Analyst Stock Recommendations For Advanced Micro Devices, Inc. (AMD), Snap Inc. (SNAP)
- Author: Tracy Ferguson Mar 09, 2017,
Mar 09, 2017, 0:32
03/02/2017 - Advanced Micro Devices, Inc. had its " rating reiterated by analysts at Rosenblatt Securities. Pacific Crest reissued an "equal weight" rating on shares of Advanced Micro Devices in a research note on Wednesday, December 14th. They now have a United States dollars 15 price target on the stock. The latest reports which are outstanding on Tuesday 7th of March state 6 analysts have a rating of "strong buy", 5 analysts "buy", 14 analysts "neutral", 0 analysts "sell" and 2 analysts "strong sell". The stock presently has an average rating of Hold and an average target price of $9.73. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. A low number between 1 and 2 indicates a Buy or Strong Buy. The stock has a 50 day moving average of $10.66 and a 200 day moving average of $7.68. (NASDAQ:AMD) reported its EPS in the last quarter as $-0.01/Share beating the analyst estimate of $-0.02/Share by the difference of $0.01.
Whereas they predicted High and Low Earnings Estimate as $-0.03 and $-0.06 respectively. The company reported its last quarter on Dec 16. The business's revenue for the quarter was up 23.2% on a year-over-year basis. For the past 5 years, the company's revenue has grown 0%, while the company's earnings per share has grown 0%.
Devinder Kumar, SVP, CFO & Treasurer of Advanced Micro Devices Inc sold 106,420 shares on Mar 1, 2017.
This news story was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of worldwide trademark and copyright legislation. The legal version of this article can be accessed at https://www.com-unik.info/2017/03/08/advanced-micro-devices-inc-amd-earns-buy-rating-from-bank-of-america-corp.html. The shares were sold at an average price of $11.34, for a total value of $226,800.00.
Another insider trade includes Officer Norrod (Forrest Eugene) who also initiated a transaction in which 36030 shares were traded on 13 Feb 2017 as "Sell". The shares were sold at an average price of $10.66, for a total transaction of $1,066,000.00. The disclosure for this sale can be found here. The stock traded between $12.79 and $13.58 on volume of 163.64 million shares traded.
"We met our strategic objectives in 2016, successfully executing our product roadmaps, regaining share in key markets, strengthening our financial foundation, and delivering annual revenue growth", said Dr. Lisa Su, AMD president and CEO. Neuberger Berman Group LLC purchased a new position in Advanced Micro Devices during the second quarter worth $116,000. Metropolitan Life Insurance Co. Stevens Capital Management LP bought a new position in shares of Advanced Micro Devices during the third quarter valued at approximately $127,000. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 1.88 on scale of 1-5.
With its plan to hold the remaining 97 million shares it owns in AMD, the Emirati company is still the largest single shareholder in the company followed by the US-based asset management company BlackRock, which now owns an 8.69 per cent stake, it added. The Company is engaged in offering x86 microprocessors, as a standalone central processing unit (CPU) or as incorporated into an accelerated processing unit (APU), chipsets, and discrete graphics processing units (GPUs) for the consumer, commercial and professional graphics markets, and server and embedded CPUs, GPUs and APUs, and semi-custom System-on-Chip (SoC) products and technology for game consoles.