Advanced Micro Devices (NASDAQ:AMD) Upgraded to “Hold” at StockNews.com

Advanced Micro Devices (NASDAQ:AMD) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

AMD has been the topic of several other reports. Roth Capital set a $140.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. The Goldman Sachs Group cut shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Morgan Stanley set a $137.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. DZ Bank cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a report on Friday, February 7th. Finally, Summit Insights upgraded shares of Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, ten 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $155.14.

Advanced Micro Devices Trading Down 1.0 %

AMD stock traded down $1.08 during trading on Tuesday, hitting $103.51. The company had a trading volume of 27,111,935 shares, compared to its average volume of 44,133,864. The firm has a market capitalization of $167.74 billion, a P/E ratio of 104.56, a PEG ratio of 1.11 and a beta of 1.74. Advanced Micro Devices has a 52-week low of $94.73 and a 52-week high of $187.69. The company has a 50 day simple moving average of $111.08 and a 200-day simple moving average of $132.53. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (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, research analysts forecast that Advanced Micro Devices will post 3.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction on Friday, February 7th. The stock was bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.73% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Several institutional investors have recently made changes to their positions in the company. 111 Capital purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $808,000. NorthCrest Asset Manangement LLC increased its holdings in shares of 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 valued at $18,287,000 after purchasing an additional 4,054 shares in the last quarter. PKO Investment Management Joint Stock Co purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $13,166,000. Lighthouse Financial LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $702,000. Finally, Probity Advisors Inc. increased its holdings in shares of Advanced Micro Devices by 14.7% during 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. 71.34% of the stock is owned by hedge funds and other institutional investors.

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.