Morgan Stanley Starts Stock Coverage on Advanced Micro Devices (AMD)

By admin | 6 years ago

Research analysts at Morgan Stanley (NYSE: MS) assumed coverage on shares of Advanced Micro Devices (NYSE: AMD) in a report released on Thursday. The firm set an “equalweight” rating on the stock.

Advanced Micro Devices opened at 6.08 on Thursday. 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 $4.264 billion.

Advanced Micro Devices last announced its 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. On average, analysts predict that Advanced Micro Devices will post $0.22 earnings per share next quarter.

A number of other firms have also recently commented on AMD. Analysts at FBR Capital (NASDAQ: FBCM) cut their price target on shares of Advanced Micro Devices from $11.00 to $9.00 in a research note to investors on Monday, May 21st. They now have an “outperform” rating on the stock. Separately, analysts at Nomura (NYSE: NMR) reiterated a “neutral” rating on shares of Advanced Micro Devices in a research note to investors on Wednesday, May 16th. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Advanced Micro Devices in a research note to investors on Thursday, May 10th.

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.

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