Advanced Micro Devices (NASDAQ:AMD) Stock Rating Lowered by Jefferies Financial Group

Jefferies Financial Group cut shares of Advanced Micro Devices (NASDAQ:AMD) from a buy rating to a hold rating in a research note released on Thursday morning, Marketbeat.com reports. The firm currently has $120.00 price objective on the semiconductor manufacturer’s stock, down from their prior price objective of $135.00.

AMD has been the topic of several other reports. Melius cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their price target for the stock from $160.00 to $129.00 in a research note on Tuesday, January 28th. Citigroup reissued a “buy” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. KeyCorp decreased their price target on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Wedbush reissued an “outperform” rating and set a $150.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $152.72.

Advanced Micro Devices Trading Down 3.2 %

Shares of Advanced Micro Devices stock opened at $103.22 on Thursday. Advanced Micro Devices has a 1 year low of $94.73 and a 1 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. The business has a 50 day moving average price of $109.39 and a 200 day moving average price of $130.82. The company has a market capitalization 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.

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, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Sell-side analysts anticipate that Advanced Micro Devices will post 3.87 EPS for the current fiscal year.

Insider Activity

In related news, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

Several institutional investors and hedge funds have recently modified their holdings of the stock. Mascagni Wealth Management Inc. bought a new position in Advanced Micro Devices during the fourth quarter valued at approximately $50,000. Prostatis Group LLC boosted its holdings in Advanced Micro Devices by 6.8% during the fourth quarter. Prostatis Group LLC now owns 3,026 shares of the semiconductor manufacturer’s stock valued at $366,000 after acquiring an additional 192 shares during the period. Fairtree Asset Management Pty Ltd bought a new position in shares of Advanced Micro Devices in the fourth quarter worth about $660,000. 111 Capital bought a new position in Advanced Micro Devices in the 4th quarter worth approximately $808,000. Finally, NorthCrest Asset Manangement LLC grew its stake in shares of Advanced Micro Devices by 2.8% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 151,395 shares of the semiconductor manufacturer’s stock worth $18,287,000 after acquiring an additional 4,054 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other 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.