Advanced Micro Devices (NASDAQ:AMD) Cut to Hold at Craig Hallum

Craig Hallum lowered shares of Advanced Micro Devices (NASDAQ:AMD) from a buy rating to a hold rating in a research report report published on Wednesday morning, BenzingaRatingsTable reports. They currently have $33.00 price target on the semiconductor manufacturer’s stock.

Other equities analysts have also recently issued research reports about the company. Morgan Stanley upgraded Advanced Micro Devices from an underweight rating to an equal weight rating and lifted their price objective for the company from $17.00 to $28.00 in a report on Thursday, June 6th. Wells Fargo & Co lifted their price objective on Advanced Micro Devices from $30.00 to $38.00 and gave the company an outperform rating in a report on Wednesday, May 1st. ValuEngine upgraded Advanced Micro Devices from a hold rating to a buy rating in a report on Tuesday, July 9th. UBS Group lifted their price objective on Advanced Micro Devices from $24.00 to $31.00 and gave the company a neutral rating in a report on Wednesday, July 10th. Finally, Bank of America lifted their price objective on Advanced Micro Devices from $35.00 to $40.00 and gave the company a buy rating in a report on Monday, June 10th. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and twelve have assigned a buy rating to the company. Advanced Micro Devices presently has an average rating of Hold and an average price target of $31.08.

Shares of Advanced Micro Devices stock traded down $0.42 during trading on Wednesday, hitting $29.44. 60,209,593 shares of the company were exchanged, compared to its average volume of 55,749,428. The company has a market capitalization of $32.41 billion, a price-to-earnings ratio of 84.11, a P/E/G ratio of 2.36 and a beta of 3.06. Advanced Micro Devices has a 1-year low of $16.03 and a 1-year high of $34.86. The stock has a fifty day moving average price of $31.72. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.08 and a quick ratio of 1.54.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.52 billion. Advanced Micro Devices had a return on equity of 16.04% and a net margin of 3.25%. The company’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.14 EPS. Sell-side analysts predict that Advanced Micro Devices will post 0.5 EPS for the current year.

In other Advanced Micro Devices news, CFO Devinder Kumar sold 127,735 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $32.05, for a total transaction of $4,093,906.75. Following the transaction, the chief financial officer now owns 709,990 shares of the company’s stock, valued at approximately $22,755,179.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 250,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $26.75, for a total value of $6,687,500.00. Following the transaction, the chief executive officer now directly owns 2,511,264 shares in the company, valued at approximately $67,176,312. The disclosure for this sale can be found here. Insiders sold a total of 1,045,137 shares of company stock worth $31,793,994 in the last 90 days. Company insiders own 1.50% of the company’s stock.

Several large investors have recently bought and sold shares of AMD. Joseph P. Lucia & Associates LLC acquired a new position in shares of Advanced Micro Devices during the 1st quarter worth approximately $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Advanced Micro Devices during the 1st quarter worth approximately $26,000. Peddock Capital Advisors LLC increased its position in shares of Advanced Micro Devices by 151.5% during the 1st quarter. Peddock Capital Advisors LLC now owns 1,021 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 615 shares during the last quarter. Advisory Alpha LLC acquired a new position in shares of Advanced Micro Devices during the 1st quarter worth approximately $26,000. Finally, Berman Capital Advisors LLC increased its position in shares of Advanced Micro Devices by 99.4% during 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. 60.98% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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