Advanced Micro Devices (NASDAQ:AMD) Downgraded by StockNews.com

StockNews.com downgraded shares of Advanced Micro Devices (NASDAQ:AMD) from a hold rating to a sell rating in a report published on Saturday.

AMD has been the subject of several other research reports. Rosenblatt Securities reiterated a buy rating and set a $250.00 price target on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Wells Fargo & Company raised their price target on Advanced Micro Devices from $165.00 to $190.00 and gave the company an overweight rating in a research note on Wednesday, January 31st. Evercore ISI lowered their price objective on Advanced Micro Devices from $200.00 to $193.00 and set an outperform rating for the company in a research report on Wednesday, May 1st. New Street Research raised Advanced Micro Devices from a neutral rating to a buy rating and set a $215.00 target price on the stock in a research report on Wednesday, January 24th. Finally, Wedbush reaffirmed an outperform rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $184.24.

Advanced Micro Devices Stock Up 3.4 %

Shares of NASDAQ AMD opened at $155.78 on Friday. The stock has a market cap of $251.79 billion, a P/E ratio of 229.09, a PEG ratio of 2.33 and a beta of 1.66. The business’s fifty day simple moving average is $175.00 and its 200-day simple moving average is $152.86. Advanced Micro Devices has a 12-month low of $89.17 and a 12-month high of $227.30. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter last year, the company earned $0.43 EPS. Advanced Micro Devices’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities analysts predict that Advanced Micro Devices will post 2.63 EPS for the current fiscal year.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at $276,050,677.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $177.57, for a total value of $2,876,634.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $276,050,677.14. The disclosure for this sale can be found here. Insiders sold 181,850 shares of company stock valued at $34,637,833 in the last three months. 0.65% of the stock is currently owned by company insiders.

Institutional Trading of Advanced Micro Devices

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tradewinds Capital Management LLC raised its holdings in Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 71 shares during the last quarter. Valued Wealth Advisors LLC lifted its position in Advanced Micro Devices by 70.7% during the first quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 70 shares during the period. Northwest Bank & Trust Co acquired a new stake in Advanced Micro Devices in the 4th quarter worth about $28,000. Bare Financial Services Inc acquired a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $29,000. Finally, MeadowBrook Investment Advisors LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter worth about $29,000. Hedge funds and other 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.