Advanced Micro Devices (NASDAQ:AMD) Lowered to "Sell" Rating by StockNews.com

StockNews.com cut shares of Advanced Micro Devices (NASDAQ:AMD - Free Report) from a hold rating to a sell rating in a research report report published on Tuesday morning.

A number of other research firms also recently weighed in on AMD. Morgan Stanley decreased their target price on shares of Advanced Micro Devices from $169.00 to $158.00 and set an "equal weight" rating for the company in a research report on Friday, December 20th. Roth Mkm reiterated a "buy" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, October 11th. Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price objective on shares of Advanced Micro Devices in a report on Monday, October 28th. UBS Group decreased their price target on Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Finally, TD Cowen reduced their price objective on shares of Advanced Micro Devices from $185.00 to $150.00 and set a "buy" rating for the company in a research report on Monday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and an average target price of $179.68.

Advanced Micro Devices Stock Down 1.0 %

NASDAQ AMD traded down $1.23 during trading hours on Tuesday, reaching $116.09. 36,882,206 shares of the company's stock were exchanged, compared to its average volume of 42,553,082. Advanced Micro Devices has a one year low of $114.41 and a one year high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The company's 50-day moving average is $131.60 and its two-hundred day moving average is $145.95. The company has a market capitalization of $188.39 billion, a price-to-earnings ratio of 104.59, a price-to-earnings-growth ratio of 1.88 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the prior year, the firm posted $0.53 EPS. The firm's revenue for the quarter was up 17.6% compared to the same quarter last year. On average, analysts forecast that Advanced Micro Devices will post 2.54 EPS for the current fiscal year.

Insider Activity

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares of the company's stock, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the business's stock in a transaction that occurred on 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock worth $28,165,821 over the last quarter. Corporate insiders own 0.73% of the company's stock.

Institutional Investors Weigh In On Advanced Micro Devices

Several institutional investors have recently bought and sold shares of AMD. Creative Capital Management Investments LLC raised its holdings in Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock valued at $25,000 after acquiring an additional 86 shares in the last quarter. ZRC Wealth Management LLC increased its position in shares of Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock worth $26,000 after buying an additional 75 shares during the period. Global Wealth Strategies & Associates bought a new stake in Advanced Micro Devices in the fourth quarter worth approximately $26,000. Fairway Wealth LLC bought a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at $27,000. Finally, Abich Financial Wealth Management LLC grew its stake in shares of Advanced Micro Devices by 101.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer's stock valued at $36,000 after buying an additional 111 shares during the period. Institutional investors own 71.34% of the company's stock.

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.