Advanced Micro Devices (NASDAQ:AMD) Earns Hold Rating from Melius Research

Advanced Micro Devices (NASDAQ:AMD)‘s stock had its “hold” rating reissued by stock analysts at Melius Research in a research note issued to investors on Tuesday, Marketbeat reports. They presently have a $129.00 price target on the semiconductor manufacturer’s stock, down from their previous price target of $160.00. Melius Research’s price objective would indicate a potential upside of 9.93% from the company’s previous close.

A number of other analysts have also weighed in on the company. Hsbc Global Res lowered Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Evercore ISI raised their price objective on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Morgan Stanley reduced their target price on shares of Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Wells Fargo & Company lowered their price target on shares of Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Finally, Melius lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $160.00 to $129.00 in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $171.86.

Advanced Micro Devices Trading Up 2.8 %

Shares of NASDAQ AMD opened at $117.35 on Tuesday. Advanced Micro Devices has a twelve month low of $112.80 and a twelve month high of $227.30. The firm has a market cap of $190.44 billion, a PE ratio of 105.72, a price-to-earnings-growth ratio of 1.09 and a beta of 1.66. The business has a fifty day simple moving average of $127.14 and a two-hundred day simple moving average of $142.27. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03.

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

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 197,036 shares of company stock worth $28,165,821. Company insiders own 0.65% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Large investors have recently made changes to their positions in the company. Avestar Capital LLC increased its holdings in shares of Advanced Micro Devices by 8.3% in the fourth quarter. Avestar Capital LLC now owns 14,192 shares of the semiconductor manufacturer’s stock valued at $1,714,000 after purchasing an additional 1,087 shares during the last quarter. Hudock Inc. increased its stake in shares of Advanced Micro Devices by 24.1% in the 4th quarter. Hudock Inc. now owns 4,037 shares of the semiconductor manufacturer’s stock worth $488,000 after acquiring an additional 784 shares during the last quarter. Raab & Moskowitz Asset Management LLC increased its stake in shares of Advanced Micro Devices by 17.8% in the 4th quarter. Raab & Moskowitz Asset Management LLC now owns 15,058 shares of the semiconductor manufacturer’s stock worth $1,819,000 after acquiring an additional 2,276 shares during the last quarter. MFG Wealth Management Inc. acquired a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $2,411,000. Finally, Van ECK Associates Corp grew its holdings in shares of Advanced Micro Devices by 23.3% in the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock valued at $1,432,538,000 after purchasing an additional 2,238,866 shares during the period. 71.34% of the stock is currently owned by hedge funds and other 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.