BidaskClub cut shares of Advanced Micro Devices (NASDAQ:AMD) from a hold rating to a sell rating in a research note published on Tuesday.

Other analysts have also recently issued reports about the company. Jefferies Group reiterated a buy rating and issued a $19.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, October 25th. Loop Capital reiterated a hold rating and issued a $13.00 price target (down from $14.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 25th. BNP Paribas upgraded Advanced Micro Devices from a neutral rating to an outperform rating in a research report on Thursday, October 12th. BMO Capital Markets reiterated a hold rating and issued a $15.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, October 18th. Finally, Rosenblatt Securities reiterated a buy rating and issued a $22.00 price target on shares of Advanced Micro Devices in a research report on Thursday, September 21st. Seven equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Advanced Micro Devices has a consensus rating of Hold and a consensus price target of $14.02.

Advanced Micro Devices (NASDAQ:AMD) traded down $0.03 on Tuesday, hitting $10.01. The stock had a trading volume of 17,715,896 shares, compared to its average volume of 67,112,805. The company has a current ratio of 1.70, a quick ratio of 1.20 and a debt-to-equity ratio of 2.61. Advanced Micro Devices has a 1-year low of $9.42 and a 1-year high of $15.65.

In other news, SVP James Robert Anderson sold 20,000 shares of the company’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $13.26, for a total transaction of $265,200.00. Following the transaction, the senior vice president now owns 513,773 shares of the company’s stock, valued at $6,812,629.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lisa T. Su sold 82,709 shares of the company’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $13.62, for a total value of $1,126,496.58. The disclosure for this sale can be found here. In the last three months, insiders sold 1,212,283 shares of company stock worth $14,579,544. Insiders own 1.60% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its holdings in shares of Advanced Micro Devices by 35.4% in the second quarter. Nisa Investment Advisors LLC now owns 15,300 shares of the semiconductor manufacturer’s stock worth $191,000 after acquiring an additional 4,000 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Advanced Micro Devices by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 48,100 shares of the semiconductor manufacturer’s stock worth $600,000 after acquiring an additional 700 shares in the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of Advanced Micro Devices by 20.3% during the second quarter. Public Employees Retirement Association of Colorado now owns 153,756 shares of the semiconductor manufacturer’s stock worth $1,919,000 after buying an additional 25,943 shares in the last quarter. NGAM Advisors L.P. bought a new position in shares of Advanced Micro Devices during the second quarter worth about $547,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Advanced Micro Devices by 6.9% during the second quarter. Janney Montgomery Scott LLC now owns 153,810 shares of the semiconductor manufacturer’s stock worth $1,920,000 after buying an additional 9,898 shares in the last quarter. 60.02% of the stock is currently owned by hedge funds and other institutional investors.

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Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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