Advanced Micro Devices (NASDAQ:AMD) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

A number of other analysts have also commented on AMD. Barclays reaffirmed an “underweight” rating and set a $9.00 target price on shares of Advanced Micro Devices in a report on Thursday, August 10th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Advanced Micro Devices in a report on Thursday, August 10th. Canaccord Genuity reaffirmed a “buy” rating and set a $20.00 target price on shares of Advanced Micro Devices in a report on Tuesday, August 15th. Bank of America reaffirmed a “buy” rating and set a $18.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 16th. Finally, Rosenblatt Securities reaffirmed a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, August 23rd. Seven research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $14.02.

Shares of Advanced Micro Devices (NASDAQ:AMD) opened at $10.03 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.70 and a debt-to-equity ratio of 2.61. Advanced Micro Devices has a fifty-two week low of $8.45 and a fifty-two week high of $15.65.

In related news, SVP Forrest Eugene Norrod sold 62,500 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $12.27, for a total value of $766,875.00. Following the sale, the senior vice president now directly owns 731,461 shares of the company’s stock, valued at approximately $8,975,026.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lisa T. Su sold 325,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $12.46, for a total transaction of $4,049,500.00. Following the completion of the sale, the chief executive officer now directly owns 2,037,139 shares in the company, valued at $25,382,751.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,274,783 shares of company stock worth $15,346,419. Insiders own 1.60% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Coldstream Capital Management Inc. lifted its position in Advanced Micro Devices by 0.3% in the 2nd quarter. Coldstream Capital Management Inc. now owns 20,735 shares of the semiconductor manufacturer’s stock valued at $259,000 after acquiring an additional 60 shares in the last quarter. Wealthfront Inc. lifted its position in Advanced Micro Devices by 0.5% in the 2nd quarter. Wealthfront Inc. now owns 20,050 shares of the semiconductor manufacturer’s stock valued at $250,000 after acquiring an additional 104 shares in the last quarter. Neuberger Berman Group LLC lifted its position in Advanced Micro Devices by 0.4% in the 2nd quarter. Neuberger Berman Group LLC now owns 70,113 shares of the semiconductor manufacturer’s stock valued at $875,000 after acquiring an additional 272 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Advanced Micro Devices by 0.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 57,571 shares of the semiconductor manufacturer’s stock valued at $718,000 after acquiring an additional 348 shares in the last quarter. Finally, National Planning Corp lifted its position in Advanced Micro Devices by 4.9% in the 2nd quarter. National Planning Corp now owns 12,890 shares of the semiconductor manufacturer’s stock valued at $157,000 after acquiring an additional 600 shares in the last quarter. 60.02% of the stock is currently owned by institutional investors and hedge funds.

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About Advanced Micro Devices

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.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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