AMD Plunges More Than 7% After Announcing Largely In-line Quarterly Earnings

AMD Revenue (<a href

AMD Revenue (

(NASDAQ:AMD), delivered in line results but guided June only slightly ahead. The stock is now trading -0.23% below its SMA 50 and 40.69% above its SMA 200.

AMD has been the topic of several other reports.

AMD's stock price has risen by more than 250% in one year on the hopes that the new product launches will help the company increase its market share and profitability. The stock has been active on the tape, now trading at $13.62, up from yesterday's close by 2.41%. The stock share price surged 1.94% comparing to its 20-day moving average. Finally, Russell Investments Group Ltd. bought a new stake in Advanced Micro Devices during the fourth quarter valued at $4,972,000. Buy rating has been given by 2 analysts to the company stock whereas 1 analyst given UNDERPERFORM rating to stock and 2 analysts given HOLD rating. At the midpoint, this would represent about a 12% increase in sales year over year. 267,130,069 shares of the company were exchanged. After a recent look, shares have been seen 37.97% from the 200-day moving average, and -2.58% from the 50-day moving average. The company's market cap is $9.81 billion. According to Thomson Reuters, sell-side analysts are projecting a consensus target price of $86.31 on company shares. During the same quarter previous year, the business earned ($0.12) earnings per share. The Higher end of the revenue forecast is $1.27 Billion, while the Lower end of the forecast is $1.04 Billion.

COPYRIGHT VIOLATION WARNING: "Macquarie Initiates Coverage on Advanced Micro Devices, Inc".

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This is good news for AMD investors as the company's upcoming Vega GPU is aiming at the premium GPU segment. Nonetheless, we'll continue to follow the story closely and bring the news to you as it breaks! The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.33 on scale of 1-5. BlackRock Institutional Trust Company N.A. raised its stake in shares of Advanced Micro Devices by 11.4% in the third quarter. Tracking the stock price in relation to moving averages may provide enhanced perspective on stock performance. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The stock was trading on below-average volume. AMD reported strong results that were in line with expectations, but the fickle stock market punished the company after it revealed lower-than-expected margins and relatively low Q2 margin guidance. The disclosure for this sale can be found here. "File?item=UGFyZW50SUQ9Mzc2MDQxfENoaWxkSUQ9LTF8VHlwZT0z&t=1&cb=636292523746777272" target="_blank">according to remarks in the CFO commentary posted on AMD's investor relations site.

Advanced Micro has with a one year low of $3.45 and a one year high of $15.55 and has a market capitalization of $0. Company insiders own 1.00% of the company's stock.

The current operating margin for Advanced Micro Devices, Inc.is at -8.70%. Loss per share of $0.08 contrast to a loss per share of $0.14 a year ago and a loss per share of $0.06 in the prior quarter.

Several hedge funds have recently made changes to their positions in the company.

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