Advanced Micro Devices, Inc. (AMD) Stock Wins Big on Epyc Launch

Accern also gave news articles about the semiconductor manufacturer an impact score of 78 out of 100, indicating that recent news coverage is likely to have an effect on the stock's share price in the immediate future. Following the completion of the transaction, the senior vice president now owns 340,334 shares in the company, valued at $4,781,692.70. Gilder Gagnon Howe & Co. Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Monday, May 1st. The company has total market capitalization of $27.97B and a total of 1.65B outstanding shares. More interesting news about Advanced Micro Devices, Inc.

By historical standards, Advanced Micro Devices, Inc. remains a cheap stock. Stock's weekly performance expressed up trend of 2.24%. Hood River Capital Management LLC raised its position in shares of Advanced Micro Devices by 207.1% in the third quarter. (AMD) opened at 13.98 on Thursday. Advanced Micro Devices has a 52 week low of $4.65 and a 52 week high of $15.55.

Shares of Advanced Micro Devices, Inc. were up by over 10% in the last trading session. Nuveen Asset Mngmt Limited Liability invested in 325,035 shares or 0.02% of the stock. This is an increase of 307% compared to the typical volume of 16,952 call options. The semiconductor manufacturer reported ($0.04) earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of ($0.04). Currently, CA, profit margin for the 12 months is at 19.2%. The business had revenue of $984 million for the quarter, compared to analysts' expectations of $984.40 million. They expect $-0.04 earnings per share, up 42.86% or $0.03 from last year's $-0.07 per share. The stock plunged -8.54 percent over the past quarter, while surged 18.57 percent over the past six months.

Let's take an assessment at how Advanced Micro Devices, Inc.

COPYRIGHT VIOLATION NOTICE: This story was first posted by Stock Observer and is owned by of Stock Observer. If you are accessing this article on another website, it was copied illegally and reposted in violation of United States and global copyright and trademark law. The Mutual Of America Capital Management Llc holds 727,270 shares with $8.25M value, up from 559,345 last quarter.

AMD has been the subject of a number of other reports. Canaccord Genuity restated a "buy" rating and set a $17.00 price objective on shares of Advanced Micro Devices in a report on Thursday, April 6th. MKM Partners reaffirmed a "neutral" rating and issued a $13.00 target price on shares of Advanced Micro Devices in a report on Thursday, February 23rd. (AMD) shares have been seen trading -10.10% off its 52 week- peak value and changed 200.65% from its 52 week-bottom price value. The shares price has directed 147.84% toward a higher level throughout a year ago and swapped 10.78% toward a strong spot during past one month. Also, SVP James Robert Anderson sold 20,000 shares of Advanced Micro Devices stock in a transaction on Friday, March 24th. Keep in mind that Investors should not rely only on an analyst's recommendation when taking a decision whether to buy, hold, or sell a stock. Stifel Nicolaus maintained it with "Hold" rating and $11 target in Tuesday, May 2 report. (AMD) earnings have declined with an annualized rate of -23.7% over the last 5 years. (NasdaqCM:AMD) presently has a 10 month price index of 1.69617. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Often times, options traders look for options with high levels of implied volatility to sell premium. The stock was sold at an average price of $13.33, for a total transaction of $266,600.00. Institutional owners hold 68.80% stake in the company, while insiders ownership held at 0.60%. The disclosure for this sale can be found here.

The company's release of details about new processing chip Epyc appears to have substantially excited investors.

Analysts await Advanced Micro Devices, Inc. The Firm is engaged in offering x86 microprocessors, as standalone devices or as incorporated into 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.

  • Arturo Norris