Advanced Micro Devices (NASDAQ:AMD) Downgraded by StockNews.com

StockNews.com cut shares of Advanced Micro Devices (NASDAQ:AMD) from a hold rating to a sell rating in a research report released on Wednesday morning.

A number of other research analysts have also recently issued reports on the company. Morgan Stanley lifted their price objective on Advanced Micro Devices from $176.00 to $178.00 and gave the company an equal weight rating in a report on Wednesday. Mizuho cut their price target on shares of Advanced Micro Devices from $235.00 to $215.00 and set a buy rating for the company in a report on Wednesday, May 1st. KeyCorp dropped their price objective on shares of Advanced Micro Devices from $230.00 to $220.00 and set an overweight rating for the company in a report on Tuesday, July 9th. TD Cowen boosted their target price on Advanced Micro Devices from $200.00 to $210.00 and gave the stock a buy rating in a report on Monday, July 15th. Finally, Cantor Fitzgerald decreased their price target on Advanced Micro Devices from $200.00 to $180.00 and set an overweight rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $193.45.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $132.50 on Wednesday. The firm has a market capitalization of $214.16 billion, a price-to-earnings ratio of 194.86, a PEG ratio of 1.68 and a beta of 1.69. Advanced Micro Devices has a one year low of $93.11 and a one year high of $227.30. The business has a fifty day simple moving average of $160.41 and a 200 day simple moving average of $167.75. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 6.00%. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the prior year, the business posted $0.40 earnings per share. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. Sell-side analysts expect that Advanced Micro Devices will post 2.6 EPS for the current year.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Advanced Micro Devices

A number of large investors have recently bought and sold shares of the company. Norges Bank bought a new stake in Advanced Micro Devices during the fourth quarter worth about $3,426,529,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Advanced Micro Devices by 813.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,647,457 shares of the semiconductor manufacturer’s stock worth $685,089,000 after purchasing an additional 4,138,612 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Advanced Micro Devices by 15,896.5% in the 4th quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock valued at $550,935,000 after buying an additional 3,714,069 shares during the last quarter. Capital World Investors grew its stake in shares of Advanced Micro Devices by 176.9% in the fourth quarter. Capital World Investors now owns 4,668,542 shares of the semiconductor manufacturer’s stock valued at $688,190,000 after buying an additional 2,982,704 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in Advanced Micro Devices by 52.6% during the second quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock worth $1,402,412,000 after buying an additional 2,979,204 shares during the last quarter. Institutional investors and hedge funds 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.