Summit Insights Upgrades Advanced Micro Devices (NASDAQ:AMD) to “Hold”

Summit Insights upgraded shares of Advanced Micro Devices (NASDAQ:AMD) to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

AMD has been the topic of a number of other research reports. Stifel Nicolaus lowered their price objective on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday. HSBC reissued a “reduce” rating and set a $110.00 price target (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Evercore ISI lifted their price objective on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Wedbush reissued an “outperform” rating and issued a $150.00 target price on shares of Advanced Micro Devices in a report on Wednesday. Finally, Citigroup dropped their price target on shares of Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $161.30.

Advanced Micro Devices Trading Down 6.3 %

NASDAQ:AMD opened at $112.01 on Tuesday. The firm has a market capitalization of $181.77 billion, a P/E ratio of 100.91, a PEG ratio of 1.03 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. Advanced Micro Devices has a one year low of $106.50 and a one year high of $227.30. The company’s 50-day simple moving average is $125.02 and its 200 day simple moving average is $140.59.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share (EPS) 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%. As a group, analysts forecast that Advanced Micro Devices will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.65% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in shares of Advanced Micro Devices by 102.6% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,468 shares of the semiconductor manufacturer’s stock worth $733,000 after acquiring an additional 2,263 shares in the last quarter. CWM LLC lifted its position in shares of Advanced Micro Devices by 2.5% during the 3rd quarter. CWM LLC now owns 211,970 shares of the semiconductor manufacturer’s stock valued at $34,780,000 after buying an additional 5,256 shares in the last quarter. Marcum Wealth LLC grew its stake in Advanced Micro Devices by 9.8% in the 3rd quarter. Marcum Wealth LLC now owns 3,444 shares of the semiconductor manufacturer’s stock valued at $565,000 after acquiring an additional 307 shares during the period. Wedmont Private Capital increased its holdings in Advanced Micro Devices by 2.6% in the 3rd quarter. Wedmont Private Capital now owns 20,044 shares of the semiconductor manufacturer’s stock worth $3,427,000 after acquiring an additional 510 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. grew its position in shares of Advanced Micro Devices by 2.6% in the third quarter. Sanibel Captiva Trust Company Inc. now owns 141,810 shares of the semiconductor manufacturer’s stock valued at $23,268,000 after purchasing an additional 3,651 shares during the period. 71.34% of the stock is currently owned by hedge funds and other 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.