Bearish Reaction To Semiconductors: Vetr Crowd Downgrades Advanced Micro Devices And Texas Instruments

Semiconductor stocks have been one of the most difficult sectors for investors over the past year. One of the most notable names in the group, Advanced Micro Devices, has seen its stock fall more than 15 percent over the past year, noticeably underperforming the PHLX Semiconductor Index that is nearly flat over the same period.

Advanced Micro Devices

Shares of Advanced Micro Devices bottomed at $1.61 back in July and have gained more than 40 percent over the past three months. Nevertheless, the Vetr crowd, a crowdsourced stock ratings platform, downgraded Advanced Micro Devices' crowd-sourced rating on Wednesday to 1.5 stars (out of a possible five) from a previous rating of two-stars.

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Less than 2 percent of Vetr users are holding Advanced Micro Devices on their watch-lists, while 60 percent of the crowd's ratings are bearish.

Texas Instruments

The Vetr crowd's bearish stance on semiconductors isn't limited to Advanced Micro Devices, as Texas Instruments' crowd-sourced rating was also downgraded to four stars (out of a possible five) from a previous rating of 4.5-stars.

Similar to Advanced Micro Devices, less than 2 percent of Vetr users are holding Texas Instruments on their watch-list. Nevertheless, the crowd's four-star rating still implies a certain degree of optimism, as 75 percent of the crowd's ratings are bullish. In addition, the crowd-sourced price target of $64.45 implies a potential return of nearly 12 percent.