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Shares of Advanced Micro Devices, Inc. (AMD) Sees Large Outflow of Money

10 March 2017

The current share price indicate that stock is -16.14% away from its one year high and is moving 506.51% ahead of its 52-week low. According to a regulatory filing, the company's leading shareholder, Mubadala Development Company PJSC, has recently sold roughly 45 million shares of AMD's shares with a market value of about $613 million, with Mubadala retaining 97 million shares of AMD. Inc. acquired a new position in shares of Advanced Micro Devices during the third quarter valued at $2,764,000. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices, Inc. with MarketBeat.com's FREE daily email newsletter. Canaccord Genuity's price target would indicate a potential upside of 28.59% from the company's previous close. The stock hit 1-yearhigh at $15.55 and a low of $2.15 in the same period. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Advanced Micro Devices, Inc's consensus price target is around $11.79 a share. The average revenue estimate for the year ending December 2017 is $1.03B by 5 analysts.

If we glance over stock price target, the analysts were fairly in stock's favor assigning high price target of 21 and average price target of 18.50.

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In an overview of the current analyst recommendations, Buy count is 11 and Overweight is 0 while the number of analysts recommending Sell and Underweight are 3 and 0, respectively. Advanced Micro Devices now has a consensus rating of "Hold" and an average target price of $9.73. The firm now has a "buy" rating on the stock. Company insiders own 1.00% of the company's stock. Company price to earnings (P/E) ratio, which measures the relationship between the earnings of a company and its stock price, is calculated as 16.90. The share price increased by 0.33 points to $13.38.

3/5/2017-Rosenblatt Securities Reiterated Rating of Buy. (NASDAQ:AMD) stock opened its trade at $13.00 and after floating in a range of $12.38 to $13.34, settled at $13.04. Ameritas Investment Partners Inc. now owns 284,192 shares of the semiconductor manufacturer's stock valued at $1,964,000 after buying an additional 131,465 shares in the last quarter. If you are viewing this piece on another domain, it was copied illegally and republished in violation of USA & worldwide copyright and trademark legislation. LLC raised its stake in Advanced Micro Devices by 11.4% in the third quarter. Loop Capital initiated coverage on shares of Advanced Micro Devices in a research note on Monday, December 5th. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Advanced Micro Devices during the third quarter valued at about $1,138,000. They now have a United States dollars 11 price target on the stock. Following the completion of the transaction, the senior vice president now owns 821,602 shares in the company, valued at $8,183,155.92. Meanwhile, SVP, CFO & Treasurer KUMAR DEVINDER sold 106,420 shares worth $1573950, through a transaction dated 2017-03-01. The number of shares now owned by investors are 1 bln. The disclosure for this sale can be found here.

Advanced Micro Devcies (AMD) is up almost 425% in the past year, and Canaccord sees more gains ahead. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.

Shares of Advanced Micro Devices, Inc. (AMD) Sees Large Outflow of Money