Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 1.9% on Analyst Downgrade

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s share price was down 1.9% during trading on Thursday after Mizuho lowered their price target on the stock from $160.00 to $140.00. Mizuho currently has an outperform rating on the stock. Advanced Micro Devices traded as low as $109.02 and last traded at $109.94. Approximately 19,423,878 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 42,099,637 shares. The stock had previously closed at $112.01.

Several other equities research analysts have also recently weighed in on AMD. Susquehanna decreased their price target on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a research note on Wednesday. Melius Research reissued a “hold” rating and issued a $129.00 price target (down previously from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. HSBC reissued a “reduce” rating and issued a $110.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Finally, Citigroup decreased their price target on Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $161.30.

Insider Activity

In other news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Hedge funds have recently bought and sold shares of the business. Creative Capital Management Investments LLC lifted its holdings in Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 86 shares during the period. Bear Mountain Capital Inc. bought a new stake in Advanced Micro Devices during the fourth quarter worth $25,000. Global Wealth Strategies & Associates bought a new stake in Advanced Micro Devices during the fourth quarter worth $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in Advanced Micro Devices during the fourth quarter worth $29,000. Finally, FSA Wealth Management LLC bought a new stake in Advanced Micro Devices during the third quarter worth $41,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Down 1.7 %

The stock has a fifty day moving average of $124.53 and a 200 day moving average of $140.39. The firm has a market capitalization of $178.77 billion, a P/E ratio of 99.24, a price-to-earnings-growth ratio of 1.03 and a beta of 1.65. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.19). Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

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.