Monday, September 17, 2012

Longbow Research downgraded AMD stock rating

Longbow Research downgraded AMD stock rating, amd stock prices september 17 2012 : Advanced Micro Devices (NYSE: AMD) was downgraded by equities research analysts at Longbow Research from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $4.25 price target on the stock, down previously from $6.50. Separately, analysts at Goldman Sachs upgraded shares of Advanced Micro Devices from a “sell” rating to a “neutral” rating in a research note to investors on Monday, September 10th. They now have a $3.50 price target on the stock. They noted that the move was a valuation call. Finally, analysts at UBS AG downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, September 5th. They now have a $4.00 price target on the stock, down previously from $6.25.

Advanced Micro Devices opened at 3.90 on Monday. Advanced Micro Devices has a 1-year low of $3.43 and a 1-year high of $8.35. The company’s market cap is $2.759 billion.

Advanced Micro Devices last posted its quarterly earnings results on Thursday, July 19th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.07 by $0.01. The company’s quarterly revenue was down 10.2% on a year-over-year basis. Analysts expect that Advanced Micro Devices will post $0.28 EPS for the current fiscal year.

Advanced Micro Devices, Inc. (AMD) is a global semiconductor company with facilities globally. Within the global semiconductor industry, it offers x86 microprocessors, as standalone devices or as incorporated as an accelerated processing unit, for the commercial and consumer markets, embedded microprocessors for commercial, commercial client and consumer markets and chipsets for desktop and mobile devices, including mobile personal computers (PCs), and tablets, professional workstations and servers, and graphics, video and multimedia products for desktop and mobile devices, including mobile PCs and tablets, home media PCs and professional workstations, servers and technology for game consoles.

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