Advanced Micro Devices (AMD) Trading Down 0.6%

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares fell 0.6% on Tuesday . The company traded as low as $9.82 and last traded at $9.97. 41,017,594 shares were traded during mid-day trading, a decline of 39% from the average session volume of 67,380,617 shares. The stock had previously closed at $10.03.

A number of research firms have weighed in on AMD. BidaskClub lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday. Goldman Sachs Group dropped their price objective on shares of Advanced Micro Devices from $11.40 to $10.40 and set a “sell” rating on the stock in a research note on Wednesday, November 29th. Mizuho reiterated a “buy” rating and issued a $17.00 target price on shares of Advanced Micro Devices in a report on Tuesday, November 28th. Bank of America reiterated a “buy” rating and issued a $18.00 target price on shares of Advanced Micro Devices in a report on Tuesday, November 14th. Finally, Zacks Investment Research downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Seven research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.02.

The company has a debt-to-equity ratio of 2.61, a current ratio of 1.70 and a quick ratio of 1.20.

In other news, insider Darla M. Smith sold 27,288 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $11.13, for a total value of $303,715.44. Following the transaction, the insider now owns 31,236 shares of the company’s stock, valued at approximately $347,656.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Forrest Eugene Norrod sold 62,500 shares of the company’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 completion of the transaction, the senior vice president now directly owns 731,461 shares in the company, valued at approximately $8,975,026.47. The disclosure for this sale can be found here. Insiders have sold 1,274,783 shares of company stock valued at $15,346,419 over the last quarter. 1.60% of the stock is owned by company insiders.

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

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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.

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