Advanced Micro Devices (NASDAQ:AMD) Cut 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 report report published on Thursday.

Several other brokerages have also recently issued reports on AMD. Mizuho lowered their price objective on shares of Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. TD Cowen lowered their price objective on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Wells Fargo & Company reissued an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Loop Capital started coverage on shares of Advanced Micro Devices in a research note on Tuesday, January 14th. They set a “buy” rating and a $175.00 price objective for the company. Finally, UBS Group set a $175.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus price target of $155.83.

Advanced Micro Devices Stock Up 1.5 %

AMD stock opened at $100.31 on Thursday. The stock has a market capitalization of $162.55 billion, a P/E ratio of 101.32, a PEG ratio of 1.11 and a beta of 1.74. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. Advanced Micro Devices has a one year low of $95.89 and a one year high of $227.30. The company has a 50 day moving average price of $114.39 and a two-hundred day moving average price of $135.13.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, sell-side analysts expect that Advanced Micro Devices will post 3.87 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Philip Guido bought 4,645 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Advanced Micro Devices

A number of institutional investors have recently modified their holdings of the stock. Probity Advisors Inc. raised its stake in shares of Advanced Micro Devices by 14.7% in the 4th quarter. Probity Advisors Inc. now owns 7,720 shares of the semiconductor manufacturer’s stock valued at $932,000 after purchasing an additional 992 shares in the last quarter. Audent Global Asset Management LLC raised its stake in shares of Advanced Micro Devices by 240.3% in the 4th quarter. Audent Global Asset Management LLC now owns 35,992 shares of the semiconductor manufacturer’s stock valued at $4,347,000 after purchasing an additional 25,414 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $52,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $186,718,000. Finally, Brooklyn FI LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $3,239,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

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.