Advanced Micro Devices (NASDAQ:AMD) Raised to “Hold” at StockNews.com

Advanced Micro Devices (NASDAQ:AMD) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

AMD has been the subject of a number of other reports. KeyCorp lowered their target price on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Barclays reduced their price objective on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Wells Fargo & Company restated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Melius downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their price target for the stock from $160.00 to $129.00 in a report on Tuesday, January 28th. Finally, Citigroup reiterated a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $155.83.

Advanced Micro Devices Trading Down 5.0 %

AMD opened at $99.51 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The stock’s 50 day moving average price is $117.33 and its 200-day moving average price is $137.15. Advanced Micro Devices has a one year low of $99.50 and a one year high of $227.30. The stock has a market cap of $161.25 billion, a price-to-earnings ratio of 100.52, a P/E/G ratio of 1.11 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, equities analysts forecast that Advanced Micro Devices will post 3.87 EPS for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Philip Guido purchased 4,645 shares of the stock in a transaction dated Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.65% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brucke Financial Inc. bought a new position in shares of Advanced Micro Devices during the 4th quarter worth about $331,000. Azzad Asset Management Inc. ADV grew its position in Advanced Micro Devices by 8.7% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 11,605 shares of the semiconductor manufacturer’s stock worth $1,402,000 after buying an additional 924 shares in the last quarter. Bernard Wealth Management Corp. bought a new position in Advanced Micro Devices during the fourth quarter valued at about $3,680,000. XY Planning Network Inc. bought a new position in Advanced Micro Devices during the fourth quarter valued at about $451,000. Finally, LM Advisors LLC lifted its position in shares of Advanced Micro Devices by 22.8% in the 4th quarter. LM Advisors LLC now owns 2,534 shares of the semiconductor manufacturer’s stock worth $306,000 after acquiring an additional 471 shares during the period. 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.