Advanced Micro Devices Downgraded by Vetr Inc. (AMD)

Vetr lowered shares of Advanced Micro Devices (NASDAQ:AMD) from a hold rating to a sell rating in a report released on Wednesday morning, Analyst Ratings.Net reports. Moreover, shares of Advanced Micro Devices Inc have an RSI of 59.46. Advanced Micro Devices, Inc. Ten analysts surveyed by Zacks expected $995.1 million. After trading began at $1.92 the stock was seen hitting $1.96 as a peak level and $1.92 as the lowest level. (NASDAQ:AMD) declared that it will webcast its earnings conference call on Thursday, October 15, 2015 at 5:00 p.m. EDT / 2:00 p.m. PDT to talk about the results of its fiscal third quarter ended September 26, 2015. Not Taking Into Account CVA/DVA, revenues were $18.5 billion, down 8% from the preceding year period, and earnings were $1.31 per diluted share, up 38% from preceding year earnings of $0.95 per diluted share.

The Street’s forecast specifies that earnings per share (EPS) and revenue will decline 500% year-over-year (YoY) and 30% YoY in the forthcoming results, respectively.

Earnings Whispers believe that the firm will report loss per share (LPS) of $0.15 in 3Q, which is higher than analysts’ expectation $0.12. (AMD) is trading at $1.93 at a volume of 464,487 shares. The 52-week high of the share price is $3.37 and the 52-week low is $1.61. The company’s 50-day moving average is $1.82 and its 200 day moving average is $2.14.

MGIC Investment Corp. (NYSE:MTG) stocks surged 4.80% in today’s pre market session with the price of $10.05.

AMD also said tonight that it wrote down $65 million worth of inventory and signed a joint venture agreement for manufacturing with Nantong Fujitsu Microelectronics. During the same quarter a year ago, the business posted $0.02 EPS. Sanford C. Bernstein reiterated an underperform rating and set a $1.50 price objective on shares of Advanced Micro Devices in a research report on Friday, July 10th. Equities analysts predict that Advanced Micro Devices will post ($0.48) earnings per share for the current year. Finally, Mizuho assumed coverage on shares of Advanced Micro Devices in a report on Wednesday, July 15th. Advanced Micro Devices now has an average rating of “Hold” and a consensus target price of $2.55. The Firm offers x86 microprocessors, as standalone devices or as incorporated as an accelerated processing unit, chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors, dense servers, semi-custom System-on-Chip (SoC) products and technology for game consoles. Advanced Micro Devices, Inc. has dropped 8.78% during the last 3-month period. The Company sells its products through direct sales force and through independent distributors and sales representatives in both domestic and worldwide marketplaces.