- The share price of Advanced Micro Devices, Inc. (NASDAQ: ) have declined 27.04 percent in the last six months, from a high of $2.87 on April 16.
- Oppenheimer’s Rick Schafer has maintained an Underperform rating on the company.
- The company reported its Q3 sales modestly above the consensus expectations, although the loss per share was worse than expected.
Analyst Rick Schafer also mentioned that the management guidance to a decline in the Q4 sales by 10 percent quarter-on-quarter to $90 million, below the consensus forecast of $1 billion, “as seasonal declines in semi-custom are partially offset by modest growth in Computing/Graphics.”
On a positive note, the company has entered...