Advanced Micro Devices (NASDAQ:AMD) Lowered to “Sell” at StockNews.com

StockNews.com lowered shares of Advanced Micro Devices (NASDAQ:AMD) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.

A number of other equities research analysts have also recently commented on the stock. Citigroup increased their target price on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the company a buy rating in a research report on Monday, July 15th. Rosenblatt Securities reissued a buy rating and set a $250.00 price objective on shares of Advanced Micro Devices in a report on Wednesday. DZ Bank raised shares of Advanced Micro Devices from a hold rating to a buy rating and set a $190.00 price objective on the stock in a report on Tuesday, May 7th. Benchmark cut their price objective on shares of Advanced Micro Devices from $245.00 to $200.00 and set a buy rating on the stock in a report on Thursday, May 2nd. Finally, Wells Fargo & Company raised their target price on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the stock an overweight rating in a research report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $193.45.

Advanced Micro Devices Trading Down 0.0 %

NASDAQ AMD opened at $132.50 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.82. The company has a market capitalization of $214.45 billion, a price-to-earnings ratio of 194.86, a price-to-earnings-growth ratio of 1.79 and a beta of 1.69. The company’s 50-day simple moving average is $160.41 and its two-hundred day simple moving average is $167.82. Advanced Micro Devices has a one year low of $93.11 and a one year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. Advanced Micro Devices’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.40 EPS. Equities analysts forecast that Advanced Micro Devices will post 2.58 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction on 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 completion of the sale, the executive vice president now owns 1,546,227 shares in the company, valued at $285,278,881.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at $285,278,881.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 $245,757,319.38. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Several hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $3,426,529,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Advanced Micro Devices by 813.3% in 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 valued at $685,089,000 after purchasing an additional 4,138,612 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Advanced Micro Devices by 15,896.5% in the fourth quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock valued at $550,935,000 after purchasing an additional 3,714,069 shares during the last quarter. Capital World Investors lifted its position in shares of 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 acquiring an additional 2,982,704 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of 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 acquiring an additional 2,979,204 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

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.