News articles about Advanced Micro Devices (NASDAQ:AMD) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Advanced Micro Devices earned a news impact score of 0.14 on Accern’s scale. Accern also gave news stories about the semiconductor manufacturer an impact score of 45.2320143441026 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Nvidia Is Outcompeting AMD in 2 Really Big Ways – Investorplace.com (investorplace.com)
- Don’t Buy AMD Stock Just Yet, But Do Read This (amigobulls.com)
- Advanced Micro Devices, Inc. (AMD) CEO Lisa T. Su Sells 325,000 Shares (americanbankingnews.com)
- AMD Makes Bullish Cross Above Critical Moving Average (nasdaq.com)
- $1.51 Billion in Sales Expected for Advanced Micro Devices, Inc. (AMD) This Quarter (americanbankingnews.com)
Shares of Advanced Micro Devices (NASDAQ AMD) traded up 2.12% during mid-day trading on Friday, hitting $12.52. 50,337,411 shares of the company were exchanged. The company has a 50 day moving average of $12.72 and a 200 day moving average of $12.81. Advanced Micro Devices has a 52 week low of $6.08 and a 52 week high of $15.65. The company’s market capitalization is $11.85 billion.
Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the firm posted ($0.05) EPS. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. Equities analysts anticipate that Advanced Micro Devices will post $0.10 earnings per share for the current year.
AMD has been the topic of a number of recent research reports. Deutsche Bank AG reiterated a “hold” rating and set a $10.00 price target on shares of Advanced Micro Devices in a report on Friday, May 19th. Canaccord Genuity restated a “buy” rating and issued a $17.00 target price on shares of Advanced Micro Devices in a report on Friday, May 19th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Advanced Micro Devices in a report on Friday, May 19th. Credit Suisse Group restated a “neutral” rating on shares of Advanced Micro Devices in a report on Sunday, May 21st. Finally, Citigroup Inc. restated a “sell” rating on shares of Advanced Micro Devices in a report on Monday, May 22nd. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.98.
In related news, SVP James Robert Anderson sold 160,122 shares of the firm’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $12.48, for a total transaction of $1,998,322.56. Following the completion of the sale, the senior vice president now directly owns 622,485 shares of the company’s stock, valued at approximately $7,768,612.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 325,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $12.46, for a total value of $4,049,500.00. Following the sale, the chief executive officer now directly owns 2,037,139 shares of the company’s stock, valued at $25,382,751.94. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,234,915 shares of company stock worth $21,024,000,028,653,200. Insiders own 1.60% of the company’s stock.
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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