Macquarie Capital Analysts Lifts Advanced Micro Devices (NYSE:AMD) Stock Rating – AMD, ARMH, AMCC, SIMO

Macquarie Capital analysts boosted Advanced Micro Devices, Inc (NYSE:AMD) stock rating to outperform rating on Monday.

Analyst Shawn Webster reported in a note to clients that Wall Street was underestimating the potential upside for the firm’s videogame unit, given that Advanced Micro Devices chips have been confirmed in the PlayStation 4, and Webster projects the yet-to-be-reported Xbox 720 to comprise the firm’s chips too.

Shares of AMD plunged slightly by mid-morning and broad market took a hit from the selloff wave sparked.

The Sunnyvale, California based AMD reported collaboration with Aviary to bring an optimized version of its popular photo editing tool to Windows(R) 8 PCs and tablets powered by AMD lifted processing units.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. ARM Holdings plc (ADR) (NASDAQ:ARMH) fell -1.10% to settle at $41.45, Applied Micro Circuits Corporation (NASDAQ:AMCC) moved up +-4.97% to end at $7.84 while Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) plunged -0.60% to finish at $13.16 on Monday.

Advanced Micro Devices, Inc. (NYSE:AMD) last session’s volume of 13.00 million shares was surprisingly lower than its average volume of 14.52 million shares. The stock after opening at $2.65 hit high price of $2.65 and then closed at $2.65 by scoring +1.92%.

The liquidity measure in recent quarter results of the company was recorded 1.62 as current ratio and on the other side the debt to equity ratio was 3.80 and long-term debt to equity ratio remained at 3.79. The Company had total cash of $1.00 billion at hand and a book value per share as $0.76 in the most recent quarter.

The stock’s price volatility was 2.65% for a week and 3.87% for a month as well as price volatility’s Average True Range for 14 days was 0.09 and its beta remained at 2.24.

AMD generated revenue of $5.42 billion in the previous twelve months. The Company showed a negative -21.82% in the net profit margin as well as in its operating margin which remained at -19.48%. Company’s annual sales growth for the past five years was -1.53%.

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