Advanced Micro Devices (NASDAQ:AMD) Upgraded to Hold at Summit Insights

Advanced Micro Devices (NASDAQ:AMD) was upgraded by Summit Insights to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other analysts have also recently issued reports on the stock. Roth Mkm restated a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Friday, October 11th. Wolfe Research cut Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. Hsbc Global Res lowered Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. 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 note on Wednesday, October 30th. Finally, Wells Fargo & Company lowered their price objective on Advanced Micro Devices from $165.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $161.30.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $112.01 on Tuesday. The stock has a market capitalization of $181.77 billion, a PE ratio of 100.91, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66. Advanced Micro Devices has a 52 week low of $106.50 and a 52 week high of $227.30. The stock has a 50 day moving average price of $125.02 and a 200 day moving average price of $140.59. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.19). Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Analysts predict that Advanced Micro Devices will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at $508,834,266.92. The trade was a 2.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.65% of the stock is owned by insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Institutional investors and hedge funds have recently made changes to their positions in the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in Advanced Micro Devices by 102.6% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,468 shares of the semiconductor manufacturer’s stock valued at $733,000 after purchasing an additional 2,263 shares during the last quarter. CWM LLC increased its holdings in Advanced Micro Devices by 2.5% during the third quarter. CWM LLC now owns 211,970 shares of the semiconductor manufacturer’s stock worth $34,780,000 after buying an additional 5,256 shares during the last quarter. Marcum Wealth LLC raised its holdings in shares of Advanced Micro Devices by 9.8% in the 3rd quarter. Marcum Wealth LLC now owns 3,444 shares of the semiconductor manufacturer’s stock worth $565,000 after purchasing an additional 307 shares during the period. Wedmont Private Capital lifted its position in shares of Advanced Micro Devices by 2.6% during the 3rd quarter. Wedmont Private Capital now owns 20,044 shares of the semiconductor manufacturer’s stock valued at $3,427,000 after buying an additional 510 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. increased its holdings in Advanced Micro Devices by 2.6% in the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 141,810 shares of the semiconductor manufacturer’s stock worth $23,268,000 after acquiring an additional 3,651 shares during 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.