Advanced Micro Devices (AMD) Receiving Neutral News Coverage, Report Finds

News stories about Advanced Micro Devices (NASDAQ:AMD) have trended neutral this week, InfoTrie Sentiment reports. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Advanced Micro Devices earned a coverage optimism score of 0.50 on their scale. InfoTrie also gave news coverage about the semiconductor manufacturer an news buzz score of 3 out of 10, indicating that recent news coverage is unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media headlines that may have impacted Advanced Micro Devices’ score:

Several research analysts have recently issued reports on the company. BidaskClub cut Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Cowen decreased their target price on Advanced Micro Devices from $33.00 to $26.00 and set an “outperform” rating for the company in a research report on Tuesday, October 30th. Craig Hallum reissued a “buy” rating and issued a $27.00 target price (up from $21.00) on shares of Advanced Micro Devices in a research report on Wednesday. Stifel Nicolaus reissued a “buy” rating on shares of Advanced Micro Devices in a research report on Thursday, July 26th. Finally, BMO Capital Markets decreased their target price on Advanced Micro Devices from $20.00 to $18.00 and set a “market perform” rating for the company in a research report on Thursday, October 25th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.65.

AMD traded up $1.16 on Wednesday, hitting $21.84. 118,479,961 shares of the company traded hands, compared to its average volume of 82,181,648. The company has a quick ratio of 1.37, a current ratio of 1.76 and a debt-to-equity ratio of 1.04. The company has a market cap of $20.22 billion, a PE ratio of 273.00, a P/E/G ratio of 4.16 and a beta of 3.64. Advanced Micro Devices has a 12-month low of $9.04 and a 12-month high of $34.14.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Wednesday, October 24th. The semiconductor manufacturer reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.71 billion. Advanced Micro Devices had a return on equity of 47.21% and a net margin of 5.51%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 EPS. As a group, sell-side analysts expect that Advanced Micro Devices will post 0.35 EPS for the current fiscal year.

In other news, CFO Devinder Kumar sold 75,000 shares of the stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $17.56, for a total transaction of $1,317,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa T. Su sold 615,777 shares of the stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $19.51, for a total value of $12,013,809.27. Following the transaction, the chief executive officer now directly owns 3,172,907 shares of the company’s stock, valued at $61,903,415.57. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,501,881 shares of company stock valued at $54,945,508. 1.80% of the stock is owned by company insiders.

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About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's 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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