Shares of Advanced Micro (AMD) Rally on New Intel Licensing Deal

Violet Tucker
May 18, 2017

They now have a $11.00 price target on the stock, up previously from $11.90. Canaccord Genuity has "Buy" rating and $14 target. She also showed off the upcoming "Epyc" CPU offering, as well as Radeon GPU product for data-center servers. Oppenheimer Holdings Inc. reiterated a market perform rating on shares of Advanced Micro Devices in a research report on Thursday, April 6th.

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. Outstanding shares refer to a company's stock now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. BlackRock Inc. now owns 528,631 shares of the semiconductor manufacturer's stock worth $3,653,000 after buying an additional 150,726 shares in the last quarter.

The consensus recommendation, according to Zacks Investment research, is 2.1. (AMD)'s distance from 200 day simple moving average is 28.11 percent, its distance from 50 day simple moving average is -1.56 percent, while its distance from 20 day simple moving average is 7.04 percent. (NASDAQ:AMD) has risen 61.78% since October 6, 2016 and is uptrending. The stock has now run up 22% since it closed at a 3 1/2-month low of $10.04 on May 8, but was still down 9.8% since AMD reported first-quarter results that disappointed investors. The correct version of this news story can be accessed at https://www.chaffeybreeze.com/2017/05/17/advanced-micro-devices-inc-amd-expected-to-announce-earnings-of-0-03-per-share-updated.html. Stock investors acquired 67,738 call options on the stock. This is an increase of 372% compared to the average daily volume of 14,341 call options. (NASDAQ:AMD) was a poor performer over the last few weeks; this due to soft guidance from last quarter's earnings.

Many analysts are providing their Estimated Earnings analysis for Advanced Micro Devices, Inc. and these analysts have also projected a Low Estimate of $-0.01/share and a High Estimate of $0.01/share. The company's revenue was up 18.3% on a year-over-year basis. The current share price indicate that stock is 0.89% away from its one year high and is moving 69.75% ahead of its 52-week low. During the same period in the previous year, the business earned ($0.12) EPS.

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WARNING: "Advanced Micro Devices, Inc". In order to prevent any litigator gaps from happening, the chip giant has reportedly begun paying licensing deal to AMD. If you are viewing this news story on another domain, it was illegally copied and republished in violation of USA and global copyright & trademark laws. Panagora Asset Mgmt has invested 0% of its portfolio in Advanced Micro Devices, Inc.

On 5/9/2017 Lisa T Su, CEO, sold 87,500 with an average share price of $10.24 per share and the total transaction amounting to $896,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

In related news, Director Development Co Pjsc Mubadala sold 45,000,000 shares of the stock in a transaction on Friday, March 3rd. (AMD) has weekly volatility of 5.26%% while its monthly volatility value is at 4.31%%. The disclosure for this sale can be found here. The company is set at a mean analysts' recommendation of 2.70.

Several research analysts have recently weighed in on the company. For the next 5 years, Advanced Micro Devices, Inc.is expecting Growth of -98.3% per annum, whereas in the past 5 years the growth was -43.28% per annum. 20,000 shares were sold by ANDERSON JAMES ROBERT, worth $254,096 on Monday, February 6. Amalgamated Bank increased its stake in shares of Advanced Micro Devices by 0.8% in the first quarter. Wolverine Asset Management Llc bought 1.06 million shares as the company's stock rose 27.30% with the market. The stock declined 9.71% or $1.24 reaching $11.51 per share. California Public Employees Retirement System accumulated 1.93 million shares. Rnc Capital Management Llc sold 27,697 shares as Centurylink Inc (CTL)'s stock 0.00%. Tci Wealth Advisors owns 54 shares. The California-based Fort Point Cap Partners has invested 0.12% in Advanced Micro Devices, Inc.

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