Advanced Micro Devices (NASDAQ:AMD) Cut to Sell at StockNews.com

StockNews.com lowered shares of Advanced Micro Devices (NASDAQ:AMDFree Report) from a hold rating to a sell rating in a report released on Saturday morning.

Several other brokerages also recently issued reports on AMD. Jefferies Financial Group initiated coverage on Advanced Micro Devices in a report on Monday, May 13th. They issued a buy rating and a $190.00 price target for the company. DZ Bank raised shares of Advanced Micro Devices from a hold rating to a buy rating and set a $190.00 price objective for the company in a research report on Tuesday, May 7th. Mizuho decreased their price objective on shares of Advanced Micro Devices from $235.00 to $215.00 and set a buy rating for the company in a research report on Wednesday, May 1st. Piper Sandler reissued an overweight rating and issued a $175.00 price objective (down from $195.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Finally, UBS Group decreased their price objective on shares of Advanced Micro Devices from $205.00 to $200.00 and set a buy rating for the company in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $190.83.

View Our Latest Analysis on AMD

Advanced Micro Devices Trading Down 2.4 %

AMD stock opened at $154.63 on Friday. Advanced Micro Devices has a 52 week low of $93.11 and a 52 week high of $227.30. The company has a market cap of $249.93 billion, a price-to-earnings ratio of 227.40, a PEG ratio of 1.85 and a beta of 1.69. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The business has a fifty day simple moving average of $159.18 and a 200-day simple moving average of $163.44.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the prior year, the firm earned $0.43 EPS. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts expect that Advanced Micro Devices will post 2.61 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the sale, the executive vice president now owns 1,546,227 shares in the company, valued at $245,757,319.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.65% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AMD. Norges Bank acquired a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $3,426,529,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Advanced Micro Devices by 813.3% during the fourth 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 buying an additional 4,138,612 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Advanced Micro Devices by 15,896.5% during the fourth quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock worth $550,935,000 after buying an additional 3,714,069 shares in the last quarter. Capital World Investors boosted its holdings in Advanced Micro Devices by 176.9% during the fourth quarter. Capital World Investors now owns 4,668,542 shares of the semiconductor manufacturer’s stock worth $688,190,000 after buying an additional 2,982,704 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Advanced Micro Devices by 10.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock worth $4,079,674,000 after buying an additional 2,553,392 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

About Advanced Micro Devices

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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.

Further Reading

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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