Advanced Micro Devices Rating Reiterated by Wells Fargo (AMD)
Advanced Micro Devices (NYSE: AMD)‘s stock had its “outperform” rating reiterated by investment analysts at Wells Fargo in a note issued to investors on Tuesday.
Advanced Micro Devices traded up 0.77% on Tuesday, hitting $2.61. Advanced Micro Devices has a 52-week low of $1.81 and a 52-week high of $8.35. The stock’s 50-day moving average is currently $2.61. The company’s market cap is $1.864 billion.
Advanced Micro Devices last announced its earnings results on Tuesday, January 22nd. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.05. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the company posted $0.04 earnings per share. Advanced Micro Devices’s revenue was down 31.7% compared to the same quarter last year. Analysts expect that Advanced Micro Devices will post $-0.31 EPS for the current fiscal year.
A number of other firms have also recently commented on AMD. Analysts at Credit Agricole reiterated an “underperform” rating on shares of Advanced Micro Devices in a research note to investors on Thursday, February 21st. They now have a $2.75 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Advanced Micro Devices in a research note to investors on Wednesday, January 23rd. They now have a $2.50 price target on the stock. Finally, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Advanced Micro Devices in a research note to investors on Wednesday, January 23rd. They now have a $2.00 price target on the stock.
Three equities research analysts have rated the stock with a buy rating, one has issued an overweight rating, twenty-three have assigned a hold rating, two have given an underweight rating, and two have given a sell rating to the company. Advanced Micro Devices presently has a consensus rating of “hold” and an average target price of $2.84.
Advanced Micro Devices, Inc. (AMD) is a global semiconductor company with facilities globally. Within the global semiconductor industry, it offers x86 microprocessors, as standalone devices or as incorporated as an accelerated processing unit, for the commercial and consumer markets, embedded microprocessors for commercial, commercial client and consumer markets and chipsets for desktop and mobile devices, including mobile personal computers (PCs), and tablets, professional workstations and servers, and graphics, video and multimedia products for desktop and mobile devices, including mobile PCs and tablets, home media PCs and professional workstations, servers and technology for game consoles.
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