Sanford C. Bernstein Downgrades Advanced Micro Devices, Inc. (AMD) to Sell
Advanced Micro Devices, Inc. (NASDAQ:AMD) was downgraded by equities researchers at Sanford C. Bernstein to a “sell” rating in a research note issued on Monday, October 30th.
AMD has been the subject of several other research reports. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Advanced Micro Devices in a research note on Tuesday, July 4th. BMO Capital Markets cut Advanced Micro Devices from an “outperform” rating to a “market perform” rating and set a $15.00 price target for the company. in a research note on Wednesday, July 26th. Barclays PLC reissued an “underweight” rating and issued a $9.00 price target on shares of Advanced Micro Devices in a research note on Thursday, August 10th. Wells Fargo & Company reissued an “outperform” rating on shares of Advanced Micro Devices in a research note on Wednesday, August 23rd. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $15.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, September 20th. Six investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $14.05.
Advanced Micro Devices (NASDAQ AMD) traded down $0.16 during trading hours on Monday, hitting $11.10. The stock had a trading volume of 20,454,737 shares, compared to its average volume of 68,947,180. Advanced Micro Devices has a 12 month low of $6.47 and a 12 month high of $15.65. The company has a quick ratio of 1.20, a current ratio of 1.70 and a debt-to-equity ratio of 2.61.
Hedge funds have recently modified their holdings of the business. Bronfman E.L. Rothschild L.P. increased its position in Advanced Micro Devices by 1,655.2% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock worth $111,000 after purchasing an additional 8,243 shares during the last quarter. First Personal Financial Services acquired a new position in Advanced Micro Devices in the 3rd quarter worth about $127,000. K.J. Harrison & Partners Inc acquired a new position in Advanced Micro Devices in the 2nd quarter worth about $125,000. 1492 Capital Management LLC acquired a new position in Advanced Micro Devices in the 3rd quarter worth about $128,000. Finally, Stratos Wealth Partners LTD. acquired a new position in Advanced Micro Devices in the 3rd quarter worth about $139,000. 58.63% of the stock is currently owned by institutional investors.
Advanced Micro Devices Company Profile
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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