Bernstein Downgrades Advanced Micro Devices to Underperform

Brokerage firm Bernstein Downgrades its rating on Advanced Micro Devices(NASDAQ:AMD). The shares have been rated Underperform. The rating by Bernstein was issued on Jul 8, 2016.

In a different note, On Jun 16, 2016, Canaccord Genuity said it Upgrades its rating on Advanced Micro Devices. In the research note, the firm Raises the price-target to $3.25 per share. On Apr 22, 2016, MKM Partners said it Upgrades its rating on Advanced Micro Devices. The shares have been rated ‘Buy’ by the firm. On Apr 22, 2016, Exane BNP Paribas said it Upgrades its rating on Advanced Micro Devices. The shares have been rated ‘Neutral’ by the firm. On Apr 22, 2016, Morgan Stanley said it Maintains its rating on Advanced Micro Devices. In the research note, the firm Raises the price-target to $2.25 per share. The shares have been rated ‘Underweight’ by the firm. On Apr 22, 2016, Credit Suisse said it Maintains its rating on Advanced Micro Devices. In the research note, the firm Raises the price-target to $1.90 per share. The shares have been rated ‘Underperform’ by the firm. On Apr 22, 2016, Jefferies said it Maintains its rating on Advanced Micro Devices. In the research note, the firm Raises the price-target to $3.50 per share. The shares have been rated ‘Buy’ by the firm.

Advanced Micro Devices (AMD) shares turned negative on Wednesdays trading session with the shares closing down -0.05 points or -0.97% at a volume of 1,40,32,518. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5.19. The peak price level was also seen at $5.19 while the days lowest was $5.04. Finally the shares closed at $5.09. The 52-week high of the shares is $5.52 while the 52-week low is $1.61. According to the latest information available, the market cap of the company is $4,039 M.

Advanced Micro Devices(AMD) last announced its earnings results on Apr 21, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $832.00M. Analysts had an estimated revenue of $820.07M. Earnings per share were $-0.12. Analysts had estimated an EPS of $-0.13.

Advanced Micro Devices Inc. is a global semiconductor company with facilities across the world. The Company offers x86 microprocessors as standalone devices or as incorporated as an accelerated processing unit (APU) chipsets discrete graphics processing units (GPUs) and professional graphics and server and embedded processors dense servers semi-custom System-on-Chip (SoC) products and technology for game consoles. The Company 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. The Company sells its products through direct sales force and through independent distributors and sales representatives in both domestic and international markets.

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