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Advanced Micro Devices, Inc. (AMD) News: Unusual Options, Finalized Plans & Wells Fargo & Co (WFC)’s Reiterated Rating

Editor’s Note: Related tickers: Advanced Micro Devices, Inc. (NYSE:AMD), Wells Fargo & Co (NYSE:WFC), Belden Inc. (NYSE:BDC)

Latest Updates on Advanced Micro Devices Inc (NYSE:AMD) (SBWire)
Advanced Micro Devices, Inc. (NYSE:AMD) announced that it signed an agreement to offer Singapore facility on lease to HSBC Institutional Trust Services. The leased facility is located at 508 Chai Chee Lane. Advanced Micro Devices offered the facility at lease as a trustee of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust. The company expects to get around $46 million. AMD plans to mention this transaction in the third quarter of current year. The company is optimistic to gain around $16 million from the deal in third quarter.

Advanced Micro Devices, Inc. (NYSE:AMD)

Stock Traders Purchase Large Volume of Put Options on Advanced Micro Devices (AMD) (DailyPolitical)
Advanced Micro Devices, Inc. (NYSE:AMD) saw some unusual options trading activity on Tuesday. Stock investors bought 9,469 put options on the stock, StockRatingsNetwork reports. This is an increase of approximately 265% compared to the typical volume of 2,595 put options. A number of analysts have recently weighed in on AMD shares. Analysts at Wells Fargo & Co (NYSE:WFC) reiterated an “outperform” rating on shares of Advanced Micro Devices in a research note to investors on Monday, August 5th. Separately, analysts at Topeka Capital Markets raised their price target on shares of Advanced Micro Devices from $8.00 to $10.00 in a research note to investors on Thursday, July 25th.

Belden Larger Than S&P 500 Component Advanced Micro Devices (Forbes)
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Belden Inc. (NYSE:BDC) was identified as having a larger market cap than the smaller end of the S&P 500, for example Advanced Micro Devices, Inc. (NYSE:AMD), according to The Online Investor. Click here to find out the top S&P 500 components ordered by average analyst rating » Market capitalization is an important data point for investors to keep an eye on, for various reasons. The most basic reason is that it gives a true comparison of the value attributed by the stock market to a given company’s stock.

AMD Further Delays Launches of New APU Products (xBitLabs)
Advanced Micro Devices, Inc. (NYSE:AMD) has reportedly finalized its plans for the next two years. Unfortunately, instead of accelerating release of new high-performance products, the company decided to take conservative road and delay introduction of already known products, including Kaveri, Carrizo, Beema, Mullins and Nolan. As already expected, the code-named Kaveri accelerated processing unit with Steamroller x86 high-performance cores, new-generation graphics engine with HSA [heterogeneous system architecture] and other new capabilities will only be released in March, 2014, not on late 2013, as planned originally.

AMD to Lease Singapore Subsidiary – Analyst Blog (Nasdaq)
Advanced Micro Devices, Inc. ( AMD ) has signed a conditional put-and-call option agreement to sell its Singapore subsidiary, Advanced Micro Devices (Singapore) Pte Ltd. and lease it back. It will not only generate additional funds but also diversify its business beyond the struggling PC industry. The company has decided to sell its Singapore facility to HSBC Institutional Trust Services (Singapore) Limited. The transaction will be closed after the final approval of the JTC Corporation (JTC), the Singapore entity tasked with managing the country’s industrial infrastructure.

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