Advanced Micro Devices (AMD) Upgraded to “Hold” at BidaskClub

BidaskClub upgraded shares of Advanced Micro Devices (NASDAQ:AMD) from a sell rating to a hold rating in a report released on Friday morning.

AMD has been the subject of a number of other research reports. Deutsche Bank reissued a hold rating and set a $12.00 target price on shares of Advanced Micro Devices in a research report on Thursday, September 21st. BMO Capital Markets reaffirmed a hold rating and issued a $15.00 price target on shares of Advanced Micro Devices in a report on Wednesday, October 18th. Loop Capital reaffirmed a hold rating and issued a $13.00 price target (down previously from $14.00) on shares of Advanced Micro Devices in a report on Wednesday, October 25th. Wells Fargo & Co reaffirmed an outperform rating and issued a $18.00 price target on shares of Advanced Micro Devices in a report on Monday, September 25th. Finally, Jefferies Group reaffirmed a top pick rating and issued a $13.74 price target (down previously from $19.00) on shares of Advanced Micro Devices in a report on Thursday, September 21st. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $14.73.

Advanced Micro Devices (AMD) opened at $11.88 on Friday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.20 and a current ratio of 1.70. Advanced Micro Devices has a one year low of $9.42 and a one year high of $15.65. The stock has a market cap of $11,230.00, a P/E ratio of -148.50, a PEG ratio of 6.93 and a beta of 2.47.

In related news, insider Darla M. Smith sold 27,288 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $11.13, for a total transaction of $303,715.44. Following the transaction, the insider now directly owns 31,236 shares in the company, valued at $347,656.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 82,709 shares of the business’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $13.62, for a total transaction of $1,126,496.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,476,903 shares of company stock worth $16,593,434. Company insiders own 1.60% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Baillie Gifford & Co. acquired a new position in Advanced Micro Devices during the second quarter worth about $184,767,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Advanced Micro Devices by 20.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,983 shares of the semiconductor manufacturer’s stock worth $1,997,000 after purchasing an additional 27,233 shares during the period. TB Alternative Assets Ltd. purchased a new position in Advanced Micro Devices during the third quarter worth about $956,000. Schwab Charles Investment Management Inc. raised its stake in Advanced Micro Devices by 8.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 3,461,152 shares of the semiconductor manufacturer’s stock worth $44,130,000 after purchasing an additional 284,051 shares during the period. Finally, Eagle Asset Management Inc. purchased a new position in Advanced Micro Devices during the third quarter worth about $26,194,000. Hedge funds and other institutional investors own 60.09% of the company’s stock.

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Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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