Advanced Micro Devices (AMD) Lowered to Hold at Zacks Investment Research

Advanced Micro Devices (NASDAQ:AMD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Monday, February 5th.

According to Zacks, “AMD is benefiting from strong graphics processor unit (GPU) sales. AMD provided an encouraging first-quarter revenue guidance, primarily driven by robust performance of the company’s product portfolio comprising Ryzen CPU, EPYC and Radeon Vega GPUs. AMD’s release of Vega-based GPUs and increasing demand for its Polaris products in both gaming and blockchain industries were positives. Moreover, strong adoption of EPYC server processors is a growth driver. Additionally, better performance of the recently launched Radeon RX Vega family of GPUs aimed at gaming enthusiasts is anticipated to be beneficial for the company. Further, the company’s collaborations with Baidu, Amazon, Tencent, Microsoft and JD.com are other positive. Notably, AMD has outperformed the industry it belongs to in the last three months. However, stiff competition from the likes of NVIDIA remains a concern.”

AMD has been the subject of a number of other research reports. Vetr downgraded Advanced Micro Devices from a “strong-buy” rating to a “buy” rating and set a $13.85 price target for the company. in a research report on Friday, January 19th. Credit Suisse Group upped their price objective 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 restated a “buy” rating and issued a $19.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, October 25th. Goldman Sachs Group dropped their price target on Advanced Micro Devices from $11.40 to $10.40 and set a “sell” rating on the stock in a research note on Wednesday, November 29th. Finally, BNP Paribas raised Advanced Micro Devices from a “neutral” rating to an “outperform” rating in a report on Thursday, October 12th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $14.87.

Shares of Advanced Micro Devices (AMD) opened at $11.78 on Monday. Advanced Micro Devices has a 52 week low of $9.70 and a 52 week high of $15.65. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.76 and a quick ratio of 1.27. The stock has a market cap of $11,370.00, a price-to-earnings ratio of 392.67, a PEG ratio of 4.98 and a beta of 2.70.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.04. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Advanced Micro Devices had a return on equity of 16.76% and a net margin of 0.81%. The business’s revenue was up 33.8% on a year-over-year basis. During the same period last year, the business earned ($0.01) earnings per share. research analysts expect that Advanced Micro Devices will post 0.3 EPS for the current year.

In related news, SVP James Robert Anderson sold 20,000 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $11.44, for a total transaction of $228,800.00. Following the completion of the transaction, the senior vice president now directly owns 473,773 shares in the company, valued at $5,419,963.12. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Darla M. Smith sold 18,001 shares of the business’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 transaction, the chief accounting officer now owns 19,078 shares of the company’s stock, valued at $216,916.86. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,394,119 shares of company stock worth $15,639,964. Corporate insiders own 1.60% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of AMD. Coldstream Capital Management Inc. raised its position in Advanced Micro Devices by 0.3% during the 2nd quarter. Coldstream Capital Management Inc. now owns 20,735 shares of the semiconductor manufacturer’s stock valued at $259,000 after purchasing an additional 60 shares during the last quarter. Nordea Investment Management AB raised its position in Advanced Micro Devices by 4.6% during the 2nd quarter. Nordea Investment Management AB now owns 32,480 shares of the semiconductor manufacturer’s stock valued at $405,000 after purchasing an additional 1,438 shares during the last quarter. HighTower Advisors LLC raised its position in Advanced Micro Devices by 4.7% during the 2nd quarter. HighTower Advisors LLC now owns 41,126 shares of the semiconductor manufacturer’s stock valued at $512,000 after purchasing an additional 1,856 shares during the last quarter. Pacer Advisors Inc. raised its position in Advanced Micro Devices by 25.6% during the 3rd quarter. Pacer Advisors Inc. now owns 22,036 shares of the semiconductor manufacturer’s stock valued at $281,000 after purchasing an additional 4,488 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its position in Advanced Micro Devices by 0.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,535,400 shares of the semiconductor manufacturer’s stock valued at $15,784,000 after purchasing an additional 4,700 shares during the last quarter. Hedge funds and other institutional investors own 60.94% of the company’s stock.

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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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