Does Advanced Micro Devices, Inc. (AMD)'s current closing price competes the market?

Advanced Micro Devices, Inc. Q2 F17 Earnings Beat Estimates

(The) in a report released on Wednesday. The rating was upgraded by Zacks to "Sell" on Wednesday, August 5. (NASDAQ:AMD) price is pointing towards neither exit nor entry barriers, according to a technical analysis tool called the Relative Strength Index (RSI).

In recent quarters, AMD has benefited from trends that include augmented reality and virtual reality, cryptocurrency mining, and growing demand for high-powered CPUs and GPUs for other applications. BMO Capital Markets downgraded shares of Advanced Micro Devices from an "outperform" rating to a "market perform" rating and set a $15.00 price objective on the stock.in a report on Wednesday.

Among 27 analysts covering Advanced Micro (NASDAQ:AMD), 10 have Buy rating, 4 Sell and 13 Hold. The shares were sold at an average price of $12.48, for a total transaction of $1,998,322.56. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Also, the current price highlights a discount of 35.5% to analysts' high consensus price target.

In a statement, AMD said that its revenue came in strong due to strong sales in the computing and graphics segment. The stock is moving on high volume, traded at a volume of 115.21M shares, as compared to its average daily volume of 87.01M shares. The current share price indicates that stock is -5.08% away from its one year high and is moving 160.78% ahead of its 52-week low. Advanced Micro Devices also was the target of unusually large options trading activity on Tuesday. This represents an increase of approximately 209% compared to the average volume of 41,215 put options.

Valuation Ratios of Advanced Micro Devices, Inc.

AMD today announced revenue for the second quarter of 2017 of $1.22 billion, operating income of $25 million, and net loss of $16 million, or $(0.02) per share. During the same quarter in the previous year, the business posted ($0.05) EPS. Advanced Micro Devices's revenue for the quarter was up 19.0% on a year-over-year basis. On average, equities analysts predict that Advanced Micro Devices will post $0.07 EPS for the current fiscal year. Institutional investors and hedge funds own 56.93% of the company's stock. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and worldwide copyright law.

In related news, SVP James Robert Anderson sold 20,000 shares of the stock in a transaction that occurred on Tuesday, May 23rd.

"While we laud AMD for near-flawless execution on its product road map, and expect the company to take share in all the new markets it is targeting, we just do not see meaningful ensuing earnings", Srivastava wrote. Following the sale, the chief executive officer now directly owns 1,429,540 shares of the company's stock, valued at approximately $14,638,489.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

The counter witnessed a trading volume of 235.39 million shares versus an average volume of 83.35 million shares during last trading session. The market capitalization of the company in the stock market is $6.81B. The disclosure for this sale can be found here. Insiders have sold a total of 618,478 shares of company stock worth $7,151,477 in the last ninety days. The Beta factor for the stock is listed at 1.49.

When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Advanced Micro Devices during the first quarter worth $148,000. UBS Asset Management Americas Inc. now owns 1,995,898 shares of the semiconductor manufacturer's stock worth $29,040,000 after buying an additional 1,590,293 shares during the last quarter.

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