Advanced Micro Devices, Inc. (AMD) Stock Isn't What Goldman Thinks

(NASDAQ:AMD) traded up 1.19% during mid-day trading on Friday, reaching $13.58.

Advanced Micro Devices, a global semiconductor company. Advanced Micro Devices reported sales of $832 million in the same quarter last year, which indicates a positive year-over-year growth rate of 18.1%. Future earnings predictions are perhaps the most essential input when trying to value a company.

According to Zacks, analysts expect that Advanced Micro Devices will report full year sales of $982.55 million for the current year, with estimates ranging from $4.47 billion to $5.06 billion. Goldman Sachs has recently initiated coverage on the company with a "sell" rating because of valuation concerns and competition from NVIDIA and Intel Corp. (NASDAQ:AMD). Moreover, Nj State Employees Deferred Compensation Plan has 0.04% invested in Advanced Micro Devices, Inc.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, January 31st. Analysts are forecasting earnings of $-0.07 on a per share basis this quarter.

24 analysts on average are expecting the company to report revenue of $1.12 Billion for the current quarter. The semiconductor manufacturer reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. During the same quarter in the previous year, the company earned ($0.10) earnings per share.

A number of brokerages have recently commented on AMD.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 37.88%, and has a solid year to date (YTD) performance of 12.79% which means the stock is constantly adding to its value from the previous fiscal year end price. Vetr upgraded shares of Advanced Micro Devices from a "buy" rating to a "strong-buy" rating and set a $16.07 target price for the company in a research note on Thursday, February 23rd.

The target price for Advanced Micro Devices, Inc. (AMD) where 6 analyst have rated the stock as Strong Buy, 5 analysts said it's a Buy, 15 rated the stock as Hold, 1 analysts reported Underperform and 2 analysts gave their recommendations as Sell. The stock now has a consensus rating of "Hold" and a consensus target price of $11.07. (NASDAQ:AMD). Advanced Micro Devices, Inc. had a higher price at the close than it did at the open. The stock traded between $12.22 and $12.72 on volume of 53.44 million shares traded. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of -6.65%. A stock experiencing a high level of volatility has a higher ATR, and a low volatility stock has a lower ATR. The firm's market capitalization is $12.18 billion.

In related news, CEO Lisa T. Su sold 87,683 shares of the business's stock in a transaction that occurred on Tuesday, December 27th. The stock was sold at an average price of $14.05, for a total value of $281,000.00.

Advanced Micro Devices, Inc.'s P/B is valued at 27.98 exhibiting the investor sentiment on the value of the stock to its actual value. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Price targets show what analysts believes a stock will be worth at the end of a certain time period. The disclosure for this sale can be found here. Meanwhile, due to an ongoing pressure which caused a decline of nearly -3.96% in the past five days, the stock price is now up 1.39% so far on the year - still in weak territory.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, AMD earned gross profit of 1.84 Billion, in 2015 1.08 Billion gross profit, while in 2016 Advanced Micro Devices, Inc. TIAA CREF Investment Management LLC now owns 9,649,619 shares of the semiconductor manufacturer's stock valued at $66,679,000 after buying an additional 3,956,359 shares during the period. Proshare Advisors Limited Liability Company stated it has 0.03% in Advanced Micro Devices, Inc. Gilder Gagnon Howe & Co. The New York-based Jpmorgan Chase And has invested 0.01% in Advanced Micro Devices, Inc. Consensus earnings estimates are far from flawless, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of Advanced Micro Devices by 69.5% in the third quarter. Hedge funds and other institutional investors own 54.51% of the company's stock. If you are accessing this news story on another site, it was copied illegally and reposted in violation of U.S. & worldwide copyright law. The Relative Volume value measured for Advanced Micro Devices, Inc.

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