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 note issued to investors on Thursday.

A number of other research firms also recently issued reports on AMD. Evercore ISI initiated coverage on shares of Advanced Micro Devices in a research report on Tuesday, April 16th. They set an “outperform” rating and a $200.00 target price on the stock. Roth Mkm upped their price objective on shares of Advanced Micro Devices from $125.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Susquehanna restated a “positive” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Thursday, April 4th. Mizuho upped their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Finally, New Street Research upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $185.59.

Advanced Micro Devices Trading Up 1.3 %

AMD traded up $2.02 during trading on Thursday, reaching $153.76. 41,077,391 shares of the company’s stock were exchanged, compared to its average volume of 73,156,063. Advanced Micro Devices has a one year low of $81.02 and a one year high of $227.30. 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 stock has a market capitalization of $248.50 billion, a PE ratio of 295.70, a price-to-earnings-growth ratio of 2.32 and a beta of 1.64. The firm has a fifty day moving average price of $177.79 and a two-hundred day moving average price of $149.92.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting 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 for the quarter, compared to analyst estimates of $6.13 billion. During the same period in the prior year, the firm posted $0.54 EPS. The company’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, equities research analysts forecast that Advanced Micro Devices will post 2.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The disclosure for this sale can be found here. Insiders sold 341,143 shares of company stock worth $62,580,844 in the last three months. 0.73% of the stock is owned by company insiders.

Institutional Trading of Advanced Micro Devices

Several institutional investors and hedge funds have recently made changes to their positions in the business. TRUE Private Wealth Advisors purchased a new position in Advanced Micro Devices in the first quarter valued at about $223,000. Ulland Investment Advisors LLC grew its stake in Advanced Micro Devices by 98.5% in the first quarter. Ulland Investment Advisors LLC now owns 655 shares of the semiconductor manufacturer’s stock valued at $118,000 after purchasing an additional 325 shares during the last quarter. Gainplan LLC purchased a new position in Advanced Micro Devices in the first quarter valued at about $771,000. Strategy Asset Managers LLC purchased a new position in Advanced Micro Devices in the first quarter valued at about $774,000. Finally, Bridges Investment Management Inc. acquired a new position in Advanced Micro Devices in the first quarter valued at approximately $228,000. 71.34% of the stock is currently owned by 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.