AMD's stock takes 'Epyc' leap on heavy volume, again

AMD stock price, at $12.64 is flirting with the 100-day simple moving average (SMA) on the daily chart, which now lies at 12.67, 3 cents above the last traded price. The lowest 12-month price target for the shares is $4.00, which would be decrease of about -68% of its current value. (AMD)-5 analysts issued Buy for the stock, 5 analysts gave Outperform rating, 16 think it's a Hold, 2 issued Underperform, while 2 analyst gave a Sell rating. It shows the cash a company is able to generate after spending the money need to maintain or grow its asset base.

Among analysts who offered their Analysis on Advanced Micro Devices, Inc.

Pacific Crest Securities analyst Michael McConnell kept his overweight rating on Analog Devices (ADI), but lowered his price target on the stock to 94 from 103.

Moving toward the technical facts, its current distance from 20-Day Simple Moving Average is 18.73% and standing 16.35% away from 50-Day Simple Moving Average while traded up 30.87% from 200-Day Simple Moving Average. Finally, Norges Bank bought a new position in Advanced Micro Devices during the fourth quarter worth $50,722,000. (NASDAQ:AMD) gained 5.95% to settle at $12.64 during its last trading session on Monday.

The company is expected to report earnings of $0 a share for the next quarter. Trend analysis is based on historical data about the stock's performance given the overall trends of the market and particular indicators within the market. Most importantly, AMD's pricing for EPYC implies significantly better price per performance compared to INTC single/dual socket (1S/2S) products - serving as further validation that AMD is a serious competitor in high-performance servers ($16bn TAM by 2020) after being essentially non-existent for the last several years ( 1% share today).

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. For now, Advanced Micro Devices, the toast of Wall Street as its ABR stands at 2.70 with 5 out of 30 analysts rating the stock a buy. The company had revenue of $984 million during the quarter, compared to analyst estimates of $984.40 million. During the same quarter in the previous year, the company earned ($0.12) earnings per share. This presents short term, intermediate and long term technical levels of Advanced Micro Devices, Inc. Zweig DiMenna Associates LLC purchased a new stake in Advanced Micro Devices during the third quarter valued at about $7,532,000. If you are accessing this news story on another website, it was illegally copied and reposted in violation of U.S. and worldwide trademark & copyright laws. Also, SVP James Robert Anderson sold 20,000 shares of Advanced Micro Devices stock in a transaction dated Friday, March 24th. Also, CEO Lisa T. Su sold 87,500 shares of the firm's stock in a transaction that occurred on Tuesday, May 9th. These up or down trends are telling the direction of stock price on basis of moving averages. Following the completion of the transaction, the senior vice president now owns 340,334 shares in the company, valued at approximately $4,781,692.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The disclosure for this sale can be found here. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $12.66 on company shares. Renaissance Technologies LLC boosted its position in Advanced Micro Devices by 253.2% in the fourth quarter. Coldstream Capital Management Inc. increased its stake in Advanced Micro Devices by 2.8% in the fourth quarter.

  • Arturo Norris