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

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

A number of other research analysts have also recently commented on the stock. Mizuho dropped their target price on shares of Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating for the company in a report on Friday. Benchmark reissued a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Thursday, October 31st. Barclays dropped their price objective on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Roth Mkm reiterated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Friday, October 11th. Finally, Hsbc Global Res lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $182.44.

Advanced Micro Devices Trading Up 1.1 %

AMD stock opened at $117.32 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The company’s 50-day simple moving average is $132.11 and its 200 day simple moving average is $146.27. Advanced Micro Devices has a 52 week low of $114.41 and a 52 week high of $227.30. The company has a market capitalization of $190.39 billion, a PE ratio of 105.69, a price-to-earnings-growth ratio of 1.88 and a beta of 1.66.

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

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 197,036 shares of company stock valued at $28,165,821 over the last three months. 0.73% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Greenfield Savings Bank grew its position in Advanced Micro Devices by 8.9% during the fourth quarter. Greenfield Savings Bank now owns 5,177 shares of the semiconductor manufacturer’s stock valued at $625,000 after acquiring an additional 424 shares during the last quarter. AAFMAA Wealth Management & Trust LLC grew its position in Advanced Micro Devices by 6.5% during the fourth quarter. AAFMAA Wealth Management & Trust LLC now owns 10,654 shares of the semiconductor manufacturer’s stock valued at $1,287,000 after acquiring an additional 646 shares during the last quarter. Cullen Investment Group LTD. grew its position in Advanced Micro Devices by 3.5% during the fourth quarter. Cullen Investment Group LTD. now owns 18,432 shares of the semiconductor manufacturer’s stock valued at $2,226,000 after acquiring an additional 625 shares during the last quarter. PSI Advisors LLC grew its position in Advanced Micro Devices by 6.7% during the fourth quarter. PSI Advisors LLC now owns 8,251 shares of the semiconductor manufacturer’s stock valued at $997,000 after acquiring an additional 517 shares during the last quarter. Finally, PFW Advisors LLC bought a new position in Advanced Micro Devices during the fourth quarter valued at approximately $265,000. 71.34% of the stock is currently owned by institutional investors.

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.