Advanced Micro Devices (NASDAQ:AMD) Downgraded to “Peer Perform” Rating by Wolfe Research

Wolfe Research downgraded shares of Advanced Micro Devices (NASDAQ:AMDFree Report) from an outperform rating to a peer perform rating in a research report report published on Thursday morning, Marketbeat.com reports.

Several other analysts have also commented on AMD. Hsbc Global Res lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $180.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 30th. The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their target price for the company from $175.00 to $129.00 in a report on Friday, January 10th. Morgan Stanley dropped 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 report on Friday, December 20th. Finally, UBS Group dropped their target price on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $179.68.

Read Our Latest Analysis on AMD

Advanced Micro Devices Trading Down 1.3 %

AMD opened at $118.44 on Thursday. The firm has a market capitalization of $192.21 billion, a price-to-earnings ratio of 106.70, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The company’s 50 day simple moving average is $131.09 and its two-hundred day simple moving average is $145.76. Advanced Micro Devices has a 1-year low of $114.41 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting the consensus estimate of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 EPS. Analysts expect that Advanced Micro Devices will post 2.54 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 197,036 shares of company stock valued at $28,165,821. Company insiders own 0.73% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of large investors have recently bought and sold shares of the stock. Crossmark Global Holdings Inc. raised its stake in Advanced Micro Devices by 10.0% during the fourth quarter. Crossmark Global Holdings Inc. now owns 229,696 shares of the semiconductor manufacturer’s stock worth $27,744,000 after purchasing an additional 20,841 shares during the period. Reliant Investment Management LLC raised its stake in shares of Advanced Micro Devices by 3.0% in the 4th quarter. Reliant Investment Management LLC now owns 38,022 shares of the semiconductor manufacturer’s stock valued at $4,593,000 after acquiring an additional 1,115 shares during the period. ZWJ Investment Counsel Inc. raised its stake in shares of Advanced Micro Devices by 73.2% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 2,532 shares of the semiconductor manufacturer’s stock valued at $306,000 after acquiring an additional 1,070 shares during the period. Pure Financial Advisors LLC raised its stake in shares of Advanced Micro Devices by 2.4% in the 4th quarter. Pure Financial Advisors LLC now owns 4,238 shares of the semiconductor manufacturer’s stock valued at $512,000 after acquiring an additional 101 shares during the period. Finally, Abacus Wealth Partners LLC raised its stake in shares of Advanced Micro Devices by 2.1% in the 4th quarter. Abacus Wealth Partners LLC now owns 4,923 shares of the semiconductor manufacturer’s stock valued at $595,000 after acquiring an additional 102 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

(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.

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