Advanced Micro Devices (NASDAQ:AMD) Cut to Hold at Jefferies Financial Group

Advanced Micro Devices (NASDAQ:AMD) was downgraded by research analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued on Thursday, MarketBeat.com reports. They presently have a $120.00 target price on the semiconductor manufacturer’s stock, down from their prior target price of $135.00. Jefferies Financial Group’s price target indicates a potential upside of 16.26% from the stock’s previous close.

A number of other research analysts have also commented on AMD. Melius Research reaffirmed a “hold” rating and issued a $129.00 price objective (down from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. Mizuho decreased their price target on shares of Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. Argus set a $160.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, February 6th. Melius lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their target price for the stock from $160.00 to $129.00 in a research report on Tuesday, January 28th. Finally, StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $152.72.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $103.22 on Thursday. The company has a market cap of $167.27 billion, a P/E ratio of 104.26, a P/E/G ratio of 1.11 and a beta of 1.74. The firm’s fifty day moving average price is $109.39 and its two-hundred day moving average price is $130.90. Advanced Micro Devices has a one year low of $94.73 and a one year high of $187.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Equities analysts expect that Advanced Micro Devices will post 3.87 earnings per share for the current year.

Insider Activity

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.73% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Bear Mountain Capital Inc. acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $25,000. Global Wealth Strategies & Associates bought a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $26,000. Greenline Partners LLC bought a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $28,000. Halbert Hargrove Global Advisors LLC bought a new position in Advanced Micro Devices during the 4th quarter worth approximately $29,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $30,000. 71.34% of the stock is owned by institutional investors.

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.