Oppenheimer Holdings Inc. upgraded Advanced Micro Devices, Inc. (NASDAQ:AMD) to Market Perform in a report released today.
- Updated: October 17, 2016
Oppenheimer Holdings Inc. has upgraded Advanced Micro Devices, Inc. (NASDAQ:AMD) to Market Perform in a report released on 10/17/2016.
Previously on 10/12/2016, Credit Suisse reported about Advanced Micro Devices, Inc. (NASDAQ:AMD) raised the target price from $5.50 to $7.00. At the time, this indicated a possible upside of 0.08%.
Yesterday Advanced Micro Devices, Inc. (NASDAQ:AMD) traded -0.89% lower at $6.75. The company’s 50-day moving average is $6.67 and its 200-day moving average is $5.20. The last stock close price is up 28.61% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 18,153,752 shares of the stock were exchanged, down from an average trading volume of 38,457,800
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Advanced Micro Devices, Inc. has a 52 week low of $1.75 and a 52 week high of $8.00 Advanced Micro Devices, Inc.’s market capitalization is currently $0.
In addition to Oppenheimer Holdings Inc. reporting its stock price target, a total of 19 brokerages have issued a ratings update on the company. The average stock price target is $2.28 with 2 brokers rating the stock a strong buy, 2 analysts rating the company a buy, sixteen analysts rating the company a hold, five analysts rating the company a underperform, and lastly two analysts rating the company a sell.
More 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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