Advanced Micro Devices (NASDAQ:AMD) Downgraded to Moderate Sell Rating by Hsbc Global Res

Advanced Micro Devices (NASDAQ:AMD) was downgraded by analysts at Hsbc Global Res from a “strong-buy” rating to a “moderate sell” rating in a research note issued on Wednesday,Zacks.com reports.

AMD has been the topic of a number of other research reports. Piper Sandler reaffirmed an “overweight” rating and issued a $180.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Evercore ISI boosted their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Benchmark reiterated a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Bank of America lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $180.00 to $155.00 in a research note on Monday, December 9th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $187.85.

Advanced Micro Devices Stock Down 4.3 %

AMD stock opened at $121.84 on Wednesday. The stock has a market cap of $197.72 billion, a P/E ratio of 109.77, a P/E/G ratio of 1.88 and a beta of 1.66. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The stock’s fifty day simple moving average is $133.09 and its two-hundred day simple moving average is $147.05. Advanced Micro Devices has a 1-year low of $117.90 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 earnings per share. Analysts expect that Advanced Micro Devices will post 2.54 EPS for the current year.

Insider Activity at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was 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 approximately $513,150,048.94. The trade was a 2.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 197,036 shares of company stock valued at $28,165,821. Corporate insiders own 0.65% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Institutional investors have recently added to or reduced their stakes in the company. Andra AP fonden purchased a new position in Advanced Micro Devices during the 2nd quarter valued at about $2,855,000. HHM Wealth Advisors LLC lifted its position in shares of Advanced Micro Devices by 38.5% in the 2nd quarter. HHM Wealth Advisors LLC now owns 597 shares of the semiconductor manufacturer’s stock worth $97,000 after purchasing an additional 166 shares during the period. Linscomb Wealth Inc. boosted its stake in shares of Advanced Micro Devices by 3.7% during the 2nd quarter. Linscomb Wealth Inc. now owns 13,595 shares of the semiconductor manufacturer’s stock valued at $2,205,000 after purchasing an additional 480 shares in the last quarter. Y.D. More Investments Ltd grew its holdings in shares of Advanced Micro Devices by 3.2% during the 2nd quarter. Y.D. More Investments Ltd now owns 30,694 shares of the semiconductor manufacturer’s stock worth $4,978,000 after acquiring an additional 965 shares during the period. Finally, Cornercap Investment Counsel Inc. grew its stake in Advanced Micro Devices by 406.7% in the second quarter. Cornercap Investment Counsel Inc. now owns 17,396 shares of the semiconductor manufacturer’s stock worth $2,822,000 after purchasing an additional 13,963 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

About Advanced Micro Devices

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.