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

Advanced Micro Devices (NASDAQ:AMD) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

Several other analysts have also issued reports on the stock. TD Cowen cut their target price on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research report on Monday. Barclays reduced their price target on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Evercore ISI boosted their target price on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research report on Monday, October 28th. Finally, Bank of America downgraded Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price objective for the company from $180.00 to $155.00 in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $179.68.

Advanced Micro Devices Price Performance

AMD stock opened at $119.96 on Tuesday. The firm has a 50 day moving average price of $131.60 and a 200-day moving average price of $145.95. The firm has a market capitalization of $194.67 billion, a price-to-earnings ratio of 108.07, a PEG ratio of 1.88 and a beta of 1.66. Advanced Micro Devices has a 52-week low of $114.41 and a 52-week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting the consensus estimate of $0.92. The business had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company’s revenue was up 17.6% compared to the same quarter last year. During the same period last year, the business posted $0.53 EPS. Equities research analysts forecast that Advanced Micro Devices will post 2.54 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the sale, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 197,036 shares of company stock worth $28,165,821. Company insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Several institutional investors have recently modified their holdings of the stock. Total Clarity Wealth Management Inc. boosted its stake in shares of Advanced Micro Devices by 11.2% in the second quarter. Total Clarity Wealth Management Inc. now owns 1,640 shares of the semiconductor manufacturer’s stock worth $266,000 after acquiring an additional 165 shares during the last quarter. Citizens Financial Group Inc. RI lifted its holdings in Advanced Micro Devices by 101.7% in the second quarter. Citizens Financial Group Inc. RI now owns 14,371 shares of the semiconductor manufacturer’s stock valued at $2,331,000 after acquiring an additional 7,245 shares during the last quarter. MSA Advisors LLC acquired a new stake in shares of Advanced Micro Devices during the 2nd quarter worth about $1,000,000. WealthPLAN Partners LLC raised its stake in shares of Advanced Micro Devices by 142.1% in the 2nd quarter. WealthPLAN Partners LLC now owns 4,832 shares of the semiconductor manufacturer’s stock valued at $784,000 after acquiring an additional 2,836 shares during the period. Finally, Excalibur Management Corp purchased a new position in shares of Advanced Micro Devices during the second quarter worth $323,000. Institutional investors and hedge funds 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.