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

Advanced Micro Devices (NASDAQ:AMD) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Saturday.

AMD has been the subject of a number of other reports. Piper Sandler reiterated an “overweight” rating and set a $175.00 price objective (down from $195.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. JPMorgan Chase & Co. raised 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. Benchmark cut their price target on Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday. Truist Financial lowered their price objective on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating on the stock in a research report on Wednesday, May 1st. Finally, Bank of America increased their target price on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $184.24.

Advanced Micro Devices Trading Up 3.0 %

Shares of NASDAQ:AMD opened at $150.60 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.64. The stock has a market capitalization of $243.42 billion, a price-to-earnings ratio of 221.47, a PEG ratio of 2.36 and a beta of 1.66. The stock’s 50-day simple moving average is $175.41 and its two-hundred day simple moving average is $152.49. Advanced Micro Devices has a 52-week low of $81.11 and a 52-week high of $227.30.

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 the consensus estimate of $0.61 by $0.01. The business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 EPS. Analysts expect that Advanced Micro Devices will post 2.63 EPS for the current year.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $276,050,677.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the transaction, the chief executive officer now directly owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $177.57, for a total value of $2,876,634.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $276,050,677.14. The disclosure for this sale can be found here. Insiders sold a total of 181,850 shares of company stock worth $34,637,833 in the last quarter. 0.73% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brown Advisory Inc. boosted its stake in shares of Advanced Micro Devices by 22.9% during the third quarter. Brown Advisory Inc. now owns 27,490 shares of the semiconductor manufacturer’s stock valued at $2,827,000 after purchasing an additional 5,123 shares in the last quarter. Everhart Financial Group Inc. raised its position in shares of Advanced Micro Devices by 3.9% in the 3rd quarter. Everhart Financial Group Inc. now owns 8,357 shares of the semiconductor manufacturer’s stock worth $859,000 after acquiring an additional 310 shares in the last quarter. Hixon Zuercher LLC lifted its stake in shares of Advanced Micro Devices by 1.1% during the 3rd quarter. Hixon Zuercher LLC now owns 28,374 shares of the semiconductor manufacturer’s stock worth $2,917,000 after purchasing an additional 302 shares during the last quarter. JB Capital LLC bought a new stake in Advanced Micro Devices during the third quarter valued at about $2,872,000. Finally, Verdence Capital Advisors LLC grew its stake in Advanced Micro Devices by 50.9% in the third quarter. Verdence Capital Advisors LLC now owns 7,885 shares of the semiconductor manufacturer’s stock valued at $811,000 after purchasing an additional 2,660 shares during the last quarter. 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.