AMD lays out plans for growth in battle with Nvidia, Intel

18 May, 2017, 01:26 | Author: Valerie Burke
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A total of 158.79 million shares exchanged at hands and its average trading volume is standing at 68.75 million shares. The relative volume of the stock is 2.28, while its market cap is $10.72 Billion. Canaccord Genuity boosted their target price on Advanced Micro Devices to $17.00 and gave the stock a "buy" rating in a report on Thursday, March 9th. (AMD) is at 56.98.

Price targets show what analysts believes a stock will be worth at the end of a certain time period. The stock is now trading 18.22% above its SMA 50 and 26.98% above its SMA 200. Price Target plays a critical role when it comes to the analysis of a Stock.

On 4/10/2017 Bruce L Claflin, Director, sold 20,000 with an average share price of $13.33 per share and the total transaction amounting to $266,600.00. Different analysts and financial institutions use various valuation methods and consider different economic forces when deciding on a price target.

The Intel-AMD graphics licensing deal has been doing the rounds ever since Intel's deal with NVIDIA (NASDAQ:NVDA) ended in March 2017. Following the completion of the sale, the chief executive officer now directly owns 1,429,540 shares of the company's stock, valued at approximately $14,638,489.60. Incidentally, the stock surged a little over 30 percent after the company delivered its earnings results on May 9 after the bell. Advanced Micro Devices's revenue for the quarter was up 18.3% compared to the same quarter a year ago.

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Advanced Micro Devices, Inc. the EPS stands at -0.04 for the previous quarter, while the analysts predicted the EPS of the stock to be -0.04, suggesting the stock fell short of the analysts' expectations. The additional $300M in licensing fees alone could take that to a 3.5% loss, without accounting for any top line growth or gross margin expansion, which the company expects in FY 2017.

These analysts also forecasted Growth Estimates for the Current Quarter for AMD to be 100%. Revenue during that quarter was posted at $1.31B, whereas the consensus estimate was predicting $1.21B. The Rnc Capital Management Llc holds 65,671 shares with $1.56 million value, down from 93,368 last quarter. Advanced Micro Devices also was the recipient of some unusual options trading activity on Monday. Moving averages can be very helpful for identifying peaks and troughs. Look at the direction of the moving average to get a basic idea of which way the price is moving. Shares price moved down from its 50 days moving average with -12.05% and remote positively from 200 days moving average with 15.01%. (NASDAQ:AMD) stock volatility was recorded 5.26% which for the previous full month was noted 4.31%.

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In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report.

A number of analysts have recently weighed in on the stock. Vetr upgraded shares of Advanced Micro Devices from a "buy" rating to a "strong-buy" rating and set a $16.07 price objective on the stock in a research note on Thursday, February 23rd. The consensus recommendation for stock is 2.70.

5/17/2017-Loop Capital was Downgraded by analysts at Loop Capital from a "Buy " rating to a " Hold" rating.

As we had written in our earlier coverage, AMD stock was poised for a breakout going into the last trading session (on May 16). The stock went down -3.85% at some stage in past quarter.

In the quarter ending September 2016, Advanced Micro Devices, Inc. delivered an even larger earnings beat. New York State Common Retirement Fund now owns 687,200 shares of the semiconductor manufacturer's stock worth $4,749,000 after buying an additional 15,800 shares in the last quarter.

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