Advanced Micro Devices (NASDAQ:AMD) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Wednesday.
Several other equities analysts have also commented on the stock. Bank of America restated a “positive” rating and issued a $11.52 price objective (down from $18.00) on shares of Advanced Micro Devices in a report on Tuesday. Vetr lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “buy” rating and set a $13.62 price objective on the stock. in a report on Thursday, March 8th. ValuEngine lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. Zacks Investment Research lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Finally, Argus upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and upped their price objective for the stock from $13.74 to $18.00 in a report on Thursday, February 1st. Six investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $14.62.
Shares of Advanced Micro Devices (NASDAQ AMD) opened at $11.46 on Wednesday. Advanced Micro Devices has a one year low of $9.70 and a one year high of $15.65. The company has a quick ratio of 1.27, a current ratio of 1.76 and a debt-to-equity ratio of 2.17. The firm has a market cap of $11,009.34, a P/E ratio of 382.00, a PEG ratio of 4.91 and a beta of 2.73.
Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. Advanced Micro Devices had a net margin of 0.81% and a return on equity of 16.76%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the company posted ($0.01) EPS. The business’s revenue for the quarter was up 33.8% on a year-over-year basis. sell-side analysts forecast that Advanced Micro Devices will post 0.3 earnings per share for the current year.
In other Advanced Micro Devices news, CFO Devinder Kumar sold 140,473 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $12.45, for a total value of $1,748,888.85. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Lisa T. Su sold 100,000 shares of the stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $12.00, for a total transaction of $1,200,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,268,240 shares of company stock worth $15,043,368. 1.60% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the business. Bronfman E.L. Rothschild L.P. increased its position in shares of Advanced Micro Devices by 1,655.2% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock valued at $111,000 after purchasing an additional 8,243 shares during the last quarter. NINE MASTS CAPITAL Ltd purchased a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $102,000. 1492 Capital Management LLC purchased a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at approximately $128,000. Chilton Investment Co. LLC purchased a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $103,000. Finally, Stone Ridge Asset Management LLC purchased a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $104,000. 62.13% of the stock is currently owned by institutional investors.
Advanced Micro Devices Company Profile
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.
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