BidaskClub Downgrades Advanced Micro Devices (NASDAQ:AMD) to Sell

BidaskClub lowered shares of Advanced Micro Devices (NASDAQ:AMD) from a hold rating to a sell rating in a research report report published on Wednesday, June 26th, BidAskClub reports.

Several other equities analysts have also commented on the company. Credit Suisse Group reissued an outperform rating and set a GBX 2,012 ($26.29) price objective on shares of Aston Martin Lagonda Global in a research report on Wednesday, May 1st. Mizuho upped their price objective on NXP Semiconductors from $95.00 to $100.00 and gave the stock a neutral rating in a report on Wednesday, May 1st. Bank of America set a $77.00 price objective on Citigroup and gave the stock a buy rating in a report on Monday, June 10th. Zacks Investment Research cut Great Portland Estates from a hold rating to a sell rating in a research note on Tuesday, April 16th. Finally, JPMorgan Chase & Co. decreased their price target on Whitbread from GBX 5,400 ($70.56) to GBX 5,100 ($66.64) and set an overweight rating for the company in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $30.40.

Advanced Micro Devices stock traded down $0.60 during trading hours on Wednesday, hitting $33.00. 57,938,789 shares of the stock were exchanged, compared to its average volume of 75,305,867. Advanced Micro Devices has a 12 month low of $15.72 and a 12 month high of $34.86. The stock has a 50-day moving average of $30.91. The stock has a market capitalization of $36.61 billion, a PE ratio of 94.29, a P/E/G ratio of 2.05 and a beta of 3.08. The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.57.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.26 billion. Advanced Micro Devices had a net margin of 4.46% and a return on equity of 25.23%. Advanced Micro Devices’s revenue was down 22.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 earnings per share. As a group, sell-side analysts expect that Advanced Micro Devices will post 0.54 EPS for the current year.

In related news, insider Darla M. Smith sold 27,000 shares of Advanced Micro Devices stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $29.45, for a total value of $795,150.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Forrest Eugene Norrod sold 50,000 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $33.46, for a total value of $1,673,000.00. Following the sale, the senior vice president now directly owns 834,171 shares in the company, valued at approximately $27,911,361.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,033,066 shares of company stock valued at $30,620,896. Insiders own 1.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Tyers Asset Management LLC boosted its position in shares of Advanced Micro Devices by 1.8% in the 1st quarter. Tyers Asset Management LLC now owns 22,000 shares of the semiconductor manufacturer’s stock valued at $561,000 after purchasing an additional 384 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Advanced Micro Devices by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 46,500 shares of the semiconductor manufacturer’s stock worth $1,187,000 after purchasing an additional 400 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of Advanced Micro Devices by 24.4% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,566 shares of the semiconductor manufacturer’s stock worth $47,000 after purchasing an additional 503 shares during the last quarter. Berman Capital Advisors LLC raised its position in shares of Advanced Micro Devices by 99.4% in the 1st quarter. Berman Capital Advisors LLC now owns 1,077 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 537 shares during the last quarter. Finally, Centaurus Financial Inc. raised its position in shares of Advanced Micro Devices by 32.3% in the 1st quarter. Centaurus Financial Inc. now owns 2,295 shares of the semiconductor manufacturer’s stock worth $90,000 after purchasing an additional 560 shares during the last quarter. Institutional investors and hedge funds own 60.78% of the company’s stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

Further Reading: Net Margin

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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