Advanced Micro Devices (NASDAQ:AMD) Receiving Somewhat Positive News Coverage, InfoTrie Reports

Press coverage about Advanced Micro Devices (NASDAQ:AMD) has been trending somewhat positive this week, InfoTrie reports. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Advanced Micro Devices earned a media sentiment score of 1.86 on their scale. InfoTrie also gave media coverage about the semiconductor manufacturer an news buzz score of 0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the next few days.

These are some of the media headlines that may have effected Advanced Micro Devices’ analysis:

AMD has been the subject of a number of recent research reports. Deutsche Bank reissued a “hold” rating and issued a $29.00 price objective (up previously from $25.00) on shares of Advanced Micro Devices in a research note on Tuesday, July 30th. ValuEngine downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Atlantic Securities initiated coverage on shares of Advanced Micro Devices in a research note on Monday, July 22nd. They issued a “neutral” rating and a $28.00 price objective for the company. Finally, Wedbush reissued an “outperform” rating and issued a $39.00 price objective on shares of Advanced Micro Devices in a research note on Monday. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $34.24.

NASDAQ AMD traded up $0.87 on Thursday, hitting $34.00. The stock had a trading volume of 3,970,106 shares, compared to its average volume of 44,534,372. The business’s fifty day moving average price is $30.31 and its 200 day moving average price is $30.16. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.08 and a quick ratio of 1.52. Advanced Micro Devices has a 52-week low of $16.03 and a 52-week high of $35.55. The stock has a market cap of $35.86 billion, a price-to-earnings ratio of 97.14, a price-to-earnings-growth ratio of 2.88 and a beta of 2.99.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.81 billion. Advanced Micro Devices had a net margin of 3.47% and a return on equity of 17.85%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 earnings per share. As a group, sell-side analysts anticipate that Advanced Micro Devices will post 0.48 EPS for the current year.

In other news, CEO Lisa T. Su sold 429,497 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $33.53, for a total transaction of $14,401,034.41. Following the sale, the chief executive officer now directly owns 3,231,764 shares of the company’s stock, valued at $108,361,046.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Paul Darren Grasby sold 6,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $31.30, for a total transaction of $187,800.00. Following the sale, the senior vice president now directly owns 33,113 shares in the company, valued at $1,036,436.90. The disclosure for this sale can be found here. Insiders have sold 1,589,670 shares of company stock worth $51,273,135 over the last three months. Corporate insiders own 1.50% of the company’s stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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