Advanced Micro Devices (AMD) Earning Somewhat Positive Media Coverage, Study Shows
Media headlines about Advanced Micro Devices (NASDAQ:AMD) have trended somewhat positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Advanced Micro Devices earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the semiconductor manufacturer an impact score of 46.5785252566744 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Intel, AMD Could Boost PC Market with New Parts, Says Wells Fargo – Barron’s (barrons.com)
- Advanced Micro Devices (AMD) Plunges to 1-Month Low As Tech Stocks Dip – Nasdaq (nasdaq.com)
- AMD Unveils PC Graphics Cards to Compete Against NVIDIA – Yahoo Finance (finance.yahoo.com)
- Nwam LLC Boosts Stake in Advanced Micro Devices, Inc. (AMD) (techkenyot.com)
- Advanced Micro Devices, Inc. – AMD – Stock Price Today (newstrendstoday.com)
Advanced Micro Devices (NASDAQ AMD) traded down 2.59% during trading on Monday, hitting $12.05. 58,888,505 shares of the stock were exchanged. Advanced Micro Devices has a one year low of $5.66 and a one year high of $15.65. The company’s market cap is $11.41 billion. The stock’s 50 day moving average is $13.33 and its 200-day moving average is $12.95.
Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.04. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.16 billion. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. During the same period in the previous year, the company earned ($0.05) EPS. The firm’s revenue was up 19.0% on a year-over-year basis. On average, equities research analysts expect that Advanced Micro Devices will post $0.09 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on AMD. Bank of America Corporation restated a “buy” rating and set a $18.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, August 16th. Canaccord Genuity restated a “buy” rating and set a $20.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, August 15th. Wells Fargo & Company restated an “outperform” rating on shares of Advanced Micro Devices in a research report on Thursday, August 10th. Barclays PLC restated an “underweight” rating and set a $9.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, August 10th. Finally, BidaskClub downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $14.18.
In related news, Director Mubadala Investment Co Pjsc sold 40,000,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $525,600,000.00, for a total value of $21,024,000,000,000,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Darla M. Smith sold 11,810 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $12.17, for a total value of $143,727.70. Following the completion of the transaction, the chief accounting officer now directly owns 31,291 shares in the company, valued at $380,811.47. The disclosure for this sale can be found here. Insiders sold a total of 41,798,513 shares of company stock worth $21,024,000,023,167,700 over the last three months. 1.60% of the stock is owned by company insiders.
About Advanced Micro Devices
Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), 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.
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