Advanced Micro Devices, Inc. (NASDAQ:AMD) stock is presently standing at about $6.68 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 21 analysts covering the company is $7.00, which suggests the stock could still rise over 5 percent. The highest analyst price target is $9.00, which implies a rally of 65 percent. And a quick view of analyst notes show that 4 are rating the stock a buy while 3 rate AMD a strong buy. There are 14 equity research firms advocating a Hold and 1 consider it Sell.
Credit Suisse analysts provided their view on Advanced Micro Devices, Inc. (NASDAQ:AMD) recently. The rating firm issued a Neutral rating to this company in a research note released on Oct 12, 2016. Barclays analysts disclosed their opinion on Advanced Micro Devices, Inc. (NASDAQ:AMD) recently. The rating firm gave a Equal Weight rating to this stock in a research note published on Oct 07, 2016. According to a research note disclosed on Sep 20, 2016, analysts at Bernstein have upped their rating on these shares from Underperform to Mkt Perform.
Advanced Micro Devices, Inc. (NASDAQ:AMD) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its President & CEO Su Lisa T sold 665,414 company shares for $4398000.39, in a transaction on 2016-11-04. Following the transaction, the President & CEO is left with a stake of 4398.39 shares, currently valued at $29381. Meanwhile, SVP, CFO & Treasurer KUMAR DEVINDER sold 312,469 shares worth $2068000.54, through a transaction dated 2016-11-04. Following the completion of the transaction, the insider is left with a stake of 718,097 shares, amounting $4796887.96. AMD SVP & Chief Technology Officer Papermaster Mark D also sold 271,454 shares, at a stock price of $6.61. This transaction occurred on 2016-11-04 totals $1794000.31. After this transaction, the insider’s stake stands at 761,038 shares, with a market value of $5083734.
Executives hold 1.22 percent of the stock. Dr. Lisa T. Su is one of the biggest insider owners in Advanced Micro Devices, Inc. (NASDAQ:AMD), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 1,142,333 shares which have current market value of around $7630784.44.Mr. Derrick R. Meyer is another major inside shareholder in the company. The insider owns 760,385 shares as of less than 0.1%, currently worth $5079371.8. Mr. Rory P. Read is ranked as third insider holder of the stock. This insider holds 750,845 shares with a market value around $5015644.6 as of recent close.
Advanced Micro Devices, Inc. (NASDAQ:AMD) Earnings Outlook
In Advanced Micro Devices, Inc. (NASDAQ:AMD)’s latest quarter, EPS moved to $0.03 from $-0.05 in preceding quarter and revenues reached at $1,307.00M compared to $1,027.00M. Analysts had expected Advanced Micro Devices, Inc. (NASDAQ:AMD) to post net income of about $0.00 per share on $1,213.25M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $-0.03 to $-0.01. That is compared with the $-0.10 in EPS it reported during the same period a year ago.