Advanced Micro Devices (NASDAQ:AMD) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Advanced Micro Devices (NASDAQ:AMD) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

A number of other brokerages have also recently weighed in on AMD. Northland Securities upgraded Advanced Micro Devices from a market perform rating to an outperform rating and set a $195.00 price target on the stock in a research report on Wednesday, January 31st. Evercore ISI cut their price target on shares of Advanced Micro Devices from $200.00 to $193.00 and set an outperform rating for the company in a report on Wednesday, May 1st. Cantor Fitzgerald dropped their price objective on shares of Advanced Micro Devices from $190.00 to $170.00 and set an overweight rating for the company in a report on Wednesday, May 1st. Melius Research raised Advanced Micro Devices from a hold rating to a buy rating and set a $188.00 target price on the stock in a report on Monday, January 8th. Finally, Raymond James cut Advanced Micro Devices from a strong-buy rating to an outperform rating and raised their price target for the company from $190.00 to $195.00 in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $184.24.

Advanced Micro Devices Stock Up 3.4 %

AMD opened at $155.78 on Friday. The stock has a market capitalization of $251.79 billion, a price-to-earnings ratio of 229.09, a P/E/G ratio of 2.33 and a beta of 1.66. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average of $175.00 and a 200-day moving average of $152.86. Advanced Micro Devices has a 1-year low of $89.17 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The business had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. The firm’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 EPS. As a group, sell-side analysts anticipate that Advanced Micro Devices will post 2.63 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In related news, Director Joseph A. Householder sold 6,572 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the completion of the transaction, the director now directly owns 2,197 shares of the company’s stock, valued at approximately $457,151.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the transaction, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Joseph A. Householder sold 6,572 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the transaction, the director now owns 2,197 shares of the company’s stock, valued at $457,151.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 181,850 shares of company stock worth $34,637,833. 0.65% of the stock is currently owned by company insiders.

Institutional Trading of Advanced Micro Devices

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brown Advisory Inc. raised its holdings in shares of Advanced Micro Devices by 22.9% in the 3rd quarter. Brown Advisory Inc. now owns 27,490 shares of the semiconductor manufacturer’s stock valued at $2,827,000 after purchasing an additional 5,123 shares during the period. Everhart Financial Group Inc. boosted its stake in shares of Advanced Micro Devices by 3.9% during the 3rd quarter. Everhart Financial Group Inc. now owns 8,357 shares of the semiconductor manufacturer’s stock worth $859,000 after acquiring an additional 310 shares during the period. Hixon Zuercher LLC increased its holdings in shares of Advanced Micro Devices by 1.1% during the 3rd quarter. Hixon Zuercher LLC now owns 28,374 shares of the semiconductor manufacturer’s stock worth $2,917,000 after acquiring an additional 302 shares during the last quarter. JB Capital LLC bought a new stake in Advanced Micro Devices in the 3rd quarter valued at $2,872,000. Finally, Verdence Capital Advisors LLC lifted its holdings in Advanced Micro Devices by 50.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 7,885 shares of the semiconductor manufacturer’s stock valued at $811,000 after purchasing an additional 2,660 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.