Advanced Micro Devices (NASDAQ:AMD) Shares Down 1.9% on Analyst Downgrade

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price dropped 1.9% during mid-day trading on Thursday after Mizuho lowered their price target on the stock from $160.00 to $140.00. Mizuho currently has an outperform rating on the stock. Advanced Micro Devices traded as low as $109.02 and last traded at $109.94. Approximately 19,423,878 shares changed hands during trading, a decline of 54% from the average daily volume of 42,099,637 shares. The stock had previously closed at $112.01.

Several other research firms also recently commented on AMD. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. Wells Fargo & Company decreased their price target on shares of Advanced Micro Devices from $165.00 to $140.00 and set an “overweight” rating on the stock in a research note on Wednesday. Barclays cut their price objective on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Cantor Fitzgerald restated an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Finally, Morgan Stanley decreased their price objective on Advanced Micro Devices from $158.00 to $147.00 and set an “equal weight” rating on the stock in a report on Tuesday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $161.30.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.65% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Several large investors have recently modified their holdings of AMD. Bedel Financial Consulting Inc. increased its holdings in Advanced Micro Devices by 20.5% during the fourth quarter. Bedel Financial Consulting Inc. now owns 2,798 shares of the semiconductor manufacturer’s stock valued at $313,000 after buying an additional 476 shares during the period. Bravias Capital Group LLC bought a new stake in Advanced Micro Devices during the 4th quarter valued at $510,000. Detalus Advisors LLC increased its holdings in shares of Advanced Micro Devices by 10.0% in the 4th quarter. Detalus Advisors LLC now owns 1,778 shares of the semiconductor manufacturer’s stock valued at $215,000 after acquiring an additional 162 shares during the period. Silver Coast Investments LLC raised its position in shares of Advanced Micro Devices by 20.4% in the 4th quarter. Silver Coast Investments LLC now owns 1,732 shares of the semiconductor manufacturer’s stock worth $209,000 after acquiring an additional 293 shares in the last quarter. Finally, Auxano Advisors LLC lifted its stake in shares of Advanced Micro Devices by 29.3% during the 4th quarter. Auxano Advisors LLC now owns 1,991 shares of the semiconductor manufacturer’s stock worth $240,000 after purchasing an additional 451 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

The business has a 50-day moving average of $124.53 and a two-hundred day moving average of $140.39. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The company has a market cap of $178.42 billion, a P/E ratio of 99.04, a P/E/G ratio of 1.03 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.19). Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

About Advanced Micro Devices

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.