Thomson Reuters/Verus cut shares of Advanced Micro Devices (NYSE:AMD) from a buy rating to a hold rating in a research report sent to investors on Monday morning, StockRatingsNetwork reports.
In other Advanced Micro Devices news, SVP John Byrne sold 73,246 shares of Advanced Micro Devices stock on the open market in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $3.33, for a total transaction of $243,909.18. Following the completion of the sale, the senior vice president now directly owns 7,664 shares of the company’s stock, valued at approximately $25,521. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Advanced Micro Devices (NYSE:AMD) opened at 3.66 on Monday. Advanced Micro Devices has a 52 week low of $2.21 and a 52 week high of $4.65. The stock’s 50-day moving average is $3.46 and its 200-day moving average is $3.76. The company’s market cap is $2.649 billion.
Advanced Micro Devices (NYSE:AMD) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the company posted ($0.20) earnings per share. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, analysts predict that Advanced Micro Devices will post $-0.12 earnings per share for the current fiscal year.
A number of other firms have also recently commented on AMD. Analysts at Sanford C. Bernstein downgraded shares of Advanced Micro Devices from a market perform rating to an underperform rating in a research note to investors on Tuesday, October 22nd. Finally, analysts at Merrill Lynch cut their price target on shares of Advanced Micro Devices from $6.00 to $4.50 in a research note to investors on Monday, October 21st. Seven investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. Advanced Micro Devices has an average rating of Hold and a consensus price target of $4.59.
Advanced Micro Devices, Inc (NYSE:AMD) is a global semiconductor company with facilities around the world.
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