Today’s Rating On Watch: 20.83% to Target, MKM Partners Reconfirms Buy Rating for Advanced Micro Devices (NASDAQ:AMD) Stock

November 23, 2016 - By Marguerite Chambers

Today's Rating On Watch: 20.83% to Target, MKM Partners Reconfirms Buy Rating for Advanced Micro Devices (NASDAQ:AMD) Stock

Advanced Micro Devices (NASDAQ:AMD) Rating

MKM Partners currently has a $10.50 target price per share on the $8.27B market cap company or 20.83% upside potential. In analysts report published on 22 November, Advanced Micro Devices (NASDAQ:AMD) stock had its Buy Rating kept by expert analysts at MKM Partners.

Advanced Micro Devices, Inc. (NASDAQ:AMD) Ratings Coverage

Out of 11 analysts covering Advanced Micro (NASDAQ:AMD), 3 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 27% are positive. $10.50 is the highest target while $1.75 is the lowest. The $5.59 average target is -35.67% below today’s ($8.69) stock price. Advanced Micro has been the topic of 17 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Friday, July 22 by Mizuho. The rating was upgraded by Canaccord Genuity to “Hold” on Thursday, June 16. Credit Suisse maintained the shares of AMD in a report on Friday, July 22 with “Underperform” rating. The firm has “Market Perform” rating by Bernstein given on Tuesday, September 20. The stock of Advanced Micro Devices, Inc. (NASDAQ:AMD) earned “Hold” rating by Craig Hallum on Thursday, April 7. The stock of Advanced Micro Devices, Inc. (NASDAQ:AMD) earned “Hold” rating by Deutsche Bank on Wednesday, September 14. On Thursday, August 25 the stock rating was maintained by Canaccord Genuity with “Buy”. On Tuesday, November 22 the stock rating was maintained by M Partners with “Buy”. The rating was downgraded by Bernstein on Friday, July 8 to “Underperform”. The firm earned “Strong-Buy” rating on Tuesday, September 22 by Vetr.

The stock decreased 2.80% or $0.25 during the last trading session, hitting $8.69. About 370 shares traded hands. Advanced Micro Devices, Inc. (NASDAQ:AMD) has risen 231.68% since April 21, 2016 and is uptrending. It has outperformed by 226.35% the S&P500.

Insitutional Activity: The institutional sentiment increased to 2.16 in 2016 Q2. Its up 0.02, from 2.14 in 2016Q1. The ratio increased, as 20 funds sold all Advanced Micro Devices, Inc. shares owned while 43 reduced positions. 53 funds bought stakes while 82 increased positions. They now own 330.20 million shares or 3.85% more from 317.95 million shares in 2016Q1.

B T Cap Management Dba Alpha Cap Management holds 0.28% of its portfolio in Advanced Micro Devices, Inc. (NASDAQ:AMD) for 75,000 shares. Nomura Hldgs reported 13,000 shares or 0% of all its holdings. Amer Gru reported 1.60M shares or 0% of all its holdings. The New York-based Alliancebernstein Ltd Partnership has invested 0.06% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Dimensional Fund Advsr Limited Partnership has 2.37M shares for 0.01% of their US portfolio. California State Teachers Retirement Systems accumulated 0.02% or 1.38M shares. Blackrock Advsrs Ltd Com has 515,668 shares for 0% of their US portfolio. Blackrock Fund Advsrs accumulated 0.04% or 34.59M shares. Engineers Gate Manager Limited Partnership, a New York-based fund reported 590,548 shares. Moreover, Ladenburg Thalmann Finance Services has 0% invested in Advanced Micro Devices, Inc. (NASDAQ:AMD) for 27,220 shares. Hexavest reported 94,373 shares or 0.01% of all its holdings. Principal Grp Inc owns 2.40 million shares or 0.02% of their US portfolio. Prudential Fincl Inc has 414,233 shares for 0% of their US portfolio. Rhumbline Advisers last reported 1.24M shares in the company. Baker Avenue Asset Management Limited Partnership has 84,040 shares for 0.07% of their US portfolio.

Insider Transactions: Since June 2, 2016, the stock had 0 insider buys, and 10 sales for $13.84 million net activity. Papermaster Mark D also sold $154,735 worth of Advanced Micro Devices, Inc. (NASDAQ:AMD) on Tuesday, November 15. The insider WOLIN HARRY A sold $906,661. Shares for $2.07M were sold by KUMAR DEVINDER. $1.49 million worth of Advanced Micro Devices, Inc. (NASDAQ:AMD) was sold by Norrod Forrest Eugene. SMITH DARLA M sold 14,470 shares worth $100,132. $2.63M worth of shares were sold by ANDERSON JAMES ROBERT on Tuesday, November 15. Su Lisa T sold $4.40M worth of Advanced Micro Devices, Inc. (NASDAQ:AMD) on Wednesday, November 2.

Advanced Micro Devices, Inc. is a global semiconductor company. The company has a market cap of $8.27 billion. The Firm is engaged in offering x86 microprocessors, as a standalone central processing unit 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. It currently has negative earnings. It operates in two divisions: the Computing and Graphics segment, which includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics, and the Enterprise, Embedded and Semi-Custom segment, which includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties.

According to Zacks Investment Research, “Advanced Micro Devices, Inc. is a world-class company with the innovation, execution, and vision to grow our leadership position in the industry. Today’s world-class companies share three essential characteristics. First, they deliver innovative products and technologies that customers want. Second, they have established a proven track record of fast, efficient manufacturing execution. And third, they have a bold vision of where to take their business, and often their industry. Over the course of AMD’s three decades in business, silicon and software have become the steel and plastic of the worldwide digital economy. Technology companies have become global pacesetters, making technical advances at a prodigious rate always driving the industry to deliver more and more, faster and faster. AMD’s dedication to customer-centric innovation and competitive spirit is an unbroken thread running from our early days in the integrated circuit business, through an ever-broadening product portfolio.”

AMD Company Profile

Advanced Micro Devices, Inc., incorporated on May 1, 1969, is a global semiconductor company. The Firm 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. The Firm operates in two divisions: the Computing and Graphics segment, which includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics, and the Enterprise, Embedded and Semi-Custom segment, which includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties.

More important recent Advanced Micro Devices, Inc. (NASDAQ:AMD) news were published by: Schaeffersresearch.com which released: “Most Active Weekly Options: NVIDIA Corporation and Advanced Micro Devices, Inc.” on November 21, 2016, also Profitconfidential.com published article titled: “Advanced Micro Devices, Inc.: If AMD Stock Does THIS It’ll Fly”, Fool.com published: “Better Buy: Advanced Micro Devices, Inc. vs. NVIDIA” on November 02, 2016. More interesting news about Advanced Micro Devices, Inc. (NASDAQ:AMD) was released by: Seekingalpha.com and their article: “AMD Benefiting From Graphics Boom” with publication date: November 23, 2016.

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