The rating by the firm was issued on July 22, 2016. The brokerage presently has a $6.42 price target on the semiconductor manufacturer's stock. The stock is now trading at Distance from 20-Day Simple Moving Average of 7.45% while its Distance from 50-Day Simple Moving Average is 25.53 Percent.
Stone Ridge Asset Management Llc holds 0.81% of its portfolio in Advanced Micro Devices, Inc. for 46,969 shares.
Shares of Advanced Micro Devices Inc. rocketed 8.5% in active midday trade Friday to a 4 1/2-year high and have now quadrupled in the past six months. They now own 317.95 million shares or 3.46% less from 329.34 million shares in 2015Q4.
Advanced Micro Devices, Inc. closed its last trading session at $6.68 with the gain of 5.39%. Over the last three months and over the last six months, the shares of Advanced Micro Devices, Inc. The company has a market cap of $5.60B.
Advanced Micro Devices, Inc.is trading up 326.67% versus 12-month low of $1.65 and stands -1.67 lower from its 1-year peak of $7.16. The stock is now holding below its 50 day, moving the average of $20.04 and above its 200-day moving an average of $5.95.
At an event last night in San Francisco, AMD ( NASDAQ: AMD ) provided additional architectural details and a first look at the performance of its next-generation, high-performance "Zen" processor core. ABIOMED, Inc. (NASDAQ: ABMD) posted a surprise factor of 31.82% for the previous quarter where the analyst consensus EPS estimate turned out to be $0.07 away from the reported actual number of $0.29.
Analysts projected the maximum potential price target of $72 however minimum reachable price target is $40 expected by them, according to WSJ data.
These analysts also forecasted Growth Estimates for the Current Quarter for AMD to be 100%. The insider owns 1,024,534 shares which have a current market value of around $6895114.
Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D. Oppenheimer Holdings Inc. reiterated a "sell" rating on shares of Advanced Micro Devices in a report on Saturday, April 23rd. Also, the Hold rating count is 2. The consensus price target (PT) of $5.64 means that the market expects Company shares to decrease by -19.89% in the short run. 0 analysts have rated the company as a strong "Hold". (AMD) sold shares in the company in a transaction completed on Thursday, June 02, 2016. The total 1.44 million shares were bought and sold throughout the most recent trading session less than average volume of 3.31 million shares. Smith Darla M retains 5,608 shares in the company after this transaction.
According to Zacks Investment Research, "Advanced Micro Devices, Inc.is a world-class company with the innovation, execution, and vision to grow our leadership position in the industry". The Company offers x86 microprocessors, as standalone devices or as incorporated as an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors, dense servers, semi-custom System-on-Chip (SoC) products and technology for game consoles.