Headlines about Advanced Micro Devices (NASDAQ:AMD) have been trending somewhat positive on Friday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Advanced Micro Devices earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media stories about the semiconductor manufacturer an impact score of 47.1947210546205 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern’s rankings:
- Advanced Micro Devices, Inc. (AMD) Stock Is Maxed Out, So Get Out (investorplace.com)
- The Advanced Micro Devices, Inc. (AMD) Shares Bought by HighTower Advisors LLC (overnewsmagazine.com)
- Numbers Don’t Lie: AMD Outselling Intel Processors, According To Amazon - Benzinga (benzinga.com)
- AMD: The Good, The Bad, The Vega - Seeking Alpha (seekingalpha.com)
- Why Advanced Micro Devices, Inc. (AMD) Stock Doesn’t Need the Switch - Investorplace.com (investorplace.com)
Advanced Micro Devices (NASDAQ:AMD) traded down 0.91% on Friday, reaching $13.12. 56,499,342 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $13.36 and a 200-day moving average price of $12.73. The company’s market capitalization is $12.40 billion. Advanced Micro Devices has a 1-year low of $5.66 and a 1-year high of $15.65.
Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.04. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. The firm’s revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.05) EPS. On average, equities research analysts anticipate that Advanced Micro Devices will post $0.10 earnings per share for the current year.
AMD has been the topic of several research analyst reports. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Advanced Micro Devices in a research report on Thursday, April 6th. They set a “sell” rating and a $11.00 target price on the stock. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Advanced Micro Devices in a research report on Thursday, April 6th. Canaccord Genuity reissued a “buy” rating and set a $17.00 target price on shares of Advanced Micro Devices in a research report on Thursday, April 6th. Sanford C. Bernstein reissued a “sell” rating on shares of Advanced Micro Devices in a research report on Tuesday, April 25th. Finally, Zacks Investment Research downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $14.18.
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In related news, CEO Lisa T. Su sold 87,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $10.24, for a total transaction of $896,000.00. Following the transaction, the chief executive officer now directly owns 1,429,540 shares of the company’s stock, valued at approximately $14,638,489.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Devinder Kumar sold 100,634 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $10.85, for a total value of $1,091,878.90. Following the transaction, the chief financial officer now directly owns 704,311 shares in the company, valued at $7,641,774.35. The disclosure for this sale can be found here. Insiders sold a total of 589,751 shares of company stock valued at $7,258,060 in the last 90 days. 1.60% of the stock is owned by company insiders.
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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