Advanced Micro Devices (NYSE:AMD) Rated “Outperform”; Microsoft To Close Deal of Nokia Corporation (ADR) (NYSE:NOK)

Advanced Micro Devices, Inc. (NYSE:AMD) stock got “Outperform” rating in a report published Monday, FBR Capital Markets & Co. analyst Christopher Rolland. He also raised the price objective on Advanced Micro Devices, Inc. (AMD) shares from $5.50 to $6.00 following first quarter 2014 results.

Advanced Micro Devices reported better-than-expected first quarter 2014 results on April 17. The company reported first quarter EPS of $0.02 versus the estimated $0.00, up 115 percent from the same quarter last year. Advanced Micro Devices, Inc. (NYSE:AMD) shares after opening at $4.01 moved to $4.20 on last trade day and at the end of the day closed at $4.12. Company price to sales ratio in past twelve months was calculated as 0.56 and price to cash ratio as 2.86. Advanced Micro Devices, Inc. (NYSE:AMD) showed a positive weekly performance of 12.88%.

Microsoft Corporation (NASDAQ:MSFT) says that it will close its $7.2 billion acquisition of Nokia Corporation (ADR) (NYSE:NOK)’s handset business this Friday. Microsoft general counsel Brad Smith says in a statement released on Monday, about the deal, that it was delayed by a month as both companies awaited regulatory clearances in Asia, and it will be complete on April 25.

“This acquisition will help Microsoft accelerate innovation and market adoption for Windows Phones. In addition, we look forward to introducing the next billion customers to Microsoft services via Nokia mobile phones,” says Smith in a statement.

Nokia Corporation (ADR) (NYSE:NOK) shares after opening at $7.35 moved to $7.45 on last trade day and at the end of the day closed at $7.43. Company price to sales ratio in past twelve months was calculated as 0.80 and price to cash ratio as 3.71. Nokia Corporation (ADR) (NYSE:NOK) showed a positive weekly performance of 0.27%. Microsoft Corporation (NASDAQ:MSFT) shares fell -0.17% in last trading session and ended the day on $39.94. MSFT return on equity ratio is recorded as 28.30% and its return on assets is 15.90%. Microsoft Corporation (NASDAQ:MSFT) yearly performance is 38.11%.