Advanced Micro Devices (NASDAQ:AMD) Now a Buy? Susquehanna Has Upgraded The Stock

May 16, 2018 - By Henry Gaston

Advanced Micro Devices, Inc. (NASDAQ:AMD) Logo

Investors sentiment decreased to 1.09 in Q4 2017. Its down 0.42, from 1.51 in 2017Q3. It worsened, as 79 investors sold Advanced Micro Devices, Inc. shares while 108 reduced holdings. 69 funds opened positions while 135 raised stakes. 577.22 million shares or 3.15% more from 559.57 million shares in 2017Q3 were reported.

First Advsrs Ltd Partnership has invested 0.02% of its portfolio in Advanced Micro Devices, Inc. (NASDAQ:AMD). Van Eck Associate reported 0.12% stake. State Of New Jersey Common Pension Fund D invested in 0.12% or 3.20M shares. Morgan Stanley accumulated 15.01M shares. Ing Groep Nv owns 15,796 shares. State Of Tennessee Treasury Department stated it has 0.01% of its portfolio in Advanced Micro Devices, Inc. (NASDAQ:AMD). Raymond James Financial Advsrs invested in 0.01% or 129,868 shares. 1.23M were accumulated by Asset Mngmt One Limited. Schwab Charles Investment Management stated it has 0.03% of its portfolio in Advanced Micro Devices, Inc. (NASDAQ:AMD). Geode Capital Mngmt Limited Co holds 9.49 million shares. Maryland-based Proshare Advsr Limited Liability Com has invested 0.01% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Hl Services Ltd Liability holds 39,850 shares or 0.01% of its portfolio. 335,500 were accumulated by Quinn Opportunity Ptnrs. Panagora Asset Mngmt Inc holds 92,036 shares or 0% of its portfolio. Macquarie Group Ltd stated it has 19,000 shares or 0% of all its holdings.

Since December 11, 2017, it had 0 buys, and 18 selling transactions for $21.58 million activity. 75,046 shares were sold by WOLIN HARRY A, worth $906,556 on Monday, January 15. Another trade for 125,000 shares valued at $1.26 million was sold by Su Lisa T. The insider ANDERSON JAMES ROBERT sold 75,000 shares worth $752,250. 67,976 shares valued at $912,918 were sold by KUMAR DEVINDER on Wednesday, January 31. The insider Norrod Forrest Eugene sold $688,750.

Advanced Micro Devices (NASDAQ:AMD) Stock Upgrade

Shares of Advanced Micro Devices (NASDAQ:AMD) were upped to a solid Hold rating by stock analysts working for Susquehanna. AMD’s previous rating has been discontinued by the firm.

Advanced Micro Devices, Inc. (NASDAQ:AMD) Ratings Coverage

Among 22 analysts covering Advanced Micro Devices (NASDAQ:AMD), 9 have Buy rating, 5 Sell and 8 Hold. Therefore 41% are positive. Advanced Micro Devices has $2700 highest and $7.0 lowest target. $13.87’s average target is 8.19% above currents $12.82 stock price. Advanced Micro Devices had 34 analyst reports since November 17, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, April 26 by Stifel Nicolaus. On Thursday, February 1 the stock rating was upgraded by Argus Research to “Buy”. The firm earned “Buy” rating on Tuesday, January 30 by Rosenblatt. The stock has “Sell” rating by Goldman Sachs on Wednesday, April 11. Robert W. Baird maintained it with “Buy” rating and $2000 target in Thursday, April 26 report. As per Thursday, April 19, the company rating was maintained by Barclays Capital. The rating was maintained by Morgan Stanley on Tuesday, January 23 with “Sell”. The stock has “Hold” rating by M Partners on Wednesday, April 18. Bernstein maintained the shares of AMD in report on Thursday, April 26 with “Hold” rating. The firm has “Buy” rating given on Monday, February 12 by Robert W. Baird.

The stock increased 2.97% or $0.37 during the last trading session, reaching $12.82. About 69.85 million shares traded or 22.62% up from the average. Advanced Micro Devices, Inc. (NASDAQ:AMD) has declined 27.01% since May 16, 2017 and is downtrending. It has underperformed by 38.56% the S&P500.

Analysts await Advanced Micro Devices, Inc. (NASDAQ:AMD) to report earnings on July, 24. They expect $0.10 earnings per share, up 1,100.00 % or $0.11 from last year’s $-0.01 per share. AMD’s profit will be $96.93M for 32.05 P/E if the $0.10 EPS becomes a reality. After $0.08 actual earnings per share reported by Advanced Micro Devices, Inc. for the previous quarter, Wall Street now forecasts 25.00 % EPS growth.

Advanced Micro Devices, Inc. operates as a semiconductor firm worldwide. The company has market cap of $12.43 billion. The Company’s primarily offers x86 microprocessors as an accelerated processing unit , 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. It has a 320.5 P/E ratio. The firm provides x86 microprocessors for desktop PCs under the AMD A-Series, AMD E-Series, AMD FX CPU, AMD Athlon CPU and APU, AMD Sempron APU and CPU, and AMD Pro A-Series APU brands; and microprocessors for notebook and 2-in-1s under the AMD A-Series, AMD E-Series, AMD C-Series, AMD Z-Series, AMD FX APU, AMD Phenom, AMD Athlon CPU and APU, AMD Turion, and AMD Sempron APU and CPU brand names.

More notable recent Advanced Micro Devices, Inc. (NASDAQ:AMD) news were published by: Seekingalpha.com which released: “AMD Rallies On Nothing But Hope” on May 16, 2018, also Seekingalpha.com with their article: “AMD Joining The Self-Driving Car Race?” published on May 14, 2018, Nasdaq.com published: “AMD Reports First Quarter 2018 Financial Results” on April 25, 2018. More interesting news about Advanced Micro Devices, Inc. (NASDAQ:AMD) were released by: Streetinsider.com and their article: “UPDATE: Susquehanna Upgrades AMD (AMD) to Neutral; A Lot as Changed in Two Months” published on May 16, 2018 as well as Investorplace.com‘s news article titled: “Wednesday’s Vital Data: Nvidia Corporation (NVDA), Micron Technology, Inc. (MU) and Tesla Inc. (TSLA)” with publication date: May 16, 2018.

Advanced Micro Devices, Inc. (NASDAQ:AMD) Institutional Positions Chart

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