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Barclays PLC disclosed Advanced Micro Devices, Inc. (NASDAQ:AMD), dropping its stock price target to $6.96 today

Yesterday Advanced Micro Devices, Inc. (NASDAQ:AMD) traded -3.59% lower at $6.96. Advanced Micro Devices, Inc.’s 50-day moving average is $6.80 and its 200-day moving average is $5.05. The last closing price is up 32.81% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 4,866,277 shares of AMD changing hands under the typical 37,067,400

In a statement issued on 10/07/2016 Barclays PLC bumped down the target of Advanced Micro Devices, Inc. (NASDAQ:AMD) from $7.00 to $6.96 indicating a possible upside of 0%.

Previously on Monday October 03, 2016, Vetr Inc. reported about Advanced Micro Devices, Inc. (NASDAQ:AMD) raised the target price from $0.00 to $7.51. At the time, this indicated a possible upside of 0.09%.

See Chart Below

Advanced Micro Devices, Inc. (NASDAQ:AMD)

Advanced Micro Devices, Inc. has a with a one year low of $1.75 and a one year high of $8.00 AMD’s market capitalization is currently $0.

In addition to Barclays PLC reporting its stock price target, a total of 19 brokerages have issued a ratings update on Advanced Micro Devices, Inc.. The 12-month price target is $2.28 with two analysts rating the company a strong buy, two analysts rating the company a buy, sixteen brokers rating the stock a hold, 5 brokers rating the stock a underperform, and finally 2 brokers rating the stock a sell.

General Information About Advanced Micro Devices, Inc. (NASDAQ:AMD)

Advanced Micro Devices, Inc. is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as a standalone central processing unit (CPU) or as incorporated into an accelerated processing unit (APU), chipsets, and discrete graphics processing units (GPUs) for the consumer, commercial and professional graphics markets, and server and embedded CPUs, GPUs and APUs, and semi-custom System-on-Chip (SoC) products and technology for game consoles. It operates in two segments: the Computing and Graphics segment, which includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics, and the Enterprise, Embedded and Semi-Custom segment, which includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties. Its desktop PC product brands for microprocessors are AMD A-Series, AMD E-Series, AMD FX CPU, AMD Athlon CPU and APU.

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