Advanced Micro Devices, Inc. (NYSE:AMD) average recommendation is hold with average target Price of $3.98. Advanced Micro Devices, Inc. (NYSE:AMD) stock opened at $3.66 in last trading session, and closed at $3.70, trading in the range of $3.65 – $3.75. The stock showed a positive weekly performance of 9.79%.
Sunedison Inc (NYSE:SUNE) announced that it will indefinitely close its shuttered polysilicon manufacturing facility in Merano, Italy immediately. This is the conclusion of a process that began with the previously announced 2011 global restructuring plan. Sunedison Inc (NYSE:SUNE) shares closed at $14.20 on last trade day, by losing -3.34%. Stock 52 week range is $3.95 – $15.22. Company’s market capitalization is $3.79 billion.
BlackBerry Ltd (NASDAQ:BBRY)’s efforts to be cash flow break-even by fiscal 2016 continue to gain traction. While worries about the Waterloo, Ontario-based company’s cash burn have been exacerbated by the sharp decline in smartphone shipments, RBC Capital Markets analyst Mark Sue cited several reasons for optimism. Mr. Sue expects BlackBerry’s services revenues to decline at a slower rate than previously forecast and also anticipates its purchase commitments will decrease. BlackBerry Ltd (NASDAQ:BBRY) stock decreased -0.71% and finished the last session at $9.80. The EPS of the stock remained -10.19. Company’s market capitalization is $5.16 billion.
ON Semiconductor Corp (NASDAQ:ONNN) had its price target raised by analysts at Morgan Stanley from $6.50 to $7.00. They now have an “underweight” rating on the stock. They wrote, “The improvement in ON’s business is encouraging, although [that] should not prove that surprising given the company’s bullish tone earlier this year at CES. The SANYO business (now called SSG) was break-even in the quarter, representing an important milestone. That said, we expect only modest improvement in SSG profitability in absence of stronger revenue growth. At the same time, the company is reinstating variable comp for the core ON business, which will offset some of the opex savings expected in SSG. Net, net, while ON’s business is showing initial signs of recovery, we remain Underweight relative to other names in our universe that have stronger growth prospects and/or operating leverage.” ON Semiconductor Corp (NASDAQ:ONNN) stock opened at $8.87 in last trading session and closed at $8.97. The 52 week range of the stock is $6.80 – $9.27 and the day range was $8.76 – $9.03.
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