Advanced Micro Devices (NASDAQ:AMD) Receives “Reduce” Rating from HSBC

Advanced Micro Devices (NASDAQ:AMD)‘s stock had its “reduce” rating restated by research analysts at HSBC in a report issued on Wednesday, MarketBeat.com reports. They presently have a $110.00 price target on the semiconductor manufacturer’s stock, down from their previous price target of $200.00. HSBC’s price target would suggest a potential downside of 13.61% from the stock’s previous close.

Several other equities research analysts also recently commented on AMD. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a report on Monday, October 28th. Citigroup cut their price objective on shares of Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Cantor Fitzgerald reissued an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Roth Mkm reaffirmed a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, October 11th. Finally, Morgan Stanley decreased their price objective on Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $187.86.

Advanced Micro Devices Stock Down 1.7 %

AMD opened at $127.33 on Wednesday. The company’s 50-day moving average price is $134.07 and its two-hundred day moving average price is $147.40. 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 has a twelve month low of $117.90 and a twelve month high of $227.30. The stock has a market cap of $206.63 billion, a price-to-earnings ratio of 114.71, a PEG 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 for the quarter, meeting the consensus estimate of $0.92. The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Advanced Micro Devices’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 earnings per share. As a group, equities analysts expect 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 Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s 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 transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock worth $28,165,821 over the last three months. Company insiders own 0.65% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AMD. Norway Savings Bank increased its stake in shares of Advanced Micro Devices by 2.9% during the fourth quarter. Norway Savings Bank now owns 12,612 shares of the semiconductor manufacturer’s stock valued at $1,523,000 after buying an additional 358 shares during the period. Bank of New Hampshire boosted its holdings in Advanced Micro Devices by 1.5% in the fourth quarter. Bank of New Hampshire now owns 9,802 shares of the semiconductor manufacturer’s stock valued at $1,184,000 after acquiring an additional 148 shares in the last quarter. Canandaigua National Bank & Trust Co. increased its position in Advanced Micro Devices by 72.5% during the 4th quarter. Canandaigua National Bank & Trust Co. now owns 5,712 shares of the semiconductor manufacturer’s stock valued at $690,000 after purchasing an additional 2,400 shares during the period. Capital Market Strategies LLC raised its holdings in Advanced Micro Devices by 20.7% in the 4th quarter. Capital Market Strategies LLC now owns 5,511 shares of the semiconductor manufacturer’s stock worth $666,000 after purchasing an additional 947 shares in the last quarter. Finally, Boltwood Capital Management lifted its position in shares of Advanced Micro Devices by 15.3% in the 4th quarter. Boltwood Capital Management now owns 2,413 shares of the semiconductor manufacturer’s stock worth $291,000 after purchasing an additional 320 shares during the period. Institutional investors own 71.34% of the company’s stock.

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.