Advanced Micro Devices (NASDAQ:AMD) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report released on Wednesday, December 27th.
Several other research firms have also recently weighed in on AMD. Credit Suisse Group upped their target price on Advanced Micro Devices from $10.50 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Jefferies Group reiterated a “buy” rating and issued a $19.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, October 25th. Bank of America reiterated a “buy” rating on shares of Advanced Micro Devices in a research note on Sunday, October 1st. Canaccord Genuity reiterated a “buy” rating and issued a $20.00 price target on shares of Advanced Micro Devices in a research note on Friday, September 8th. Finally, Goldman Sachs Group lowered their target price on Advanced Micro Devices from $11.40 to $10.40 and set a “sell” rating for the company in a research report on Wednesday, November 29th. Four research analysts have rated the stock with a sell rating, seventeen 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 $14.73.
Advanced Micro Devices (NASDAQ AMD) opened at $12.02 on Wednesday. The company has a market capitalization of $11,600.00, a P/E ratio of -150.25, a PEG ratio of 6.33 and a beta of 2.47. Advanced Micro Devices has a 12-month low of $9.42 and a 12-month high of $15.65. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.70 and a quick ratio of 1.20.
In related news, SVP James Robert Anderson sold 20,000 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $12.04, for a total value of $240,800.00. Following the completion of the transaction, the senior vice president now directly owns 493,773 shares in the company, valued at approximately $5,945,026.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Darla M. Smith sold 27,288 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $11.13, for a total transaction of $303,715.44. Following the transaction, the insider now owns 31,236 shares of the company’s stock, valued at $347,656.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,394,194 shares of company stock worth $15,466,937. Insiders own 1.60% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. grew its position in Advanced Micro Devices by 1,655.2% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock worth $111,000 after acquiring an additional 8,243 shares in the last quarter. First Personal Financial Services purchased a new position in Advanced Micro Devices in the third quarter worth $127,000. 1492 Capital Management LLC bought a new stake in Advanced Micro Devices in the third quarter worth $128,000. Regal Investment Advisors LLC bought a new stake in Advanced Micro Devices in the second quarter worth $137,000. Finally, Cetera Investment Advisers bought a new stake in Advanced Micro Devices in the third quarter worth $137,000. Institutional investors own 60.09% of the company’s stock.
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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.
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