Advanced Micro Devices (NASDAQ:AMD) Stock Rating Lowered by Citigroup

Advanced Micro Devices (NASDAQ:AMD) was downgraded by investment analysts at Citigroup from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other equities research analysts have also recently commented on AMD. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Wells Fargo & Company lowered their target price on Advanced Micro Devices from $165.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday. Wedbush reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Advanced Micro Devices in a report on Wednesday. Wolfe Research lowered Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 16th. Finally, Barclays reduced their price target on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $161.30.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $110.16 on Wednesday. The stock has a market capitalization of $178.77 billion, a PE ratio of 99.24, a P/E/G ratio of 1.03 and a beta of 1.65. The company has a fifty day moving average of $124.53 and a two-hundred day moving average of $140.39. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. Advanced Micro Devices has a fifty-two week low of $106.50 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.19). Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. As a group, research analysts forecast that Advanced Micro Devices will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

A number of institutional investors and hedge funds have recently made changes to their positions in AMD. Creative Capital Management Investments LLC boosted its holdings in Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 86 shares in the last quarter. Bear Mountain Capital Inc. purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $25,000. Global Wealth Strategies & Associates acquired a new position in Advanced Micro Devices during the fourth quarter worth $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at $29,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth $32,000. 71.34% of the stock is 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.