Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Advanced Micro Devices (AMD) Share Price
Headlines about Advanced Micro Devices (NASDAQ:AMD) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Advanced Micro Devices earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the semiconductor manufacturer an impact score of 44.1629037132176 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Insider Selling: Advanced Micro Devices, Inc. (AMD) SVP Sells 75,000 Shares of Stock (americanbankingnews.com)
- Technical Facts for Investment in Advanced Micro Devices, Inc. (AMD) – Wall Street Morning (wallstreetmorning.com)
- Advanced Micro Devices, Inc. (AMD) Dolls Up on Performance and Volatility Measure – Stock News Stop (stockmarketstop.com)
- Stock under Consideration- Advanced Micro Devices, Inc. (AMD) – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Short Term Technical Analysis: Sterling Bancorp (STL), Advanced Micro Devices, Inc. (AMD) – Market Movers (financialqz.com)
Several equities research analysts have weighed in on the company. BidaskClub cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. Goldman Sachs Group cut their target price on Advanced Micro Devices from $11.40 to $10.40 and set a “sell” rating for the company in a research note on Wednesday, November 29th. Mizuho reiterated a “buy” rating and issued a $17.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, November 28th. Bank of America reiterated a “buy” rating and issued a $18.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, November 14th. Finally, Zacks Investment Research cut Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Seven analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Advanced Micro Devices presently has an average rating of “Hold” and a consensus target price of $14.02.
Shares of Advanced Micro Devices (NASDAQ:AMD) traded up $0.22 during trading on Monday, reaching $10.16. The company’s stock had a trading volume of 29,934,566 shares, compared to its average volume of 66,821,148. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.70 and a quick ratio of 1.20. Advanced Micro Devices has a 52-week low of $9.42 and a 52-week high of $15.65.
In other news, CEO Lisa T. Su sold 325,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $12.46, for a total value of $4,049,500.00. Following the completion of the sale, the chief executive officer now directly owns 2,037,139 shares in the company, valued at approximately $25,382,751.94. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP James Robert Anderson sold 20,000 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $13.26, for a total value of $265,200.00. Following the completion of the sale, the senior vice president now owns 513,773 shares of the company’s stock, valued at $6,812,629.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,287,283 shares of company stock valued at $15,334,044. 1.60% of the stock is currently 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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