Advanced Micro Devices (NASDAQ:AMD) Hits New 1-Year Low After Analyst Downgrade

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price reached a new 52-week low on Friday after Mizuho lowered their price target on the stock from $180.00 to $160.00. Mizuho currently has an outperform rating on the stock. Advanced Micro Devices traded as low as $115.01 and last traded at $115.28, with a volume of 12895736 shares trading hands. The stock had previously closed at $121.84.

Several other brokerages have also weighed in on AMD. Benchmark reiterated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, October 31st. HSBC reiterated a “reduce” rating and set a $110.00 price target (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a report on Monday, October 28th. Bank of America cut shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their price target for the company from $180.00 to $155.00 in a research report on Monday, December 9th. Finally, Citigroup decreased their price objective on shares of Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $185.22.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 197,036 shares of company stock worth $28,165,821 over the last ninety days. Corporate insiders own 0.65% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of large investors have recently bought and sold shares of the company. Tilia Fiduciary Partners Inc. boosted its stake in shares of Advanced Micro Devices by 4.1% during the 4th quarter. Tilia Fiduciary Partners Inc. now owns 18,780 shares of the semiconductor manufacturer’s stock worth $2,268,000 after acquiring an additional 731 shares in the last quarter. Atlas Brown Inc. grew its holdings in Advanced Micro Devices by 11.0% in the fourth quarter. Atlas Brown Inc. now owns 1,968 shares of the semiconductor manufacturer’s stock valued at $238,000 after purchasing an additional 195 shares during the last quarter. Jacobs & Co. CA increased its position in shares of Advanced Micro Devices by 13.2% in the fourth quarter. Jacobs & Co. CA now owns 89,030 shares of the semiconductor manufacturer’s stock valued at $10,753,000 after buying an additional 10,404 shares in the last quarter. Sage Capital Advisors llc raised its stake in shares of Advanced Micro Devices by 1.6% during the 4th quarter. Sage Capital Advisors llc now owns 6,386 shares of the semiconductor manufacturer’s stock worth $771,000 after buying an additional 98 shares during the last quarter. Finally, Watts Gwilliam & Co. LLC boosted its position in shares of Advanced Micro Devices by 151.6% in the 4th quarter. Watts Gwilliam & Co. LLC now owns 19,279 shares of the semiconductor manufacturer’s stock worth $2,455,000 after buying an additional 11,616 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average is $132.58 and its 200 day moving average is $146.64. The stock has a market capitalization of $188.31 billion, a price-to-earnings ratio of 104.54, a PEG ratio of 1.88 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the previous year, the firm posted $0.53 EPS. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, analysts predict that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

About Advanced Micro Devices

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.