Canaccord Genuity Reaffirms Buy Rating on Advanced Micro Devices (AMD)

By admin | 6 years ago

Advanced Micro Devices (NYSE: AMD)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity in a research note issued on Thursday.

AMD has been the subject of a number of other recent research reports. Analysts at FBR Capital (NASDAQ: FBCM) raised their price target on shares of Advanced Micro Devices from $10.00 to $11.00 in a research note to investors on Friday, April 20th. They now have an “outperform” rating on the stock. Separately, analysts at JPMorgan Chase (NYSE: JPM) raised their price target on shares of Advanced Micro Devices from $6.00 to $9.00 in a research note to investors on Friday, April 20th. They now have a “neutral” rating on the stock. Finally, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Advanced Micro Devices from $7.00 to $9.00 in a research note to investors on Thursday, April 19th. They now have an “equal weight” rating on the stock.

Advanced Micro Devices traded up 2.51% on Thursday, hitting $6.9499. Advanced Micro Devices has a 52-week low of $4.31 and a 52-week high of $9.17. The company’s market cap is $5.101 billion.

Advanced Micro Devices last posted its quarterly earnings results on Thursday, April 19th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.03. The company’s quarterly revenue was down 1.7% on a year-over-year basis. Analysts expect that Advanced Micro Devices will post $0.22 EPS next quarter.

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.

About the author