Advanced Micro Devices, Inc. (AMD) Position Lowered by Nationwide Fund Advisors

Other equities research analysts also recently issued research reports about the company. Credit Suisse Group AG reiterated a neutral rating and set a $10.50 price objective (up from $7.00) on shares of Advanced Micro Devices in a research note on Thursday, February 2nd. Jefferies Group LLC reissued a "buy" rating and issued a $13.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 1st. Canaccord Genuity reissued a "buy" rating and set a $17.00 target price on shares of Advanced Micro Devices in a research note on Friday. Barclays PLC reissued a "hold" rating and set a $9.00 price objective on shares of Advanced Micro Devices in a report on Friday, January 20th.

05/17/2017 - Advanced Micro Devices, Inc. had its "buy" rating reiterated by analysts at Mizuho. The stock presently has a consensus rating of "Hold" and a consensus price target of $12.51.

Advanced Micro Devices (NASDAQ:AMD) traded up 2.129% during mid-day trading on Friday, hitting $11.515. Cypress' share price is up more than 40% over the past 12 months and AMD's price has skyrocketed a staggering 200% - and both increases have easily beat the market's gain of 15%. (NASDAQ:AMD)'s shares are now trading -27.49% away from the 52-week high price of $15.55 and +205.56% far from the 52-week low price of $3.69. The company's market capitalization is $10.66 billion. The author does not have, nor plans to take any position in Advanced Micro Devices, Inc. shares within the next 14 days. Meanwhile, Cypress is dealing with its own net losses, but continues to grow revenues across key businesses, has acquired companies to expand its semiconductor footprint, and trades at a much lower valuation.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Monday, May 1st. The semiconductor manufacturer reported ($0.04) earnings per share for the quarter, meeting the Zacks' consensus estimate of ($0.04). Revenue for the quarter came in at $108.3 million versus the consensus estimate of $111.16 million. The business's quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.12) EPS. Advanced Micro Devices, Inc. If you are reading this story on another publication, it was illegally stolen and reposted in violation of USA and global trademark & copyright law. The legal version of this report can be viewed at [[permalink]].

Google rolls out the beta version of Android O with new emojis
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On 3/3/2017 Development Co Pjsc Mubadala, Director, sold 45,000,000 with an average share price of $13.63 per share and the total transaction amounting to $613,350,000.00.

On 4/10/2017 Bruce L Claflin, Director, sold 20,000 with an average share price of $13.33 per share and the total transaction amounting to $266,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. AMD shares are trading at a forward P/E of more than 37 right now, compared to the tech industry average of about 25.

I like AMD's growth and strong position in the graphics processor space, but I think the company may be overvalued right now as investors have pushed up its share price faster than it can offset losses in one of its core segments. The disclosure for this sale can be found here. Insiders have sold 45,262,175 shares of company stock valued at $616,243,639 over the last quarter. Hedge funds and other institutional investors own 54.77% of the company's stock. Wellington Management Group LLP boosted its stake in shares of Advanced Micro Devices by 5,764.6% in the first quarter. Gilder Gagnon Howe & Co. Renaissance Technologies LLC now owns 11,530,326 shares of the semiconductor manufacturer's stock valued at $130,754,000 after buying an additional 8,265,725 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Advanced Micro Devices by 15.7% in the third quarter. Janney Montgomery Scott LLC now owns 143,912 shares of the semiconductor manufacturer's stock valued at $2,094,000 after buying an additional 68,565 shares in the last quarter. Finally, Sanoor Capital Management LP acquired a new stake in Advanced Micro Devices during the fourth quarter valued at approximately $19,611,000. Following the sale, the insider now directly owns 29,147 shares in the company, valued at $298,756.75. Using the PEG ratio alone, a company with a PEG Ratio below one may indicate the stock as being undervalued.

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    ILLEGAL ACTIVITY NOTICE: This news story was first posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. Following the sale, the director now owns 302,976 shares of the company's stock, valued at approximately $45,058,590.72.


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