AMD Stock Rating Downgraded By Vetr
Equities research analysts at Vetr have downgraded AMD stock from a “sell” to a “strong sell” rating suggesting a potential downside of 14.17% in stock prices since the previous close. Vetr currently has a $6.54 target price on AMD’s stock.
Ever since the start of the year, several hedge funds and institutional investors have bought and sold shares of AMD while LS Investment Advisors LLC boosted its position in AMD by 71.6% in the second quarter of 2016 with a stock worth more than $198,000.
Perhaps the biggest share boost is for Royal Bank of Canada which now owns 167,020 shares of the stock, boosting its previous position by 1208.6% for a total worth of $474,000.
Several other equities analysts have also chimed in on the AMD stock market and Wedbush gave a “hold” rating with a price target at $3.50 on the company’s shares.
Seven research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company’s stock. Advanced Micro Devices has an average rating of “Hold” and an average price target of $4.39.
AMD now has a 12-month low of $1.65 and a 12-month high of $8.00 with a 50-day moving average at $6.08.
Just a month ago, prior to the company releasing its quarterly earnings report, analysts predicted the company would probably be seeing yet another loss in the second quarter of the year although situation might improve after that. AMD declared $0.05 earnings per share in their report, which the analysts had predicted would be $0.08.
The semiconductor manufacturer had $1.03 billion in revenue during Q2 2016 instead of the expected $951.89 million so things are definitely looking up for them. Earnings per share for the current fiscal year are expected to be $0.21 according to some analysts.