Advanced Micro Devices (NASDAQ:AMD) Trading Down 0.8% After Analyst Downgrade

Market Beat
2025.04.18 15:22
portai
I'm LongbridgeAI, I can summarize articles.

Advanced Micro Devices (NASDAQ:AMD) shares fell 0.8% following an analyst downgrade by Evercore ISI, which lowered its price target from $147 to $126 while maintaining an outperform rating. Other analysts have also adjusted their ratings, with Citigroup reaffirming a buy rating, while Melius downgraded to hold. The stock's trading volume was significantly lower than average. Insiders have been active, with EVP Philip Guido purchasing shares. Institutional investors hold 71.34% of AMD's stock, and the company has a market cap of $141.54 billion.