Advanced Micro Devices (NASDAQ:AMD) Cut to “Sell” at StockNews.com

Advanced Micro Devices (NASDAQ:AMD) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other equities research analysts have also commented on the company. Piper Sandler restated an “overweight” rating and set a $175.00 price objective (down from $195.00) on shares of Advanced Micro Devices in a research report on Wednesday. TD Cowen raised their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Truist Financial decreased their price objective on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a research report on Wednesday. UBS Group decreased their price objective on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Morgan Stanley decreased their price objective on Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating for the company in a research report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus target price of $184.24.

Advanced Micro Devices Trading Up 3.0 %

Shares of AMD opened at $150.60 on Friday. The business’s 50-day moving average price is $175.93 and its 200 day moving average price is $151.50. The stock has a market capitalization of $243.39 billion, a P/E ratio of 221.47, a P/E/G ratio of 2.19 and a beta of 1.66. Advanced Micro Devices has a 1-year low of $81.11 and a 1-year high of $227.30. The company has a current ratio of 2.64, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. Advanced Micro Devices’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. Analysts expect that Advanced Micro Devices will post 2.64 earnings per share for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $177.57, for a total value of $2,876,634.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $276,050,677.14. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $177.57, for a total value of $2,876,634.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $276,050,677.14. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The disclosure for this sale can be found here. Insiders have sold a total of 181,850 shares of company stock valued at $34,637,833 in the last three months. Company insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

A number of institutional investors and hedge funds have recently modified their holdings of AMD. Brown Advisory Inc. increased its position in shares of Advanced Micro Devices by 22.9% during the third quarter. Brown Advisory Inc. now owns 27,490 shares of the semiconductor manufacturer’s stock valued at $2,827,000 after purchasing an additional 5,123 shares during the period. Everhart Financial Group Inc. boosted its stake in Advanced Micro Devices by 3.9% in the 3rd quarter. Everhart Financial Group Inc. now owns 8,357 shares of the semiconductor manufacturer’s stock valued at $859,000 after buying an additional 310 shares in the last quarter. Hixon Zuercher LLC boosted its stake in Advanced Micro Devices by 1.1% in the 3rd quarter. Hixon Zuercher LLC now owns 28,374 shares of the semiconductor manufacturer’s stock valued at $2,917,000 after buying an additional 302 shares in the last quarter. JB Capital LLC acquired a new stake in Advanced Micro Devices in the 3rd quarter valued at $2,872,000. Finally, Verdence Capital Advisors LLC boosted its stake in Advanced Micro Devices by 50.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 7,885 shares of the semiconductor manufacturer’s stock valued at $811,000 after buying an additional 2,660 shares in the last quarter. 71.34% of the stock is currently 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.