Advanced Micro Devices (NASDAQ:AMD) Downgraded by Wolfe Research to "Peer Perform"

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) was downgraded by research analysts at Wolfe Research from an "outperform" rating to a "peer perform" rating in a research note issued to investors on Thursday, Marketbeat.com reports.

Several other equities analysts also recently commented on the stock. UBS Group lowered their target price on shares of Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. HSBC reissued a "reduce" rating and set a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. StockNews.com lowered Advanced Micro Devices from a "hold" rating to a "sell" rating in a report on Tuesday. Bank of America downgraded Advanced Micro Devices from a "buy" rating to a "neutral" rating and lowered their price target for the company from $180.00 to $155.00 in a report on Monday, December 9th. Finally, The Goldman Sachs Group lowered shares of Advanced Micro Devices from a "buy" rating to a "neutral" rating and dropped their price target for the company from $175.00 to $129.00 in a research report on Friday, January 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $178.61.

Advanced Micro Devices Stock Up 2.5 %

Shares of AMD traded up $3.02 during midday trading on Thursday, reaching $121.46. 35,556,654 shares of the stock were exchanged, compared to its average volume of 40,199,578. The company has a market cap of $197.11 billion, a price-to-earnings ratio of 109.42, a P/E/G ratio of 1.03 and a beta of 1.66. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a 12-month low of $114.41 and a 12-month high of $227.30. The firm has a 50 day simple moving average of $130.47 and a 200-day simple moving average of $145.58.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share 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 company's revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 earnings per share. Research analysts forecast that Advanced Micro Devices will post 2.54 EPS for the current year.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company's stock, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock worth $28,165,821 in the last 90 days. 0.65% of the stock is owned by company insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Several institutional investors have recently bought and sold shares of the business. Bradley Foster & Sargent Inc. CT grew its holdings in Advanced Micro Devices by 2.1% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 6,729 shares of the semiconductor manufacturer's stock worth $1,092,000 after acquiring an additional 141 shares during the last quarter. Argent Trust Co grew its stake in shares of Advanced Micro Devices by 0.9% during the second quarter. Argent Trust Co now owns 15,459 shares of the semiconductor manufacturer's stock valued at $2,508,000 after purchasing an additional 134 shares during the last quarter. Blair William & Co. IL increased its holdings in shares of Advanced Micro Devices by 7.0% in the second quarter. Blair William & Co. IL now owns 237,556 shares of the semiconductor manufacturer's stock valued at $38,534,000 after purchasing an additional 15,475 shares in the last quarter. MRP Capital Investments LLC bought a new position in Advanced Micro Devices in the 2nd quarter worth approximately $81,000. Finally, WCG Wealth Advisors LLC lifted its holdings in Advanced Micro Devices by 19.3% during the 2nd quarter. WCG Wealth Advisors LLC now owns 28,301 shares of the semiconductor manufacturer's stock worth $4,591,000 after buying an additional 4,587 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

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.