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

StockNews.com lowered shares of Advanced Micro Devices (NASDAQ:AMD) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

A number of other equities analysts also recently weighed in on the company. Morgan Stanley reduced their price target on Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Piper Sandler reaffirmed an “overweight” rating and set a $180.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Mizuho reduced their price target on Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Benchmark reaffirmed a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Thursday, October 31st. Finally, Bank of America downgraded Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their price target for the company from $180.00 to $155.00 in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.68.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $118.44 on Tuesday. The business has a 50 day simple moving average of $131.09 and a 200 day simple moving average of $145.76. Advanced Micro Devices has a 52-week low of $114.41 and a 52-week high of $227.30. 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 stock has a market cap of $192.21 billion, a price-to-earnings ratio of 106.70, a PEG ratio of 1.03 and a beta of 1.66.

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

Insiders Place Their Bets

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was 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 $41,558,469.49. This trade represents a 12.14 % 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 link. Also, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. The trade was a 2.10 % 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 worth $28,165,821 over the last 90 days. Corporate insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Christopher J. Hasenberg Inc lifted its holdings in Advanced Micro Devices by 12.0% in the third quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock worth $97,000 after buying an additional 60 shares during the period. Wealth Effects LLC lifted its holdings in Advanced Micro Devices by 0.7% in the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock worth $1,545,000 after buying an additional 65 shares during the period. Jacobsen Capital Management lifted its holdings in Advanced Micro Devices by 2.1% in the third quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer’s stock worth $554,000 after buying an additional 70 shares during the period. Sigma Investment Counselors Inc. lifted its holdings in Advanced Micro Devices by 5.3% in the third quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer’s stock worth $243,000 after buying an additional 74 shares during the period. Finally, Bedell Frazier Investment Counselling LLC lifted its holdings in Advanced Micro Devices by 4.3% in the third quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock worth $292,000 after buying an additional 74 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

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.