Advanced Micro Devices (NASDAQ:AMD) Upgraded to Hold at Summit Insights

Summit Insights upgraded shares of Advanced Micro Devices (NASDAQ:AMD) to a hold rating in a report released on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on the stock. Susquehanna reduced their target price on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a research report on Wednesday. Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research report on Tuesday. Wolfe Research downgraded shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 16th. KeyCorp cut their price target on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Wedbush restated an “outperform” rating and set a $150.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $161.30.

Advanced Micro Devices Stock Down 6.3 %

AMD stock opened at $112.01 on Tuesday. The business has a 50-day moving average of $125.02 and a 200-day moving average of $140.59. Advanced Micro Devices has a fifty-two week low of $106.50 and a fifty-two week high of $227.30. The stock has a market capitalization of $181.77 billion, a P/E ratio of 100.91, a P/E/G 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.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.19). Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. On average, sell-side analysts anticipate that Advanced Micro Devices will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.65% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in shares of Advanced Micro Devices by 102.6% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,468 shares of the semiconductor manufacturer’s stock worth $733,000 after buying an additional 2,263 shares during the last quarter. CWM LLC lifted its position in Advanced Micro Devices by 2.5% in the 3rd quarter. CWM LLC now owns 211,970 shares of the semiconductor manufacturer’s stock worth $34,780,000 after buying an additional 5,256 shares during the last quarter. Marcum Wealth LLC boosted its stake in Advanced Micro Devices by 9.8% in the third quarter. Marcum Wealth LLC now owns 3,444 shares of the semiconductor manufacturer’s stock worth $565,000 after buying an additional 307 shares in the last quarter. Wedmont Private Capital grew its position in Advanced Micro Devices by 2.6% during the third quarter. Wedmont Private Capital now owns 20,044 shares of the semiconductor manufacturer’s stock valued at $3,427,000 after acquiring an additional 510 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. grew its holdings in shares of Advanced Micro Devices by 2.6% during the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 141,810 shares of the semiconductor manufacturer’s stock valued at $23,268,000 after purchasing an additional 3,651 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other 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.