Advanced Micro Devices (NASDAQ:AMD) Cut to "Hold" at Melius

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) was downgraded by stock analysts at Melius from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. They currently have a $129.00 price objective on the semiconductor manufacturer's stock, down from their prior price objective of $160.00. Melius' price objective points to a potential upside of 11.64% from the company's previous close.

Other equities analysts have also recently issued reports about the company. UBS Group reduced their price target on Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Citigroup lowered their price target on shares of Advanced Micro Devices from $200.00 to $175.00 and set a "buy" rating on the stock in a report on Tuesday, January 21st. The Goldman Sachs Group cut shares of Advanced Micro Devices from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $175.00 to $129.00 in a research note on Friday, January 10th. Benchmark reiterated a "buy" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Finally, Barclays reduced their price target on shares of Advanced Micro Devices from $170.00 to $140.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and an average target price of $171.04.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded down $3.31 during mid-day trading on Tuesday, reaching $115.55. The company had a trading volume of 30,874,182 shares, compared to its average volume of 38,442,660. Advanced Micro Devices has a one year low of $112.80 and a one year high of $227.30. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The company's 50-day moving average price is $126.37 and its 200-day moving average price is $141.93. The firm has a market cap of $187.52 billion, a price-to-earnings ratio of 104.23, a PEG ratio of 1.04 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate 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 was up 17.6% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share. As a group, equities research analysts anticipate that Advanced Micro Devices will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the business's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares of the company's stock, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company's stock, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock valued at $28,165,821 in the last quarter. Company insiders own 0.73% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Christopher J. Hasenberg Inc boosted its stake in Advanced Micro Devices by 12.0% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer's stock worth $97,000 after purchasing an additional 60 shares during the period. Wealth Effects LLC lifted its holdings in shares of Advanced Micro Devices by 0.7% in the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer's stock valued at $1,545,000 after purchasing an additional 65 shares in the last quarter. Jacobsen Capital Management boosted its position in shares of Advanced Micro Devices by 2.1% during the third quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer's stock worth $554,000 after buying an additional 70 shares during the period. Sigma Investment Counselors Inc. grew its holdings in shares of Advanced Micro Devices by 5.3% during the third quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer's stock worth $243,000 after buying an additional 74 shares in the last quarter. Finally, Bedell Frazier Investment Counselling LLC lifted its stake in Advanced Micro Devices by 4.3% in the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer's stock valued at $292,000 after acquiring an additional 74 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.