Technology Stocks Worth Chasing: Advanced Micro Devices, Inc. (AMD), Snap Inc. (SNAP)

Advanced Micro Devices Inc

Mubadala sells key stake in AMD for $613m

Analysts mean target price for Bank of America Corporation (NYSE:BAC) is $24.96 while their mean recommendation is 2.00 (1=Buy, 5=sell).

Analysts are also projecting an Average Revenue Estimate for Advanced Micro Devices, $982.52 Million in the Current Quarter.

Some buy side analysts are also providing their Analysis on Advanced Micro Devices, Inc., where 4 analysts have rated the stock as Strong buy, 7 analysts have given a Buy signal, 13 said it's a HOLD, 1 reported it as Underperform and 1 analysts rated the stock as Sell. The company has a consensus rating of "Hold" and a consensus price target of $9.73. Advanced Micro Devices (AMD) disappointing launch of company's Ryzen line of desktop computer processing units, or CPUs. Zacks Investment Research lowered shares of Advanced Micro Devices from a buy rating to a hold rating in a research note on Monday, February 6th.

Following a strong share price appreciation, Advanced Micro Devices shares are now trading around the highest level since 2007. The Rating was issued on Dec 15, 2016.Advanced Micro Devices is Upgraded by BofA/Merrill to Buy. The company's quarterly revenue was up 15.4% compared to the same quarter a year ago.

Advanced Micro Devices, Inc. has a consensus hold rating from 27 Wall Street analysts, and the number of shares now sold short amount to at least 11.31% of shares outstanding.

The Company got Initiated by Rosenblatt on 22-Feb-17 to Buy.

Advanced Micro Devices, Inc. closed its last trading session at $13.9 with the loss of -6.26%. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The company's market capitalization is $12.28 billion. The shares were sold at an average price of $10.66, for a total value of $1,066,000.00.

The latest Insider trade was made on 22 Feb 2017 where Anderson (James Robert) Officer did a transaction type "Sell" in which 20000 shares were traded at a price of $14.02. With an institutional ownership near 0%, it carries an earnings per share ratio of -0.45. Following the completion of the transaction, the senior vice president now owns 400,334 shares in the company, valued at approximately $4,539,787.56. The disclosure for this sale can be found here. The company's shares performance for the last one month was 8.04% and -7.72% in the previous week. This suggests that the broad sum of capital flow in the stock has been generally negative over the recent period. BlackRock Inc. now owns 528,631 shares of the semiconductor manufacturer's stock valued at $3,653,000 after buying an additional 150,726 shares during the period. Norges Bank acquired a new stake in Advanced Micro Devices during the fourth quarter valued at about $50,722,000. BlackRock Japan Co. Ltd boosted its position in shares of Advanced Micro Devices by 639.3% in the third quarter. Thrivent Financial for Lutherans now owns 131,570 shares of the semiconductor manufacturer's stock valued at $1,492,000 after buying an additional 19,360 shares in the last quarter. Quantbot Technologies LP purchased a new position in Advanced Micro Devices during the third quarter worth $123,000. Hedge funds and other institutional investors own 54.77% of the company's stock.

Advanced Micro Devices a global semiconductor company with facilities across the world. The Enterprise, Embedded and Semi-Custom segment primarily includes server and embedded processors, semi-custom SoC products, development services, technology for game consoles and licensing portions of its intellectual property portfolio.

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