Press coverage about Advanced Micro Devices (NASDAQ:AMD) has trended somewhat positive on Tuesday, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded 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 sentiment score of 0.07 on Accern’s scale. Accern also gave news coverage about the semiconductor manufacturer an impact score of 46.5232216271199 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Advanced Micro Devices, Inc. (AMD) CFO Sells $1472048.28 in Stock (wisdomsave.com)
- With Advanced Micro Devices, Inc. (AMD) Stock, It’s Watch Out Below (investorplace.com)
- Advanced Micro Devices Inc (NASDAQ:AMD) Institutional Investor Positioning (newstrendstoday.com)
- AMD: Let’s Do The Math – Seeking Alpha (seekingalpha.com)
- AMD Narrowing The Gap With Nvidia: Time To Buy – Seeking Alpha (seekingalpha.com)
A number of analysts have recently commented on AMD shares. Craig Hallum boosted their target price on shares of Advanced Micro Devices from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, June 22nd. Canaccord Genuity boosted their target price on shares of Advanced Micro Devices from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, June 21st. Wells Fargo & Company reissued an “outperform” rating and set a $15.00 target price on shares of Advanced Micro Devices in a research note on Friday, June 30th. Vetr raised shares of Advanced Micro Devices from a “buy” rating to a “strong-buy” rating and set a $15.99 target price for the company in a research note on Monday, June 26th. Finally, Credit Suisse Group reissued a “neutral” rating on shares of Advanced Micro Devices in a research note on Sunday, May 21st. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Advanced Micro Devices has an average rating of “Hold” and an average price target of $13.98.
Advanced Micro Devices (AMD) opened at 12.55 on Tuesday. The stock has a 50 day moving average of $12.96 and a 200 day moving average of $12.86. Advanced Micro Devices has a one year low of $5.66 and a one year high of $15.65. The firm’s market capitalization is $11.88 billion.
Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the firm earned ($0.05) earnings per share. Advanced Micro Devices’s revenue was up 19.0% compared to the same quarter last year. Analysts forecast that Advanced Micro Devices will post $0.10 earnings per share for the current year.
In related news, CFO Devinder Kumar sold 121,356 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $12.13, for a total value of $1,472,048.28. Following the completion of the sale, the chief financial officer now directly owns 718,896 shares in the company, valued at $8,720,208.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP James Robert Anderson sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $12.10, for a total transaction of $242,000.00. Following the completion of the sale, the senior vice president now owns 533,773 shares of the company’s stock, valued at $6,458,653.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,847,415 shares of company stock valued at $21,024,000,023,836,800. 1.60% of the stock is owned by insiders.
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About Advanced Micro Devices
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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