Advanced Micro Devices (NYSE:AMD) Stock Tumbles; Zacks’ Analyst Reaffirms Neutral Rating – AMD, INTC, NVDA, MIPS

Advanced Micro Devices, Inc (NYSE:AMD) stock plunged 4.3% to settle at $2.48 after the limited time trading session ahead of Charismas, bringing year-to-date losses of the Sunnyvale, California based chip maker to 54%.

In a research memo issued to investors on Thursday; Zacks analysts reiterated their neutral rating on Advanced Micro Devices stock. The company presently has a $2.75 target price on the security.

Zacks’ analyst reported that Advanced Micro Devices is the second biggest producer of microprocessors, GPUs and chipsets in the world.

Advanced Micro Devices Q3 earnings failed to meet forecasts, impacted by the macro slowdown and inventory rebalancing linked with the Win-8 launch.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Intel Corporation (NASDAQ:INTC) fell -0.60% to settle at $20.64, NVIDIA Corporation (NASDAQ:NVDA) moved down -0.81% to end at $12.25 while MIPS Technologies, Inc. (NASDAQ:MIPS) jumped +0.39% to finish at $7.77 on Monday.

Advanced Micro Devices, Inc. (NYSE:AMD) last session’s volume of 9.63 million shares was higher than its average volume of 28.48 million shares. The stock after opening at $2.54 hit high price of $2.57 and then closed at $2.48 by scoring -4.25%.

AMD generated revenue of $5.96 billion in the previous twelve months and earned -$883.00 million. The Company showed a negative -14.82% in the net profit margin as well as in its operating margin which remained at -9.45%. Company’s annual sales growth for the past five years was 3.14%.

The AMD’s past twelve months’ price to sales ratio was 0.30 and price to cash ratio remained 1.36. As far as the returns are concerned, AMD’s return on equity was recorded as -64.62% and return on investment decreased -27.43% while its return on asset stayed at -17.93%.

The stock showed weekly upbeat performance of 0.81% which was maintained for the month at 27.18%. Likewise the negative performance for the quarter was recorded as -31.11% and for the year was -51.18% while the YTD performance remained at -54.07%.


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