Canaccord Genuity Upgrades Advanced Micro Devices(NASDAQ:AMD)

Brokerage firm Canaccord Genuity Upgrades its rating on Advanced Micro Devices(NASDAQ:AMD). In a research note issued to the investors, the brokerage major Raises the price-target to $6.00 per share. Previously, the analysts had a Hold rating on the shares. The rating by Canaccord Genuity was issued on Jun 16, 2016.

In a different note, 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. On Apr 22, 2016, Canaccord Genuity said it Maintains its rating on Advanced Micro Devices. In the research note, the firm Raises the price-target to $2.40 per share. The shares have been rated ‘Hold’ by the firm.

Advanced Micro Devices (AMD) made into the market gainers list on Tuesdays trading session with the shares advancing 6.86% or 0.35 points. Due to strong positive momentum, the stock ended at $5.45, which is also near the day’s high of $5.5. The stock began the session at $5.1 and the volume stood at 3,58,64,591 shares. The 52-week high of the shares is $5.5 and the 52 week low is $1.61. The company has a current market capitalization of $4,325 M and it has 79,35,19,840 shares in outstanding.

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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