Shares of Advanced Micro (AMD) Rally on New Intel Licensing Deal

Tammy Harvey
May 18, 2017

Seymore did acknowledge that AMD has seen progress over the past few years through its wide array of new product launches, most recently Ryzen and Vega. In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report.

Advanced Micro Devices, Inc. has a consensus hold rating from 29 Wall Street analysts, and the number of shares now sold short amount to at least 12.88% of shares outstanding. Oppenheimer Holdings Inc. reiterated a market perform rating on shares of Advanced Micro Devices in a research report on Thursday, April 6th. Intel agreed to pay NVIDIA $1.5 billion over the course of the deal, providing the graphics chip company with a significant boost to its bottom line.

Susquehanna Financial Group analyst Mehdi Hosseini maintained his neutral rating on Applied on Tuesday, but upped his price target to 40 from 35. Finally, US Bancorp DE raised its position in Advanced Micro Devices by 10.0% in the first quarter. (NASDAQ:AMD) has "Underperform" rating given on Tuesday, May 2 by Macquarie Research. Advanced Micro Devices presently has an average rating of Hold and a consensus price target of $12.28. (NASDAQ:AMD) shares ticked up 11.65% to $12.75 on Tuesday. Rnc Capital Management Llc sold 27,697 shares as Centurylink Inc (CTL)'s stock 0.00%.

Wednesday's session ended up being the market's worst performance for stocks since September. The 20-day may be of analytical benefit to a shorter-term trader since it follows the price more closely, and therefore produces less "lag" than the longer-term moving average. The high and low revenue estimates for the current quarter are $1.2 Billion and $1.15 Billion, respectively. The SI to Advanced Micro Devices Incorporated's float is 14.06%.


Intel stock finished the trading day up 0.5% to 35.82. This is an increase of 372% compared to the typical volume of 14,341 call options. (NASDAQ:AMD) will report ($0.03) earnings per share (EPS) for the current quarter, according to Zacks.

These analysts also forecasted Growth Estimates for the Current Quarter for AMD to be 100%. The company's revenue was up 18.3% on a year-over-year basis. Thefirms have 29.40% and -140.10% earnings per share growth for this year. Annual EPS Growth of past 5 years is -23.70%. (NASDAQ:AMD) on Friday, July 22 with "Neutral" rating.

COPYRIGHT VIOLATION WARNING: This news story was originally published by BBNS and is the sole property of of BBNS. Stifel Nicolaus reaffirmed a "hold" rating and issued a $11.00 price objective (up previously from $8.00) on shares of Advanced Micro Devices in a report on Tuesday, May 2nd. The insider KUMAR DEVINDER sold 109,875 shares worth $1.48 million. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The insider Claflin Bruce L. sold 20,000 shares worth $271,600. The shares were sold at an average price of $10.24, for a total value of $896,000.00. Driehaus Capital Management Ltd Limited Liability Company holds 378,334 shares. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,273,205 shares of company stock valued at $616,710,272. (AMD) has made its way to a 12-month gain of 236.41%. Fiserv Inc (NASDAQ:FISV) has risen 6.00% since April 17, 2017 and is uptrending. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,595 shares of the semiconductor manufacturer's stock valued at $177,000 after buying an additional 2,598 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Advanced Micro Devices by 5.9% in the third quarter. California State Teachers Retirement System now owns 1,593,513 shares of the semiconductor manufacturer's stock worth $11,011,000 after buying an additional 216,400 shares in the last quarter. Schwab Charles Invest Management has 0.05% invested in Advanced Micro Devices, Inc.

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