Advanced Micro Devices (AMD) Downgraded to Sell at BidaskClub

BidaskClub lowered shares of Advanced Micro Devices (NASDAQ:AMD) from a hold rating to a sell rating in a report published on Tuesday morning.

Several other equities analysts have also commented on AMD. Bank of America restated a buy rating and set a $18.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 16th. Barclays restated an underweight rating and set a $9.00 price target on shares of Advanced Micro Devices in a research note on Thursday, August 10th. Mizuho reiterated a buy rating and issued a $17.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, November 28th. Canaccord Genuity reiterated a buy rating and issued a $20.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, August 15th. Finally, Wells Fargo & Company reiterated an outperform rating on shares of Advanced Micro Devices in a research note on Thursday, August 10th. Seven analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Advanced Micro Devices currently has an average rating of Hold and an average price target of $14.02.

Advanced Micro Devices (AMD) opened at $9.91 on Tuesday. The company has a current ratio of 1.70, a quick ratio of 1.20 and a debt-to-equity ratio of 2.61. Advanced Micro Devices has a 52 week low of $8.82 and a 52 week high of $15.65.

In other Advanced Micro Devices news, insider Darla M. Smith sold 27,288 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $11.13, for a total value of $303,715.44. Following the completion of the sale, the insider now owns 31,236 shares of the company’s stock, valued at $347,656.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Darla M. Smith sold 18,001 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $11.37, for a total value of $204,671.37. Following the completion of the sale, the chief accounting officer now directly owns 19,078 shares of the company’s stock, valued at approximately $216,916.86. The disclosure for this sale can be found here. In the last three months, insiders sold 1,274,783 shares of company stock valued at $15,346,419. Corporate insiders own 1.60% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Belpointe Asset Management LLC acquired a new stake in shares of Advanced Micro Devices during the third quarter worth about $945,000. Cetera Investment Advisers acquired a new stake in shares of Advanced Micro Devices during the third quarter worth about $137,000. Independent Advisor Alliance acquired a new stake in shares of Advanced Micro Devices during the third quarter worth about $215,000. Neuberger Berman Group LLC lifted its holdings in shares of Advanced Micro Devices by 8.8% during the third quarter. Neuberger Berman Group LLC now owns 76,294 shares of the semiconductor manufacturer’s stock worth $973,000 after purchasing an additional 6,181 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in shares of Advanced Micro Devices by 4.8% during the third quarter. California Public Employees Retirement System now owns 1,522,529 shares of the semiconductor manufacturer’s stock worth $19,412,000 after purchasing an additional 69,729 shares during the period. 60.02% of the stock is owned by hedge funds and other institutional investors.

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About Advanced Micro Devices

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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