Advanced Micro Devices (NASDAQ:AMD) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Advanced Micro Devices (NASDAQ:AMDFree Report) from a buy rating to a hold rating in a research report released on Saturday morning.

A number of other research firms have also weighed in on AMD. DZ Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $250.00 target price for the company in a report on Wednesday, October 8th. Melius Research set a $380.00 price objective on Advanced Micro Devices in a report on Wednesday, November 12th. UBS Group lifted their price objective on Advanced Micro Devices from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. CICC Research upgraded Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $265.00 target price for the company in a report on Friday, November 7th. Finally, Jefferies Financial Group set a $300.00 price target on Advanced Micro Devices and gave the stock a “positive” rating in a research note on Monday, October 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $277.06.

View Our Latest Research Report on Advanced Micro Devices

Advanced Micro Devices Stock Down 0.0%

Shares of Advanced Micro Devices stock opened at $214.99 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.68 and a current ratio of 2.31. Advanced Micro Devices has a 52-week low of $76.48 and a 52-week high of $267.08. The company’s 50 day moving average price is $228.40 and its 200-day moving average price is $186.14. The stock has a market capitalization of $350.01 billion, a price-to-earnings ratio of 106.43, a P/E/G ratio of 1.59 and a beta of 1.93.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The company had revenue of $9.25 billion during the quarter, compared to analyst estimates of $8.76 billion. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. The firm’s revenue was up 35.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 EPS. Equities research analysts forecast that Advanced Micro Devices will post 3.87 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,108 shares of the stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $240.12, for a total value of $4,107,972.96. Following the completion of the transaction, the executive vice president directly owned 1,714,505 shares in the company, valued at $411,686,940.60. This trade represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ava Hahn sold 2,868 shares of Advanced Micro Devices stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $226.01, for a total transaction of $648,196.68. Following the transaction, the senior vice president directly owned 9,033 shares of the company’s stock, valued at approximately $2,041,548.33. This trade represents a 24.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 181,226 shares of company stock worth $39,877,820 in the last ninety days. 0.06% of the stock is owned by company insiders.

Hedge Funds Weigh In On Advanced Micro Devices

A number of institutional investors and hedge funds have recently made changes to their positions in AMD. Norges Bank bought a new position in Advanced Micro Devices during the 2nd quarter valued at approximately $3,094,662,000. Kingstone Capital Partners Texas LLC bought a new position in shares of Advanced Micro Devices during the second quarter valued at $958,422,000. Jennison Associates LLC bought a new position in shares of Advanced Micro Devices during the third quarter valued at $626,826,000. Wellington Management Group LLP raised its position in shares of Advanced Micro Devices by 335.9% in the 3rd quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer’s stock worth $784,330,000 after purchasing an additional 3,735,807 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in Advanced Micro Devices by 203.7% in the 3rd quarter. Nordea Investment Management AB now owns 3,905,148 shares of the semiconductor manufacturer’s stock worth $631,892,000 after purchasing an additional 2,619,294 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

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Advanced Micro Devices Company Profile

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Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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