Advanced Micro Devices, Inc NYSE:AMD announced today about its participation with the New York State Energy Research and Development Authority (NYSERDA), HP and Clarkson University in a significant research project that looks at the industry-wide challenge of channeling renewable energy directly to data centers.
Because wind and solar-derived energy can be irregular, the intended study will also examine critical questions of how to automatically shift a compute load between data centers and maintain reliability.
AMD is basically a Semiconductor – Broad Line industry company. The sales of company resulted $6.45 billion for last consecutive twelve months, and the company’s net income recorded $828.00 million. The company’s growth of its sales in recent quarter vs. year ago quarter recorded -4.80% which is below the Industry benchmark of 16.90% and below from Standard and Poor’s benchmark of 13.90%.
Company is on an optimistic track of growth as the gross margin of Advanced Micro Devices, Inc is 44.8% which is below the industry benchmark for gross margin of 57.9% and above the Standard and Poor’s benchmark for gross margin of 37.7%.
The stock price of company on July 29, 2011 decreased 1.08% and settled to the closing price of $7.34. The overall volume in the last trading session was 20.88 million shares. Its fifty two week range was $5.53-$9.58. The total market capitalization remained $5.05 billion.
AMD current stock price is moving above its 52 week low by 32.73% and moving below from 52 week high price by 23.38%. AMD last month stock price volatility remained 3.71%. In its share capital AMD has 687.54 million outstanding shares while company’s float is 686.32 million shares. Ownership of company is 71.88% institutional while insiders owning 0.10%.