StockNews.com Downgrades Advanced Micro Devices (NASDAQ:AMD) to Sell

Advanced Micro Devices (NASDAQ:AMD) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

AMD has been the subject of a number of other reports. Northland Securities raised shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price target for the company in a research note on Wednesday, January 31st. TD Cowen boosted their price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Morgan Stanley boosted their price target on shares of Advanced Micro Devices from $128.00 to $193.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Mizuho boosted their price target on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Finally, HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their price target for the stock from $180.00 to $225.00 in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $185.59.

Advanced Micro Devices Trading Up 2.4 %

Shares of NASDAQ AMD opened at $157.40 on Thursday. Advanced Micro Devices has a 1-year low of $81.02 and a 1-year high of $227.30. The company has a market cap of $254.38 billion, a PE ratio of 302.70, a P/E/G ratio of 2.31 and a beta of 1.64. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average of $177.46 and a two-hundred day moving average of $150.27.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. During the same period in the previous year, the firm posted $0.54 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. As a group, equities analysts expect that Advanced Micro Devices will post 2.64 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the transaction, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The disclosure for this sale can be found here. Insiders sold 341,143 shares of company stock worth $62,580,844 over the last quarter. 0.73% of the stock is currently owned by company insiders.

Institutional Trading of Advanced Micro Devices

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMD. Tradewinds Capital Management LLC raised its position in Advanced Micro Devices by 102.9% during the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 71 shares in the last quarter. Peoples Bank KS bought a new stake in Advanced Micro Devices during the third quarter worth $26,000. Spartan Planning & Wealth Management bought a new stake in Advanced Micro Devices during the third quarter worth $27,000. Northwest Bank & Trust Co bought a new stake in Advanced Micro Devices during the fourth quarter worth $28,000. Finally, Bare Financial Services Inc bought a new stake in Advanced Micro Devices during the fourth quarter worth $29,000. 71.34% of the stock is owned by institutional investors.

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.