Advanced Micro Devices (AMD) – Investment Analysts’ Weekly Ratings Changes
A number of firms have modified their ratings and price targets on shares of Advanced Micro Devices (NYSE: AMD) recently:
- Advanced Micro Devices had its price target lowered by analysts at JMP Securities from $4.00 to $2.00. They now have an “underperform” rating on the stock.
- Advanced Micro Devices had its “underweight” rating reaffirmed by analysts at Evercore Partners. They now have a $3.00 price target on the stock.
- Advanced Micro Devices had its price target lowered by analysts at FBR Capital to $6.00.
- Advanced Micro Devices had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $3.50 price target on the stock. Zacks‘ analyst wrote, “AMD is the second largest producer of microprocessors, GPUs and chipsets in the world. Its second quarter earnings missed estimates, impacted by slowdown in China and Europe and a resultant inventory imbalance. The company’s new products, strength in graphics, advancements in 32nm manufacturing and position in China remain long-term positives. However, Intel remains a strong competitor with superior strategy, technological prowess and the clout that may be expected of the market leader. While AMD has had some success, wresting significant market share from Intel will be difficult, particularly at high-end categories. Competition from ARM is also expected to increase over the next few years. We are, therefore, reiterating our Neutral rating on AMD shares. “
- Advanced Micro Devices had its “outperform” rating reaffirmed by analysts at Wells Fargo & Co..
- Advanced Micro Devices had its “neutral” rating reaffirmed by analysts at Longbow Research.
Shares of Advanced Micro Devices traded down 4.59% during mid-day trading on Wednesday, hitting $3.12. Advanced Micro Devices has a one year low of $3.10 and a one year high of $8.35. The company’s market cap is $2.208 billion.
Advanced Micro Devices, Inc. (AMD) is a global semiconductor company with facilities globally. Within the global semiconductor industry, it offers x86 microprocessors, as standalone devices or as incorporated as an accelerated processing unit, for the commercial and consumer markets, embedded microprocessors for commercial, commercial client and consumer markets and chipsets for desktop and mobile devices, including mobile personal computers (PCs), and tablets, professional workstations and servers, and graphics, video and multimedia products for desktop and mobile devices, including mobile PCs and tablets, home media PCs and professional workstations, servers and technology for game consoles.