Advanced Micro Devices, Inc. (NASDAQ:AMD) stock is presently standing at about $11.44 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 22 analysts covering the company is $8.00, which suggests the stock could still rise over -43 percent. The highest analyst price target is $15.00, which implies a rally of 69 percent. And a quick view of analyst notes show that 6 are rating the stock a buy while 4 rate AMD a strong buy. There are 14 equity research firms advocating a Hold and 1 consider it Sell.
Mizuho analysts provided their view on Advanced Micro Devices, Inc. (NASDAQ:AMD) recently. The rating firm issued a Buy rating to this company in a research note released on Dec 20, 2016. Morgan Stanley 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 Dec 15, 2016. According to a research note disclosed on Dec 08, 2016, analysts at BofA/Merrill have upped their rating on these shares from Underperform to Buy.
Advanced Micro Devices, Inc. (NASDAQ:AMD) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its SVP & GM EESC Norrod Forrest Eugene sold 27,828 company shares for $341000.73, in a transaction on 2016-12-28. Following the transaction, the SVP & GM EESC is left with a stake of 341.73 shares, currently valued at $3909. Meanwhile, SVP & Chief Technology Officer Papermaster Mark D sold 36,356 shares worth $431000.18, through a transaction dated 2016-12-27. Following the completion of the transaction, the insider is left with a stake of 771,257 shares, amounting $8823180.08. AMD SVP & GC WOLIN HARRY A also sold 18,999 shares, at a stock price of $11.86. This transaction occurred on 2016-12-27 totals $225000.33. After this transaction, the insider’s stake stands at 713,759 shares, with a market value of $8165403.
Executives hold 1.46 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 2,140,584 shares which have current market value of around $24488280.96.Mr. Mark D. Papermaster is another major inside shareholder in the company. The insider owns 771,257 shares as of less than 0.1%, currently worth $8823180.08. Mr. Derrick R. Meyer is ranked as third insider holder of the stock. This insider holds 760,385 shares with a market value around $8698804.4 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 $0.09. That is compared with the $-0.10 in EPS it reported during the same period a year ago.