Advanced Micro Devices (NASDAQ:AMD) Upgraded to 'Hold' Rating

Investment analysts at StockNews.com have changed their rating on Advanced Micro Devices (NASDAQ:AMD) from "sell" to "hold," according to a report released on Tuesday.

Market Reactions:

Along with this upgrade, other analysts have also shared their perspectives on AMD. For instance, Bank of America has lowered its price target for AMD shares from $155.00 to $135.00, maintaining a "neutral" rating in a report published on February 5th. On February 19th, Citigroup reaffirmed its "buy" rating for the company. Meanwhile, Loop Capital initiated coverage on AMD, setting a "buy" rating and a price target of $175.00 in a report dated January 14th. Additionally, Summit Insights upgraded AMD to a "hold" rating on February 4th, and Piper Sandler also reaffirmed an "overweight" rating for the company. Overall, one analyst has a sell rating, ten analysts have a hold rating, nineteen have rated it as a buy, and three analysts have given it a strong buy. The consensus rating stands at "Moderate Buy" with a price target average of $155.14, according to data from MarketBeat.com.

Stock Performance

On Tuesday, shares of Advanced Micro Devices experienced a drop of 1.0%, closing down $1.08 to reach $103.51. The day's trading volume was 27,111,935 shares, below the average volume of 44,133,864. Currently, AMD boasts a quick ratio of 1.83, a current ratio of 2.62, and a debt-to-equity ratio of 0.03. The company's market capitalization is approximately $167.74 billion, with a P/E ratio of 104.56 and a price-to-earnings-growth (PEG) ratio of 1.11. Over the last year, AMD has seen a low of $94.73 and a high of $187.69. As for its moving averages, the stock's 50-day moving average price is $111.08, while the 200-day moving average price stands at $132.53.

AMD most recently released its earnings report on February 4th, where it reported earnings per share (EPS) of $1.07, meeting analyst expectations. The company had a net margin of 6.36% and a return on equity of 7.42%. Looking forward, analysts anticipate that AMD will report EPS of 3.87 for the current fiscal year.

Insider Transactions

In insider news, Executive Vice President Philip Guido purchased 4,645 shares of AMD stock on February 7th at an average price of $107.56 per share, amounting to approximately $499,616.20. After this transaction, Guido's holdings in AMD increased to 33,522 shares, valued at about $3,605,626.32. This purchase reflects a 16.09% increase in his position. Notably, insiders own 0.73% of the company's shares.

Institutional Holdings

Recent activity among institutional investors highlights changing stakes in AMD. Charles Schwab Investment Management Inc. boosted its shareholding by 1.9% during the third quarter, now owning 9,656,965 shares valued at $1,584,515,000 after acquiring an additional 177,700 shares. Shum Financial Group Inc. also entered the scene by purchasing a new position in AMD worth approximately $858,000 during the same quarter. Other firms such as State Street Corp and Geode Capital Management LLC have similarly increased their stakes in the company. Collectively, institutional investors hold about 71.34% of AMD's stock.

Company Overview

Advanced Micro Devices, Inc. is a global semiconductor company that operates through various segments, including Data Center, Client, Gaming, and Embedded. The company specializes in the production of x86 microprocessors and GPUs, along with products in chipsets, embedded processors, system-on-chip offerings, and field programmable gate arrays (FPGAs).

AMD, Stocks, Hold