Advanced Micro Devices, Inc. (NASDAQ:AMD) Receives Hold Rating from Summit Redstone

Advanced Micro Devices, Inc. (NASDAQ:AMD) Receives Hold Rating from Summit Redstone

Advanced Micro Devices is trading at a lower price-to-earnings ratio than Lattice Semiconductor Corporation, indicating that it is now the more affordable of the two stocks. The semiconductor manufacturer reported ($0.04) earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of ($0.04). According to these analysts, the Low Revenue Estimate for Advanced Micro Devices, 1.15 Billion and the High Revenue Estimate is 1.2 Billion.

Meanwhile, GPU rival NVIDIA is feeling the heat from AMD and is estimated to have lost 4.2 percentage points of GPU market share during the first quarter of the year, and AMD hasn't even launched its Vega GPUs yet. Myriad Asset Management Ltd sold 1.29 million shares as Advanced Micro Devices Inc (AMD)'s stock declined 13.10%. Shares of AMD moved upward with change of 13.92% to its 50-day Moving average. Advanced Micro Devices presently has a consensus rating of "Hold" and a consensus price target of $12.88.

Novavax, Inc. (NASDAQ:NVAX) trades at $1.51 having a market capitalization of $435.35 million. Advanced Micro had 55 analyst reports since August 13, 2015 according to SRatingsIntel.

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TRADEMARK VIOLATION NOTICE: "Advanced Micro Devices, Inc". Australia-based Amp Capital Limited has invested 0% in Advanced Micro Devices, Inc. While the company's share hit the 52 week high on 02/28/17 stationing the value of $15.55. On the other side, analysts now consider Advanced Micro Devices, Inc. a neutral, and a technical analysis of the stock is setting somewhat neutral outlook for now. Following the completion of the sale, the insider now directly owns 19,808 shares in the company, valued at approximately $217,491.84.

In other Advanced Micro Devices news, CFO Devinder Kumar sold 94,199 shares of the company's stock in a transaction on Wednesday, May 3rd. Credit Suisse maintained it with "Underperform" rating and $5.50 target in Friday, July 22 report. The shares were sold at an average price of $12.48, for a total transaction of $1,998,322.56.

Covering sell-side analysts have recently weighed in on shares of Advanced Micro Devices, Inc. More interesting news about Advanced Micro Devices, Inc. Analyst price targets may vary depending on the individual method used to calculate the estimate. When we divide the last trade volume by the 3-month average volume, we found out a relative volume of 0.86. Finally, Pacific Crest restated an equal weight rating on shares of Advanced Micro Devices in a research note on Tuesday, June 20th.

While competition is fierce in the CPU market with major players such as Intel (INTC), it looks like some of AMD's new products have been well received based on recent market share reports from PassMark, which charts market share by looking at the number of performance tests conducted with chips. Analysts predict that Advanced Micro Devices will post $0.07 EPS for the current year. $1.48 million worth of Advanced Micro Devices, Inc. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP James Robert Anderson sold 20,000 shares of the stock in a transaction that occurred on Tuesday, May 23rd. Shares for $333,914 were sold by SMITH DARLA M. Shares for $1.04M were sold by WOLIN HARRY A on Friday, February 3. The Guardian Capital Advisors Lp holds 81,476 shares with $2.33 million value, down from 124,758 last quarter. Investors expect the good YTD performance from the stock. The stock surging with rising stream of 7.84% in recent 3 months. ING Groep NV acquired a new position in Advanced Micro Devices during the first quarter valued at $127,000. The company had Year Ago Sales of $1.13 Billion. Bluestein R H & Co. bought a new position in Advanced Micro Devices during the first quarter valued at about $146,000. This movement could be bad/good signal for few investors as firm is showing performance for the quarter as 7.84%. John G Ullman & Associate Inc holds 0.02% of its portfolio in Advanced Micro Devices, Inc. John G Ullman And Associates invested 0.02% in Advanced Micro Devices, Inc.

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