Advanced Micro Devices (NASDAQ:AMD) Shares Down 0.8% – Should You Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price dropped 0.8% during trading on Friday . The stock traded as low as $113.01 and last traded at $113.22. Approximately 10,480,008 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 39,862,895 shares. The stock had previously closed at $114.17.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMD. Melius lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and lowered their target price for the stock from $160.00 to $129.00 in a report on Tuesday, January 28th. Bank of America decreased their price objective on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Argus set a $160.00 target price on shares of Advanced Micro Devices in a research note on Thursday, February 6th. Wedbush restated an “outperform” rating and set a $150.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, Hsbc Global Res cut Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $155.83.

Advanced Micro Devices Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The company has a market cap of $179.61 billion, a price-to-earnings ratio of 111.96, a price-to-earnings-growth ratio of 1.15 and a beta of 1.65. The stock has a 50-day moving average price of $118.84 and a 200 day moving average price of $137.99.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Activity

In other news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.73% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

Several hedge funds have recently modified their holdings of the stock. Jacobsen Capital Management increased its position in shares of Advanced Micro Devices by 2.1% during the 3rd quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer’s stock worth $554,000 after purchasing an additional 70 shares during the last quarter. Sigma Investment Counselors Inc. grew its stake in shares of Advanced Micro Devices by 5.3% in the third quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer’s stock valued at $243,000 after buying an additional 74 shares in the last quarter. Bedell Frazier Investment Counselling LLC increased its holdings in Advanced Micro Devices by 4.3% during the third quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock worth $292,000 after buying an additional 74 shares during the last quarter. Rosenberg Matthew Hamilton raised its position in Advanced Micro Devices by 3.9% during the third quarter. Rosenberg Matthew Hamilton now owns 1,992 shares of the semiconductor manufacturer’s stock worth $327,000 after acquiring an additional 75 shares in the last quarter. Finally, NCM Capital Management LLC raised its position in Advanced Micro Devices by 0.9% during the third quarter. NCM Capital Management LLC now owns 8,654 shares of the semiconductor manufacturer’s stock worth $1,420,000 after acquiring an additional 75 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.