Advanced Micro Devices (NASDAQ:AMD) Upgraded to “Hold” by BidaskClub

BidaskClub upgraded shares of Advanced Micro Devices (NASDAQ:AMD) from a sell rating to a hold rating in a report published on Friday, January 5th.

A number of other research analysts have also issued reports on the company. Jefferies Group reaffirmed a buy rating and set a $19.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 25th. BNP Paribas raised Advanced Micro Devices from a neutral rating to an outperform rating in a report on Thursday, October 12th. Bank of America reaffirmed a buy rating on shares of Advanced Micro Devices in a report on Sunday, October 1st. TheStreet raised Advanced Micro Devices from a d rating to a c- rating in a report on Tuesday, October 24th. Finally, Mizuho reaffirmed a buy rating and set a $17.00 target price on shares of Advanced Micro Devices in a report on Tuesday, November 28th. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have assigned a buy rating to the company. Advanced Micro Devices currently has an average rating of Hold and an average price target of $14.59.

Shares of Advanced Micro Devices (NASDAQ:AMD) traded up $0.37 on Friday, hitting $13.32. The stock had a trading volume of 66,205,061 shares, compared to its average volume of 48,420,000. The firm has a market capitalization of $12,850.00, a price-to-earnings ratio of -166.50, a price-to-earnings-growth ratio of 6.75 and a beta of 2.47. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.70 and a quick ratio of 1.20. Advanced Micro Devices has a 52 week low of $9.70 and a 52 week high of $15.65.

In other Advanced Micro Devices news, CEO Lisa T. Su sold 300,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $12.04, for a total transaction of $3,612,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,157,362 shares in the company, valued at approximately $25,974,638.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mark D. Papermaster sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $10.51, for a total value of $210,200.00. Following the sale, the senior vice president now owns 945,189 shares of the company’s stock, valued at $9,933,936.39. The disclosure for this sale can be found here. Insiders sold a total of 1,739,990 shares of company stock valued at $19,644,953 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Baillie Gifford & Co. purchased a new stake in shares of Advanced Micro Devices during the 2nd quarter worth about $184,767,000. Vanguard Group Inc. raised its stake in shares of Advanced Micro Devices by 6.6% during the 2nd quarter. Vanguard Group Inc. now owns 93,092,619 shares of the semiconductor manufacturer’s stock worth $1,161,796,000 after purchasing an additional 5,797,819 shares in the last quarter. CI Investments Inc. raised its stake in shares of Advanced Micro Devices by 312.3% during the 3rd quarter. CI Investments Inc. now owns 7,322,893 shares of the semiconductor manufacturer’s stock worth $93,367,000 after purchasing an additional 5,546,993 shares in the last quarter. American Century Companies Inc. purchased a new stake in shares of Advanced Micro Devices during the 3rd quarter worth about $49,674,000. Finally, Janus Henderson Group PLC raised its stake in shares of Advanced Micro Devices by 3,815.8% during the 2nd quarter. Janus Henderson Group PLC now owns 3,833,805 shares of the semiconductor manufacturer’s stock worth $47,845,000 after purchasing an additional 3,735,900 shares in the last quarter. Hedge funds and other institutional investors own 60.88% of the company’s stock.

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About Advanced Micro Devices

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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