Is Advanced Micro (NYSE:AMD) Now a ‘Buy’? Why did Susquehanna Upgrade The Stock?

May 17, 2018 - By Maria Brooks

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

Investors sentiment decreased to 1.09 in 2017 Q4. Its down 0.42, from 1.51 in 2017Q3. It is negative, 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.

Alps Advisors has invested 0% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Macquarie Gru invested in 0% or 19,000 shares. Us National Bank De holds 0% or 11,442 shares. Comml Bank Of Montreal Can holds 6.82 million shares. Cibc Corporation owns 0.01% invested in Advanced Micro Devices, Inc. (NASDAQ:AMD) for 176,140 shares. Wells Fargo And Mn reported 1.97M shares stake. Sg Americas Secs Ltd Com holds 122,096 shares or 0.01% of its portfolio. Great West Life Assurance Com Can holds 0.01% in Advanced Micro Devices, Inc. (NASDAQ:AMD) or 576,461 shares. Van Eck Assocs holds 2.27M shares or 0.12% of its portfolio. First Trust Advsrs L P invested in 756,205 shares or 0.02% of the stock. First Personal Financial holds 9,195 shares. 108,580 were reported by Stifel. Parallax Volatility Advisers L P has invested 0% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Citigroup reported 402,292 shares or 0% of all its holdings. Smithfield Trust Co, Pennsylvania-based fund reported 315 shares.

Since December 11, 2017, it had 0 buys, and 18 insider sales for $21.58 million activity. Su Lisa T sold 125,000 shares worth $1.26M. ANDERSON JAMES ROBERT sold 75,000 shares worth $752,250. Norrod Forrest Eugene also sold $723,500 worth of Advanced Micro Devices, Inc. (NASDAQ:AMD) on Monday, February 12. WOLIN HARRY A sold $906,556 worth of Advanced Micro Devices, Inc. (NASDAQ:AMD) on Monday, January 15. $1.16M worth of Advanced Micro Devices, Inc. (NASDAQ:AMD) was sold by Papermaster Mark D.

Advanced Micro (NYSE:AMD) Stock Upgrade

In an analyst note issued to clients and investors on Wednesday, 16 May, Susquehanna increased shares of Advanced Micro (NYSE:AMD) to a “Neutral”. The previous rating for AMD was a “Negative”.

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. (NYSE:AMD) has declined 27.01% since May 17, 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: Investorplace.com which released: “5 Top Stock Trades for Thursday Morning” on May 16, 2018, also Schaeffersresearch.com with their article: “Upgraded AMD Stock Jumps After Soros Boosts Stake” published on May 16, 2018, Streetinsider.com published: “UPDATE: Susquehanna Upgrades AMD (AMD) to Neutral; A Lot as Changed in Two Months” on May 16, 2018. More interesting news about Advanced Micro Devices, Inc. (NASDAQ:AMD) were released by: 247Wallst.com and their article: “Top Analyst Upgrades and Downgrades: 3M, AMD, CenturyLink, Chipotle, F5 Networks, Raymond James, Symantec …” published on May 16, 2018 as well as Nasdaq.com‘s news article titled: “AMD Reports First Quarter 2018 Financial Results” with publication date: April 25, 2018.

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

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