
Advanced Micro Devices (AMD) Stock Up Ahead of Q2 Report
NEW YORK (TheStreet) -- Shares of Advanced Micro Devices (AMD) - Get Report are rising 1.11% to $5.47 on Wednesday afternoon ahead of the company's 2016 second quarter results due out after tomorrow's market close.
Analysts are expecting a narrower loss per share than last year and higher revenue year-over-year.
Wall Street is modeling that the Sunnyvale, CA-based semiconductor company will report a loss of 8 cents per share on revenue of $951.3 million
Last year, AMD posted a loss of 17 cents per share on revenue of $942 million.
BMO Capital Markets raised its price target on the stock to $4.50 from $3 ahead of the results.
The higher price target is due to better visibility on the company's semi-custom business given new design wins.
But, "AMD will need to show some consistency to justify the move the stock has had of late," the firm wrote in a note received today.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.
This is driven by multiple weaknesses, which should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks covered.
The area that has been the company's primary weakness has been its declining revenues.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: AMD










