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

StockNews.com lowered shares of Advanced Micro Devices (NASDAQ:AMDFree Report) from a hold rating to a sell rating in a research note issued to investors on Saturday.

AMD has been the topic of several other reports. Barclays upped their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company an overweight rating in a report on Monday, March 4th. HSBC upgraded shares of Advanced Micro Devices from a hold rating to a buy rating and upped their price objective for the company from $180.00 to $225.00 in a report on Tuesday, April 16th. UBS Group decreased their price objective on shares of Advanced Micro Devices from $205.00 to $200.00 and set a buy rating on the stock in a report on Wednesday, May 1st. Wedbush reiterated an outperform rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Finally, Susquehanna upped their price objective on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a positive rating in a report on Monday, June 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $190.83.

Read Our Latest Report on Advanced Micro Devices

Advanced Micro Devices Price Performance

Shares of AMD opened at $154.63 on Friday. The company has a market cap of $249.93 billion, a price-to-earnings ratio of 227.40, a PEG ratio of 1.85 and a beta of 1.69. Advanced Micro Devices has a 1-year low of $93.11 and a 1-year high of $227.30. The company’s fifty day simple moving average is $159.18 and its 200 day simple moving average is $163.44. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last issued its 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 business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 earnings per share. On average, research analysts forecast that Advanced Micro Devices will post 2.61 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.65% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of large investors have recently modified their holdings of AMD. PNC Financial Services Group Inc. increased its position in shares of Advanced Micro Devices by 0.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 281,638 shares of the semiconductor manufacturer’s stock valued at $28,958,000 after purchasing an additional 988 shares during the last quarter. Johnson Investment Counsel Inc. increased its position in shares of Advanced Micro Devices by 40.8% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 6,914 shares of the semiconductor manufacturer’s stock valued at $711,000 after purchasing an additional 2,002 shares during the last quarter. Kestra Advisory Services LLC increased its position in shares of Advanced Micro Devices by 10.3% during the 3rd quarter. Kestra Advisory Services LLC now owns 87,650 shares of the semiconductor manufacturer’s stock valued at $9,012,000 after purchasing an additional 8,212 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at $13,336,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in Advanced Micro Devices in the 3rd quarter worth about $7,718,000. 71.34% of the stock is currently owned by institutional investors.

About Advanced Micro Devices

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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