Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 0.2% on Analyst Downgrade

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) traded down 0.2% during trading on Thursday after Benchmark lowered their price target on the stock from $245.00 to $200.00. Benchmark currently has a buy rating on the stock. Advanced Micro Devices traded as low as $141.16 and last traded at $143.95. 22,294,568 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 71,857,984 shares. The stock had previously closed at $144.27.

Several other equities analysts have also weighed in on the stock. Bank of America increased their price objective on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Barclays increased their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Morgan Stanley dropped their price objective on shares of Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th. DZ Bank reissued a “hold” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, March 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus price target of $184.24.

Insider Buying and Selling at Advanced Micro Devices

In other news, Director Joseph A. Householder sold 6,572 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the sale, the director now directly owns 2,197 shares in the company, valued at approximately $457,151.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Joseph A. Householder sold 6,572 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the sale, the director now directly owns 2,197 shares in the company, valued at approximately $457,151.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The disclosure for this sale can be found here. Insiders have sold a total of 181,850 shares of company stock valued at $34,637,833 in the last ninety days. 0.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Several hedge funds have recently added to or reduced their stakes in the business. Brown Advisory Inc. lifted its position in shares of Advanced Micro Devices by 22.9% in the 3rd quarter. Brown Advisory Inc. now owns 27,490 shares of the semiconductor manufacturer’s stock worth $2,827,000 after purchasing an additional 5,123 shares during the period. Segment Wealth Management LLC boosted its holdings in Advanced Micro Devices by 442.8% during the 3rd quarter. Segment Wealth Management LLC now owns 10,683 shares of the semiconductor manufacturer’s stock worth $1,098,000 after acquiring an additional 8,715 shares during the last quarter. Kennedy Investment Group boosted its holdings in Advanced Micro Devices by 160.0% during the 3rd quarter. Kennedy Investment Group now owns 4,977 shares of the semiconductor manufacturer’s stock worth $512,000 after acquiring an additional 3,063 shares during the last quarter. Sage Mountain Advisors LLC boosted its holdings in Advanced Micro Devices by 10.5% during the 3rd quarter. Sage Mountain Advisors LLC now owns 5,817 shares of the semiconductor manufacturer’s stock worth $598,000 after acquiring an additional 552 shares during the last quarter. Finally, BNC Wealth Management LLC boosted its holdings in Advanced Micro Devices by 3.1% during the 3rd quarter. BNC Wealth Management LLC now owns 37,388 shares of the semiconductor manufacturer’s stock worth $3,844,000 after acquiring an additional 1,121 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Up 3.0 %

The stock’s fifty day moving average is $175.93 and its two-hundred day moving average is $151.50. The company has a current ratio of 2.64, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $243.39 billion, a PE ratio of 221.47, a P/E/G ratio of 2.19 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly 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 company 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 quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. As a group, analysts predict that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

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.