Advanced Micro Devices (AMD) Downgraded to “Buy” at BidaskClub

BidaskClub cut shares of Advanced Micro Devices (NASDAQ:AMD) from a strong-buy rating to a buy rating in a report published on Tuesday.

Other research analysts have also issued research reports about the company. Bank of America decreased their target price on Advanced Micro Devices from $18.00 to $15.00 and set a buy rating for the company in a research report on Friday, April 20th. Vetr lowered Advanced Micro Devices from a strong-buy rating to a buy rating and set a $13.62 target price for the company. in a research report on Thursday, March 8th. Stifel Nicolaus increased their target price on Advanced Micro Devices from $13.00 to $14.00 and gave the stock a buy rating in a research report on Thursday, April 26th. UBS Group raised Advanced Micro Devices to a neutral rating in a research report on Wednesday, May 16th. Finally, ValuEngine raised Advanced Micro Devices from a hold rating to a buy rating in a research report on Friday, May 4th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seventeen have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $15.20.

Advanced Micro Devices opened at $16.69 on Tuesday, according to MarketBeat Ratings. The company has a market cap of $15.84 billion, a price-to-earnings ratio of 208.63, a price-to-earnings-growth ratio of 5.86 and a beta of 2.80. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.62 and a quick ratio of 1.20. Advanced Micro Devices has a one year low of $9.04 and a one year high of $17.34.



Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Wednesday, April 25th. The semiconductor manufacturer reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.55 billion. Advanced Micro Devices had a return on equity of 41.01% and a net margin of 3.29%. equities research analysts forecast that Advanced Micro Devices will post 0.36 EPS for the current fiscal year.

In related news, CAO Darla M. Smith sold 13,243 shares of the company’s stock in a transaction that occurred on Wednesday, May 30th. The stock was sold at an average price of $13.77, for a total value of $182,356.11. Following the sale, the chief accounting officer now owns 19,389 shares in the company, valued at approximately $266,986.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark D. Papermaster sold 70,000 shares of the company’s stock in a transaction that occurred on Friday, June 15th. The stock was sold at an average price of $16.10, for a total value of $1,127,000.00. The disclosure for this sale can be found here. Insiders sold a total of 805,812 shares of company stock worth $11,684,514 in the last 90 days. 1.80% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. American International Group Inc. grew its stake in shares of Advanced Micro Devices by 21.6% in the 4th quarter. American International Group Inc. now owns 291,836 shares of the semiconductor manufacturer’s stock worth $3,000,000 after buying an additional 51,895 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in Advanced Micro Devices during the 1st quarter valued at $301,000. OppenheimerFunds Inc. boosted its stake in Advanced Micro Devices by 10.1% during the 4th quarter. OppenheimerFunds Inc. now owns 22,076,133 shares of the semiconductor manufacturer’s stock valued at $226,943,000 after purchasing an additional 2,022,320 shares during the last quarter. Meadow Creek Investment Management LLC boosted its stake in Advanced Micro Devices by 28.0% during the 4th quarter. Meadow Creek Investment Management LLC now owns 56,756 shares of the semiconductor manufacturer’s stock valued at $583,000 after purchasing an additional 12,404 shares during the last quarter. Finally, Amplify Investments LLC purchased a new stake in Advanced Micro Devices during the 1st quarter valued at $4,509,000. Institutional investors own 63.45% of the company’s stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's 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.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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