Advanced Micro Devices, Inc. (NYSE:AMD) on the Move Despite Cautious Views of Analysts - MXIM, CY, AUO

Pompano Beach, FL -- (SBWIRE) -- 01/23/2013 -- Advanced Micro Devices, Inc. (NYSE:AMD) stands as one of the top advancers among stocks in the S&P 500 following the chip manufacturer’s revised Q4 loss of 14 cents per share surpassed the average Wall Street forecast for a loss of 21 cents per share.

However analysts stay watchful as they gone through the chip manufacturer’s results, which comprised a greater loss of $473 million.

Should AMD a Buy or Sell Now? Find Out Here

Bank of America Merrill Lynch analyst Vivek Arya stated that AMD continues to demonstrate progress toward a 25% slash in operating cost declines and breaking even in the second half of 2013.

But AMD’s estimate for a 9% loss in Q1 sequential sales, inferior to Intel’s mark for a 6% decline, accentuates the challenges the firm confronts. Specifically, AMD is giving up market share in personal computers and servers.

Advanced Micro Devices, Inc. (NYSE:AMD) shares so far in this session gained +9.80% to $2.69 with the Stock being traded within the range of $2.59 – $2.72. In the past year, it has not traded below $1.81 and was unable to surpass $8.35. The current session’s volume of 36.22 million shares is up from the average daily trading volume of 23.11 million shares.

What was the Moving Force behind AMD On Bullish Run? Read This Research Report

Turning to some other stocks in the same industry, Maxim Integrated Products Inc., Cypress Semiconductor Corporation and AU Optronics Corp. are in the gainers list. Below in this article, we will have a quick look on their Market performance.

So far in the ongoing trade, Maxim Integrated Products Inc. (NASDAQ:MXIM) shares are up +0.41% to $30.75 while the stock has traded within the range of $30.60 – $30.86. In the last 52-week period, shares changed hands between $23.55 and $30.91. The current session’s volume of 739,435 shares is lower than their average daily trading volume of 2.69 million shares.

Will MXIM Continue To Move Higher? Find Out Here

Cypress Semiconductor Corporation (NASDAQ:CY) shares in the current session moved up +0.34% reaching at $10.30. The stock traded in a range of $10.19 – $10.40. In the last year the stock has moved within a range of $8.70 – $19.25. The current session’s volume of 688,609 shares is lower from their average daily trading volume of 2.46 million shares.

Why Should Investors Buy CY After The Recent Gain? Just Go Here and Find Out

Another rival company, AU Optronics Corp. (ADR) (NYSE:AUO) is at a premium of +0.51% to $3.96. In today’s trading so far, the stock price was found in a range of $3.95 and $3.97. In the previous 52 weeks the stock’s price ranged between $2.70 and $5.98. The current session’s volume of 273,078 shares was lower from their average daily trading volume of 1.66 million shares.

For How Long AUO will Fight for Profitability? Read This Trend Analysis report

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