Advanced Micro Devices (NASDAQ:AMD) Downgraded to Hold Rating by Jefferies Financial Group

Advanced Micro Devices (NASDAQ:AMD) was downgraded by equities researchers at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note issued on Thursday,Briefing.com Automated Import reports. They currently have a $120.00 price objective on the semiconductor manufacturer’s stock, down from their previous price objective of $135.00. Jefferies Financial Group’s target price suggests a potential upside of 8.90% from the stock’s previous close.

A number of other research firms have also recently weighed in on AMD. Wells Fargo & Company reiterated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Stifel Nicolaus cut their price target on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. UBS Group set a $175.00 price target on Advanced Micro Devices in a report on Wednesday, February 5th. Rosenblatt Securities restated a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, February 4th. Finally, Barclays reduced their target price on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $152.72.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $110.19 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The company has a market cap of $178.56 billion, a price-to-earnings ratio of 111.30, a PEG ratio of 1.11 and a beta of 1.74. Advanced Micro Devices has a 1 year low of $94.73 and a 1 year high of $187.28. The stock’s 50 day simple moving average is $109.99 and its two-hundred day simple moving average is $131.31.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, equities analysts anticipate that Advanced Micro Devices will post 3.87 earnings per share for the current fiscal year.

Insider Activity

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

A number of hedge funds have recently modified their holdings of AMD. Mascagni Wealth Management Inc. acquired a new position in Advanced Micro Devices in the 4th quarter worth about $50,000. Prostatis Group LLC raised its position in shares of Advanced Micro Devices by 6.8% during the 4th quarter. Prostatis Group LLC now owns 3,026 shares of the semiconductor manufacturer’s stock worth $366,000 after purchasing an additional 192 shares during the last quarter. Fairtree Asset Management Pty Ltd purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $660,000. 111 Capital acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth approximately $808,000. Finally, NorthCrest Asset Manangement LLC boosted its stake in Advanced Micro Devices by 2.8% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 151,395 shares of the semiconductor manufacturer’s stock worth $18,287,000 after purchasing an additional 4,054 shares during the last quarter. Hedge funds and other institutional investors 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.