Advanced Micro Devices Stock Rating Shifts from Sell to Hold

On a recent Thursday, equity research analysts at StockNews.com revised their rating of Advanced Micro Devices (NASDAQ:AMD) from 'sell' to 'hold'. This change marks a pivotal adjustment in the company's stock status among market analysts.

Analyst Ratings and Price Targets

Prior to this adjustment, AMD had been evaluated in several other research reports. For instance, Bank of America had raised its price objective for the semiconductor company from $165.00 to $195.00, conferring a 'buy' rating. Wells Fargo & Company similarly increased their price target for AMD to $190.00 from $165.00, while also assigning an 'overweight' rating.

Further affirmations of AMD's strong market position come from Wedbush, which reiterated an 'outperform' rating and set a price target of $200.00. Raymond James, although downgrading AMD from a 'strong-buy' to an 'outperform' rating, raised their price target from $190.00 to $195.00. Additionally, Roth Mkm boosted their price target on AMD to $190.00, maintaining a 'buy' rating.

With such analyses in place, it's evident that many research analysts hold AMD in high regard. Out of the analysts reviewing AMD stock, three have given it a 'hold' rating and twenty-five suggest a 'buy'. MarketBeat's consensus rating is 'Moderate Buy' with a consensus target price of $179.06.

AMD's Financial Highlights

Stock performance for AMD witnessed a remarkable opening at $202.64 on the same Thursday. With financial metrics like a debt-to-equity ratio of 0.03, a current ratio of 2.51, and a quick ratio of 1.86, the firm boasts a $324.22 billion market capitalization. Its PE ratio stands at 389.70, and its PEG ratio is 2.65. AMD stock has fluctuated between a 1-year low of $76.65 and a 1-year high of $202.72.

For the quarter ending January 30th, AMD reported an earnings per share (EPS) of $0.77, aligning with consensus estimates. The company posted a quarterly revenue of $6.17 billion against predictions of $6.13 billion, signifying a 10.2% year over year growth. AMD's net margin was 3.77%, and return on equity reached 5.73%. Looking forward, analysts predict an EPS of 2.67 for the current financial year.

Insider Transactions

In recent insider trading news, AMD's Victor Peng sold 100,000 shares at $175.11 each, totaling $17,511,000. After the sale, Peng retains ownership of 241,266 shares, now valued at approximately $42,248,089.26. In another significant transaction, CEO Lisa T. Su sold 75,000 shares at $117.73 per share, accumulating $8,829,750 for the sale. CEO Su currently holds 3,347,640 company shares, valued at about $394,117,657.20. These sales are part of routine insider trading, which is consistently disclosed to the Securities & Exchange Commission.

Institutional Investor Activity

Advanced Micro Devices has seen notable shifts in institutional investment. New positions have been established and existing holdings have been adjusted, reflecting the dynamic nature of stock ownership among hedge funds and other institutions. These investors contribute to a significant 68.43% share of the company's stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates globally as a leading semiconductor company. Its portfolio spans Data Center, Client, Gaming, and Embedded segments, offering products such as x86 microprocessors, GPUs, and adaptive SoC solutions, catering to a wide array of technological needs.

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