Advanced Micro Devices (NYSE:AMD)’s shares plunged in last trading session, as Zacks restated their neutral rating on shares in a research note issued to investors. The company at present has a $2.75 target price on the stock.
Zacks’ analyst articulated that AMD is the second biggest creator of microprocessors, GPUs and chipsets in the world. Its Q3 earnings missed anticipates, impacted by the macro delay and inventory rebalancing associated to the Win-8 release. At the similar time, Intel stays a strong contender with superior strategy, technological prowess and the clout that may be anticipated of the market leader.
While AMD has had several successes, extorting significant market share from Intel will be hard, mainly at high-end categories.
Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes Intel Corporation (NASDAQ:INTC) lost -0.60%, Atmel Corporation (NASDAQ:ATML) edged down -0.64%, ON Semiconductor Corp (NASDAQ:ONNN) which also decreased -0.58% and Texas Instruments Incorporated (NASDAQ:TXN) closed at 0.00%.
Advanced Micro Devices (NYSE:AMD) stock’s trade at beginning with a price of $2.54 and throughout the trading session climbed at a high of $2.57 other than when day-trade ended the stock finally basic -4.25% to $2.48.
The stock is going forward its 52 week low with +37.02% and lagging behind from its 52 week high price with -70.30%. AMD last month stock price volatility remained 5.20%.
AMD stock institutional ownership remained 59.26% while insider ownership included 0.12%. In its share capital AMD has 711.95 million outstanding shares among them 706.06 million shares have been floated in market exchange.
Company’s beta coefficient included 2.20. Beta factors measures the amount of market risk associated with market trade.