Advanced Micro Devices (NASDAQ:AMD) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Several other equities analysts have also recently weighed in on AMD. Vetr cut shares of Advanced Micro Devices from a “strong-buy” rating to a “buy” rating and set a $13.62 price target on the stock. in a research report on Thursday, March 8th. Bank of America reaffirmed a “positive” rating and issued a $11.52 price target (down previously from $18.00) on shares of Advanced Micro Devices in a research report on Tuesday. Credit Suisse Group raised their price target on shares of Advanced Micro Devices from $12.00 to $13.50 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. MKM Partners raised their price target on shares of Advanced Micro Devices from $13.00 to $14.50 and gave the company a “buy” rating in a research report on Monday, January 29th. Finally, Zacks Investment Research cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $14.62.

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Shares of Advanced Micro Devices (NASDAQ AMD) traded down $0.27 during midday trading on Wednesday, reaching $11.37. 52,351,599 shares of the company traded hands, compared to its average volume of 69,980,000. Advanced Micro Devices has a twelve month low of $9.70 and a twelve month high of $15.65. The company has a market cap of $10,990.00, a PE ratio of -13.54, a price-to-earnings-growth ratio of 4.98 and a beta of 2.73. The company has a debt-to-equity ratio of 2.17, a quick ratio of 1.27 and a current ratio of 1.76.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.04. Advanced Micro Devices had a net margin of 0.81% and a return on equity of 16.76%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the firm earned ($0.01) EPS. The firm’s revenue for the quarter was up 33.8% compared to the same quarter last year. equities analysts predict that Advanced Micro Devices will post 0.3 EPS for the current fiscal year.

In related news, CEO Lisa T. Su sold 100,000 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $12.00, for a total value of $1,200,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Mark D. Papermaster sold 34,330 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $10.62, for a total transaction of $364,584.60. The disclosure for this sale can be found here. Insiders sold a total of 1,343,240 shares of company stock worth $15,795,618 in the last ninety days. 1.60% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB grew its stake in Advanced Micro Devices by 8.7% in the 4th quarter. Xact Kapitalforvaltning AB now owns 130,097 shares of the semiconductor manufacturer’s stock valued at $1,337,000 after buying an additional 10,427 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in Advanced Micro Devices in the 4th quarter valued at approximately $2,608,000. Vident Investment Advisory LLC grew its stake in Advanced Micro Devices by 13.7% in the 4th quarter. Vident Investment Advisory LLC now owns 60,319 shares of the semiconductor manufacturer’s stock valued at $620,000 after buying an additional 7,257 shares in the last quarter. Laurel Wealth Advisors Inc. purchased a new position in Advanced Micro Devices in the 4th quarter valued at approximately $246,000. Finally, Crestline Management LP purchased a new position in Advanced Micro Devices in the 4th quarter valued at approximately $308,000. Institutional investors and hedge funds own 62.13% of the company’s stock.

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Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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