Somewhat Negative Media Coverage Somewhat Unlikely to Affect Advanced Micro Devices (AMD) Stock Price
News coverage about Advanced Micro Devices (NASDAQ:AMD) has trended somewhat negative this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Advanced Micro Devices earned a coverage optimism score of -0.04 on Accern’s scale. Accern also gave headlines about the semiconductor manufacturer an impact score of 44.7993054578957 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s analysis:
- Apple Inc. (NASDAQ:AAPL), Advanced Micro Devices, Inc. (NYSE … – Benzinga (benzinga.com)
- AMD Stock Price Slow To React To Catalysts? – Seeking Alpha (seekingalpha.com)
- Spotify Investor Day And The Coming Wave Of Gen Z Investors, Consumers (finance.yahoo.com)
- The Concerns Of An AMD Bull – Seeking Alpha (seekingalpha.com)
- AMD Continues To Be A Range-Bound Trading Opportunity – Seeking Alpha (seekingalpha.com)
A number of analysts recently commented on AMD shares. MKM Partners upped their price target on shares of Advanced Micro Devices from $13.00 to $14.50 and gave the company a “buy” rating in a research note on Monday, January 29th. BidaskClub upgraded shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Friday, January 5th. Vetr cut shares of Advanced Micro Devices from a “strong-buy” rating to a “buy” rating and set a $13.61 price target on the stock. in a research note on Wednesday, February 14th. Goldman Sachs dropped their price target on shares of Advanced Micro Devices from $11.40 to $10.40 and set a “sell” rating on the stock in a research note on Wednesday, November 29th. Finally, Zacks Investment Research cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Six investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $14.62.
Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.04. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.40 billion. Advanced Micro Devices had a net margin of 0.81% and a return on equity of 16.76%. The business’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.01) EPS. research analysts forecast that Advanced Micro Devices will post 0.3 earnings per share for the current fiscal year.
In related news, SVP Mark D. Papermaster sold 150,000 shares of the stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $11.38, for a total transaction of $1,707,000.00. Following the transaction, the senior vice president now owns 1,207,949 shares of the company’s stock, valued at approximately $13,746,459.62. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Devinder Kumar sold 36,293 shares of the stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $10.62, for a total transaction of $385,431.66. Following the transaction, the chief financial officer now directly owns 477,013 shares in the company, valued at approximately $5,065,878.06. The disclosure for this sale can be found here. Insiders sold a total of 1,418,240 shares of company stock worth $16,750,368 in the last three months. Insiders own 1.60% of the company’s stock.
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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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