Advanced Micro Devices (NASDAQ:AMD) Stock Rating Lowered by StockNews.com

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

Other research analysts have also recently issued research reports about the stock. Citigroup dropped their target price on shares of Advanced Micro Devices from $192.00 to $176.00 and set a "buy" rating for the company in a research report on Wednesday, May 1st. Piper Sandler reiterated an "overweight" rating and set a $175.00 target price (down previously from $195.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Truist Financial dropped their target price on shares of Advanced Micro Devices from $174.00 to $162.00 and set a "hold" rating for the company in a research report on Wednesday, May 1st. Susquehanna upped their target price on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a "positive" rating in a research report on Monday, June 10th. Finally, TD Cowen upped their target price on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus price target of $190.16.

Advanced Micro Devices Price Performance

Shares of AMD traded down $0.27 on Friday, hitting $159.63. The company's stock had a trading volume of 34,054,023 shares, compared to its average volume of 51,510,504. The company has a market capitalization of $258.01 billion, a PE ratio of 234.75, a PEG ratio of 1.85 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. Advanced Micro Devices has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The company has a 50 day moving average price of $159.73 and a 200 day moving average price of $162.67.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the business earned $0.43 EPS. Advanced Micro Devices's revenue was up 2.2% compared to the same quarter last year. On average, research analysts anticipate that Advanced Micro Devices will post 2.61 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company's stock, valued at approximately $255,343,378.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.73% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Chase Investment Counsel Corp increased its holdings in shares of Advanced Micro Devices by 0.7% during the fourth quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer's stock worth $1,772,000 after purchasing an additional 87 shares during the period. Washburn Capital Management Inc. bought a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $231,000. Pathway Financial Advisors LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $229,000. Independence Bank of Kentucky boosted its position in shares of Advanced Micro Devices by 84.1% during the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer's stock worth $541,000 after acquiring an additional 1,677 shares in the last quarter. Finally, Fortis Capital Advisors LLC boosted its position in shares of Advanced Micro Devices by 137.8% during the 4th quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor manufacturer's stock worth $1,840,000 after acquiring an additional 7,235 shares in the last quarter. 71.34% of the stock is 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.