This appreciation has taken its price 15.28% above the 52-week low. The firm earned $1.10 billion during the quarter, compared to analyst estimates of $1.07 billion. Eighteen investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. AMD has an average price target of $11.5, which it crossed in early February 2017. Analysts have placed a $11.79 price target on Advanced Micro Devices, Inc., suggesting a -9.52% decline from recent close. The stock hit 1-yearhigh at $15.55 and a low of $2.15 in the same period. In the last five years, the company's full-year sales growth remained over -8.20% a year on average and the company's earnings per share moved down by an average rate of -23.70%. The company's quarterly revenue was up 15.4% compared to the same quarter past year. Canaccord Genuity restated a buy rating and set a $14.00 target price on shares of Advanced Micro Devices in a research report on Friday, January 27th.
(NASDAQ:AMD) tinted loss of -6.26% (-0.87 points) to US$13.03. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -4.68% where SMA50 and SMA200 are 8.21% and 64.87% respectively. The company's market cap is $12.28 billion.
In related news, SVP Forrest Eugene Norrod sold 100,000 shares of the business's stock in a transaction dated Monday, December 19th. The shares were sold at an average price of $10.66, for a total transaction of $1,066,000.00. Following the completion of the sale, the senior vice president now owns 725,961 shares of the company's stock, valued at approximately $7,738,744.26.
However, the company's financial outlook for this year could create pressure on its share price performance. The disclosure for this sale can be found here.
Institutional investors have recently modified their holdings of the stock.
The counter witnessed a trading volume of 37.87 million shares versus an average volume of 25.96 million shares during last trading session.
With its plan to hold the remaining 97 million shares it owns in AMD, the Emirati company is still the largest single shareholder in the company followed by the US-based asset management company BlackRock, which now owns an 8.69 per cent stake, it added. Monashee Investment Management LLC bought a new position in shares of Advanced Micro Devices during the third quarter valued at about $9,536,000.
Shares in Cisco Systems, Inc. From a SEC filing, it was learned the firm, a long-term holder of the company, unloaded about $615 million of AMD stock. On a daily basis over the past month, the average true range of the stock, as expressed in percentage terms, is 5.2%. BlackRock Japan Co. Ltd boosted its position in shares of Advanced Micro Devices by 639.3% in the third quarter. Norges Bank acquired a new stake in Advanced Micro Devices during the fourth quarter valued at about $50,722,000. BlackRock Japan Co. Ltd now owns 16,168 shares of the semiconductor manufacturer's stock worth $112,000 after buying an additional 13,981 shares during the period. United Capital Financial Advisers LLC now owns 33,317 shares of the semiconductor manufacturer's stock valued at $378,000 after buying an additional 4,312 shares in the last quarter.
Advanced Micro Devices, Inc.is now showing 150% EPS growth this year. The Enterprise, Embedded and Semi-Custom segment primarily includes server and embedded processors, semi-custom SoC products, development services, technology for game consoles and licensing portions of its intellectual property portfolio.