Earnings Growth Research: Advanced Micro Devices Inc. (AMD), Mallinckrodt plc (MNK)

You should consider shares of Advanced Micro Devices Inc. (NASDAQ:AMD) and Mallinckrodt plc (NYSE:MNK) if you are looking for a great stocks to invest in. Starting with the AMD shares, which traded at $48.54 at the close of the recent session, gaining 0.69%. On Wednesday, the company’s shares shed $0.33 from its value which represented in intraday trading. The stock is now 5.85% higher in year-to-date (YTD) trading. AMD’s intraday high was $49.08 while its lowest price touched $48.12. The stock’s 52-week high price is $49.96, which means the current price is at -2.83%. In terms of trading activity, the daily trading volume fell to 39813398 against 200-day average trading volume of 60,560,949 shares.

What are analyst forecasts for Advanced Micro Devices Inc. (NASDAQ:AMD)?

At a consensus rating of 3.77, AMD is trending as a streaking Moderate Buy, as it has been the case a month ago when 22 analysts called it a Moderate Buy. Two months ago, 22 analysts recommended, on average, that AMD stock is a Moderate Buy. The Technology company’s shares’ overall bullish trend saw it close lower on Wednesday compared to its opening price of $48.23 on the day.

Forecasts for Advanced Micro Devices Inc. (NASDAQ:AMD) give the stock a fair value for the growth of -21.35% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $40.00, which means the price per share could fall by nearly -$8.54. The price range target is between a low of $8.00 and a high of $65.00. The stock would need to gain by about $25.32 to hit the estimated high or 0.39% from its 12-month low.

The consensus among 38 analysts is that it is a good time for one to Overweight in the Advanced Micro Devices Inc. 14 analysts rate AMD as a Buy, with 3 of 38 analysts rate it as a Sell. 1 have valued the stock as Overweight and 20 have recommended that investors Hold.

Advanced Micro Devices Inc. (NASDAQ:AMD) Upgrades and Downgrades

In terms of rating changes, Mizuho on January 09, 2020, Upgrade Advanced Micro Devices Inc. (AMD) at Buy. They believe the stock could reach $55 in the near term. Analysts at Wells Fargo have assigned a Overweight rating for the stock in their research note on January 07, 2020 with an estimated price target of $55. Moreover, Nomura analysts issued a rating of Buy for the stock on January 02, 2020, giving it a price target of $58 for the next 12 months. On December 31, 2019, the stock earned a Buy rating due to an analyst call from Rosenblatt, while analysts from RBC Capital Mkts on December 24, 2019 suggested that the stock is Outperform.

Mallinckrodt plc (NYSE:MNK) adds $0.91 on Wednesday

The MNK stock has risen 28.65% year-to-date and is currently trading at $4.49, which is -83.57% below its 52-week high. The company shares gained 25.42% on the day and have risen nearly 213.99% off a low hit. At current levels, Mallinckrodt plc has a valuation of about $3.19B. As of 01/15/20, this stock has risen 44.37% during the week and closed at $3.58 in the previous session. However, recent Mallinckrodt plc stock performance shows that MNK shares are 25.77% up over the last month, and 115.87% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are $1.92, with the trailing 12-month share earnings at -$42.76. The ratio is expected to be up by 7.50% for the current year 2019 and -18.70% for next year. Over the next 5-year period, earnings per share will be -16.75%. But will the MNK stock surprise in the current quarter results, where the $2.07 actual EPS reported on 9/29/2019 surprised by 5.10% or was higher by $0.1 from the estimated $1.97.

Sales Growth to decline -6.80% for the year

How well will Mallinckrodt plc perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $746.4M and $794.08M in current quarter sales. The consensus estimated for the current quarter is $772.88M from sales. Forecasts for this fiscal year are between $3.1B and $3.15B and the consensus estimate for sales is at $3.13B. MNK has its next quarter sales estimates at between $699.5M and $760.56M, with the quarter-over-quarter growth estimates at -4.30% and the annual growth forecast for the year at -6.80%.

Who owns shares in Mallinckrodt plc (MNK)?

Let’s briefly focus on the share ownership of the Mallinckrodt plc (NYSE:MNK) stock, where we find that 104.50% of shares are held by institutions. Vanguard Group, Inc. (The) tops the list of institutional owners as it is holding 7.53 million shares or 8.96% of shares outstanding. Dimensional Fund Advisors LP and Blackrock Inc. held 6.74 million and 6.61 million representing 8.01% and 7.86% respectively at the close of the last trading session. As of Sep 29, 2019, Deerfield Management Company, L.P. (Series C) accounted for 4.19 million shares at over 10.1 million. This represented 4.98% of shares outstanding. Lsv Asset Management held 3.44 million shares at over 8.3 million representing 4.10% of shares outstanding.

MNK Insider Activity

On 5/15/2019, Director by the name Russell Angus C sold 11764.0 shares worth $178900.0 at the price of $15.21 per share. Filings also show that Carter Paul R /gilead/ sold a total of 8906.0 shares on 5/15/2019 valued at $135500.0. Since the last insider activity, the company’s share price has dropped -70.48%.