Advanced Micro Devices (AMD) Getting Somewhat Positive Press Coverage, Analysis Shows
Press coverage about Advanced Micro Devices (NASDAQ:AMD) has trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Advanced Micro Devices earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave media headlines about the semiconductor manufacturer an impact score of 44.5239181769663 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Advanced Micro Devices, Inc. (AMD) CFO Devinder Kumar Sells 86,875 Shares (americanbankingnews.com)
- TJX Shows How to Win in Retail; AMD Gains Traction in Key Area — ICYMI Tuesday (finance.yahoo.com)
- Advanced Micro Devices, Inc. (AMD) Receives Buy Rating from Canaccord Genuity (americanbankingnews.com)
- Advanced Micro Devices : AMD Launches Threadripper but Stock Loses Steam (4-traders.com)
- Advanced Micro Devices, Inc. (AMD) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
Several research analysts have recently commented on the company. Canaccord Genuity reissued a “buy” rating and set a $20.00 price objective on shares of Advanced Micro Devices in a report on Tuesday. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Advanced Micro Devices in a report on Friday, June 23rd. Northland Securities reissued a “buy” rating and set a $17.50 price objective on shares of Advanced Micro Devices in a report on Friday, June 23rd. BMO Capital Markets lowered Advanced Micro Devices from an “outperform” rating to a “market perform” rating and set a $15.00 price objective for the company. in a report on Wednesday, July 26th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $11.00 price objective (up previously from $8.00) on shares of Advanced Micro Devices in a report on Tuesday, May 2nd. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Advanced Micro Devices presently has a consensus rating of “Hold” and an average price target of $14.18.
Advanced Micro Devices (NASDAQ:AMD) opened at 13.02 on Wednesday. The stock’s 50 day moving average price is $13.40 and its 200 day moving average price is $12.92. The stock’s market capitalization is $12.33 billion. Advanced Micro Devices has a 1-year low of $5.66 and a 1-year high of $15.65.
Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.04. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.16 billion. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. Advanced Micro Devices’s revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.05) EPS. On average, equities research analysts predict that Advanced Micro Devices will post $0.10 earnings per share for the current fiscal year.
In other Advanced Micro Devices news, SVP James Robert Anderson sold 20,000 shares of Advanced Micro Devices stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $10.86, for a total transaction of $217,200.00. Following the completion of the sale, the senior vice president now directly owns 300,334 shares of the company’s stock, valued at approximately $3,261,627.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Darla M. Smith sold 9,620 shares of Advanced Micro Devices stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $10.98, for a total value of $105,627.60. Following the sale, the insider now directly owns 19,808 shares of the company’s stock, valued at $217,491.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,751,522 shares of company stock valued at $21,024,000,022,569,700. 1.60% of the stock is currently owned by corporate insiders.
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Advanced Micro Devices Company Profile
Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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