Company Update (NYSE:AMD): AMD Reports 2014 Fourth Quarter and Annual Results

(Marketwired) — 01/20/15 — AMD (NASDAQ:AMD) today announced revenue for the fourth quarter of 2014 of $1.24 billion, operating loss of $330 million and net loss of $364 million, or $0.47 per share. Non-GAAP(1) operating income was $36 million, non-GAAP(1) net income of $2 million and breakeven non-GAAP(1) earnings per share. GAAP Financial Results Q4-14 Q3-14 Q4-13 2014… Read more »

Shares of Advanced Micro Devices opened today at $2.39 and are currently trading down at $2.24. AMD has a 1-year high of $4.80 and a 1-year low of $2.19. The stock’s 50-day moving average is $2.60 and it’s 200-day moving average is $3.31.

On the ratings front, Advanced Micro Devices has been the subject of a number of recent research reports. In a report published on December 19, analyst Vivek Arya from Merrill Lynch reiterated a Sell rating on AMD, with a price target of $2.25, which implies a downside of 5.9% from current levels. Separately, on December 16, MKM Partners` Ian Ing reiterated a Hold rating on Advanced Micro Devices shares and has a price target of $3.75.

In total, 4 research analysts have rated the stock with a Sell rating, 6 research analysts have assigned a Hold rating and 5 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $2.39 which is 33.9% above where the stock opened today.

Advanced Micro Devices Inc is a semiconductor company with facilities around the world. It operates in two segments: Computing Solutions and Graphics and Visual Solutions.

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