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Advanced Micro Devices (NYSE:AMD) has been given a “B” credit rating by Morningstar. The firm’s “B” rating suggests that the company is a high default risk. They also issued a neutral credit outlook for the company and gave their stock a three star rating.

AMD has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Advanced Micro Devices from an “outperform” rating to a “neutral” rating in a research note on Wednesday, August 13th. They now have a $4.25 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Advanced Micro Devices in a research note on Friday, July 18th. They now have a $3.50 price target on the stock, down previously from $4.00. Nine research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $3.95.

Advanced Micro Devices (NYSE:AMD) traded up 0.72% during mid-day trading on Monday, hitting $4.17. The stock had a trading volume of 7,347,175 shares. Advanced Micro Devices has a 52 week low of $3.04 and a 52 week high of $4.80. The stock has a 50-day moving average of $4.10 and a 200-day moving average of $4.01. The company has a market cap of $3.192 billion and a price-to-earnings ratio of 38.69. Advanced Micro Devices also saw a large decline in short interest in the month of August. As of August 15th, there was short interest totalling 139,917,853 shares, a decline of 8.7% from the July 31st total of 153,192,755 shares. Based on an average daily volume of 28,957,312 shares, the short-interest ratio is currently 4.8 days. Approximately 22.7% of the shares of the company are sold short.

Advanced Micro Devices (NYSE:AMD) last posted its quarterly earnings results on Thursday, July 17th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was up 24.1% on a year-over-year basis. On average, analysts predict that Advanced Micro Devices will post $0.12 earnings per share for the current fiscal year.

In other Advanced Micro Devices news, SVP John Byrne sold 75,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $4.19, for a total transaction of $314,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Advanced Micro Devices, Inc (NYSE:AMD) is a global semiconductor company with facilities around the world.

To view more credit ratings from Morningstar, visit www.morningstar.com.

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