BidaskClub Downgrades Advanced Micro Devices (AMD) to Sell

Advanced Micro Devices (NASDAQ:AMD) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

A number of other equities research analysts also recently issued reports on the stock. Jefferies Group reiterated a “buy” rating and issued a $19.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, October 25th. BNP Paribas upgraded shares of Advanced Micro Devices from a “neutral” rating to an “outperform” rating in a research report on Thursday, October 12th. Bank of America reiterated a “buy” rating on shares of Advanced Micro Devices in a research report on Sunday, October 1st. TheStreet upgraded shares of Advanced Micro Devices from a “d” rating to a “c-” rating in a research report on Tuesday, October 24th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $6.00 target price on shares of Advanced Micro Devices in a research report on Thursday, August 31st. Seven equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $14.02.

Shares of Advanced Micro Devices (NASDAQ AMD) opened at $10.00 on Tuesday. The company has a current ratio of 1.70, a quick ratio of 1.20 and a debt-to-equity ratio of 2.61. Advanced Micro Devices has a 12-month low of $9.24 and a 12-month high of $15.65.

In related news, CEO Lisa T. Su sold 325,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $12.46, for a total value of $4,049,500.00. Following the transaction, the chief executive officer now directly owns 2,037,139 shares in the company, valued at approximately $25,382,751.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Forrest Eugene Norrod sold 62,500 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $12.27, for a total transaction of $766,875.00. Following the completion of the transaction, the senior vice president now owns 731,461 shares in the company, valued at $8,975,026.47. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,274,783 shares of company stock worth $15,346,419. 1.60% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Coldstream Capital Management Inc. boosted its holdings in Advanced Micro Devices by 0.3% in the 2nd quarter. Coldstream Capital Management Inc. now owns 20,735 shares of the semiconductor manufacturer’s stock valued at $259,000 after purchasing an additional 60 shares during the period. Wealthfront Inc. boosted its holdings in Advanced Micro Devices by 0.5% in the 2nd quarter. Wealthfront Inc. now owns 20,050 shares of the semiconductor manufacturer’s stock valued at $250,000 after purchasing an additional 104 shares during the period. Neuberger Berman Group LLC boosted its holdings in Advanced Micro Devices by 0.4% in the 2nd quarter. Neuberger Berman Group LLC now owns 70,113 shares of the semiconductor manufacturer’s stock valued at $875,000 after purchasing an additional 272 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Advanced Micro Devices by 0.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 57,571 shares of the semiconductor manufacturer’s stock valued at $718,000 after purchasing an additional 348 shares during the period. Finally, National Planning Corp boosted its holdings in Advanced Micro Devices by 4.9% in the 2nd quarter. National Planning Corp now owns 12,890 shares of the semiconductor manufacturer’s stock valued at $157,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 60.02% of the company’s stock.

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Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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