BMO Capital Markets reissued an "outperform" rating and issued a $15.00 target price on shares of Advanced Micro Devices in a research note on Wednesday. After $-0.07 actual earnings per share reported by Advanced Micro Devices, Inc. for the previous quarter, Wall Street now forecasts -42.86% EPS growth. (AMD) is $12.57/share according to the consensus of analysts working on the stock.
In recent trading day Advanced Micro Devices, Inc. Finally, Moloney Securities Asset Management LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $147,000.
Advanced Micro Devices (NASDAQ:AMD) traded up 11.65% during trading on Monday, hitting $12.75. (SBH)'s shares projecting a $23 target price.
AMD has a 1-year high price of $ 15.55 and 1-year low price of $3.65. Advanced Micro Devices also was the recipient of unusually large options trading on Monday. 56,072,619 shares of the company's stock were exchanged. This is an increase of approximately 372% compared to the typical daily volume of 14,341 call options. Comparatively, Advanced Micro Devices, Inc. posted earnings of $-0.04 per share in the same quarter previous year. The semiconductor manufacturer reported ($0.04) earnings per share for the quarter, meeting the Zacks' consensus estimate of ($0.04).
Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. Typically, they estimate what the company's earnings and cash flow will be for the next couple of years, and then apply a ratio - such as a price-to-earnings ratio - to those estimates to determine what the future stock price should theoretically be. Comparatively, AMD posted earnings of $-0.04 per share in the same quarter, a year earlier. Analysts expect that Advanced Micro Devices will post $0.07 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This story was first published by BBNS and is the property of of BBNS. If you are viewing this news story on another domain, it was illegally copied and republished in violation of US and worldwide copyright & trademark laws. AMD's SI was 111.32 million shares in May as released by FINRA. Standard Life Plc (LON:SL) has risen 6.00% since April 17, 2017 and is uptrending. $7.28's average target is -35.63% below currents $11.31 stock price.
Analysts await Advanced Micro Devices, Inc.
Advanced Micro Devices, Inc. was covered by a number of analysts recently, 6 rated the stock as Buy, 14 rated Hold, 2 rated sell and 2 gave an Underperform. Despite the heavy losses, eight analysts still rate American Eagle Outfitters stock a "strong buy" or "buy", suggesting downgrades could be on the horizon. Advanced Micro Devices has an average rating of "Hold" and an average price target of $12.28. In other news, SVP Forrest Eugene Norrod sold 36,030 shares of the firm's stock in a transaction on Tuesday, February 14th. Earnings per share serves as an indicator of a company's profitability. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
In related news, Director Development Co Pjsc Mubadala sold 45,000,000 shares of the business's stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $10.24, for a total value of $896,000.00. The stock will now face a resistance at its 50-day moving average, which is currently at 12.95. The disclosure for this sale can be found here. 04, 2017. Thanks to an increase of nearly 5.99% in the past one month, the stock price is now outperforming with 17.74% so far on the year - still in strong zone.
Global Imaging Systems (GIS), A Xerox (XRX) Company, has acquired MT Business Technologies, a Mansfield, Ohio-based multi-brand dealer that provides office equipment, productivity solutions and managed print services to organizations throughout Ohio and South Eastern Michigan.Xerox is focused on enhancing and expanding its channel reach, particularly in the $20 billion multi-brand reseller space.