMD) has a 14-day ATR of 0.45. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & global copyright & trademark legislation. Presently, Advanced Micro Devices Inc. Norrod Forrest Eugene had sold 62,500 shares worth $825,625. The stock was sold at an average price of $13.33, for a total transaction of $266,600.00.

Alyeska Investment Group Lp decreased Slm Corp (SLM) stake by 96.04% reported in 2017Q2 SEC filing. The target implies a 11.88% spike from where the shares are now trading. Given that its average daily volume over the 30 days has been 61.62M shares a day, this signifies a pretty significant change over the norm. 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 disclosure for this sale can be found here. Currently, the stock has a 1 month average volume of 1488574.

The RSI for FIT is indicating that there is room for another 10% rally in the shares ahead of the company's earnings on November 1.

Institutional investors have recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. grew its holdings in Advanced Micro Devices by 0.3% during the second quarter. $105,628 worth of Advanced Micro Devices, Inc. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Advanced Micro Devices by 20.5% during the second quarter. Institutional ownership can eventually exceed 100 percent of float, which means that, in addition to all the available shares, institutions have also bought up all the borrowed shares from short sellers who are betting that the stock will decline.

Ratings analysis reveals 42% of Advanced Micro's analysts are positive. The Firm is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit, 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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