Media headlines about Advanced Micro Devices (NASDAQ:AMD) have been trending somewhat negative this week, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Advanced Micro Devices earned a media sentiment score of -0.01 on Accern’s scale. Accern also assigned press coverage about the semiconductor manufacturer an impact score of 44.7817044281691 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Advanced Micro Devices (AMD) Upgraded by BidaskClub to “Hold” (nismagazine.com)
- EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Advanced Micro Devices, Inc. – AMD (finance.yahoo.com)
- Pomerantz Law Firm Announces the Filing of a Class Action against Advanced Micro Devices, Inc. and Certain Officers – AMD (markets.financialcontent.com)
- AMD vs. Intel: Who Will Win the CPU War in 2018? – Madison.com (host.madison.com)
- Intel’s Gaffe Wasn’t Reason To Buy Advanced Micro Devices – Investorplace.com (investorplace.com)
A number of research analysts recently issued reports on AMD shares. Credit Suisse Group boosted their price objective on shares of Advanced Micro Devices from $10.50 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Jefferies Group restated a “buy” rating and set a $19.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, October 25th. Bank of America restated a “buy” rating on shares of Advanced Micro Devices in a report on Sunday, October 1st. Goldman Sachs Group decreased their price objective on shares of Advanced Micro Devices from $11.40 to $10.40 and set a “sell” rating for the company in a report on Wednesday, November 29th. Finally, BNP Paribas upgraded shares of Advanced Micro Devices from a “neutral” rating to an “outperform” rating in a report on Thursday, October 12th. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.73.
In other Advanced Micro Devices news, SVP Forrest Eugene Norrod sold 62,500 shares of the company’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $11.61, for a total transaction of $725,625.00. Following the sale, the senior vice president now directly owns 743,772 shares of the company’s stock, valued at $8,635,192.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Darla M. Smith sold 18,001 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $11.37, for a total transaction of $204,671.37. Following the sale, the chief accounting officer now directly owns 19,078 shares in the company, valued at $216,916.86. The disclosure for this sale can be found here. In the last three months, insiders sold 1,394,194 shares of company stock worth $15,466,937. 1.60% of the stock is currently owned by insiders.
Advanced Micro Devices Company Profile
Advanced Micro Devices, Inc is a global semiconductor company. 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.
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