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

StockNews.com cut shares of Advanced Micro Devices (NASDAQ:AMD) from a hold rating to a sell rating in a report published on Thursday morning.

AMD has been the topic of several other research reports. Melius Research raised shares of Advanced Micro Devices from a hold rating to a buy rating and set a $188.00 target price on the stock in a report on Monday, January 8th. The Goldman Sachs Group raised their target price on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the company a buy rating in a report on Wednesday, January 31st. DZ Bank reaffirmed a hold rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Thursday, March 7th. Bank of America increased their price target on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a buy rating in a research note on Monday, January 29th. Finally, Susquehanna reiterated a positive rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $185.59.

Advanced Micro Devices Stock Up 2.4 %

Shares of AMD opened at $157.40 on Thursday. The stock has a market capitalization of $254.38 billion, a PE ratio of 302.70, a P/E/G ratio of 2.34 and a beta of 1.64. Advanced Micro Devices has a 1 year low of $81.02 and a 1 year high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The company’s 50-day simple moving average is $177.46 and its 200-day simple moving average is $150.55.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.77. The business had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 earnings per share. Analysts forecast that Advanced Micro Devices will post 2.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $628,753,739.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the transaction, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Joseph A. Householder sold 6,572 shares of the company’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 completion of the transaction, the director now directly owns 2,197 shares in the company, valued at $457,151.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 341,143 shares of company stock worth $62,580,844. 0.73% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Advanced Micro Devices

A number of institutional investors have recently made changes to their positions in AMD. Tradewinds Capital Management LLC increased its holdings in shares of Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 71 shares during the last quarter. Peoples Bank KS bought a new position in shares of Advanced Micro Devices in the third quarter worth $26,000. Spartan Planning & Wealth Management bought a new position in shares of Advanced Micro Devices in the third quarter worth $27,000. Northwest Bank & Trust Co bought a new position in shares of Advanced Micro Devices in the fourth quarter worth $28,000. Finally, Bare Financial Services Inc bought a new position in shares of Advanced Micro Devices in the fourth quarter worth $29,000. 71.34% of the stock is currently 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.