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

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s share price dropped 0.8% during mid-day trading on Wednesday . The stock traded as low as $109.06 and last traded at $110.24. Approximately 9,112,053 shares traded hands during trading, a decline of 78% from the average daily volume of 41,716,918 shares. The stock had previously closed at $111.10.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMD. Melius downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $160.00 to $129.00 in a report on Tuesday, January 28th. Morgan Stanley reduced their price objective on shares of Advanced Micro Devices from $158.00 to $147.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Melius Research reissued a “hold” rating and set a $129.00 target price (down from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday, January 28th. Evercore ISI boosted their price target on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Susquehanna lowered their price objective on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $158.70.

Advanced Micro Devices Stock Down 0.5 %

The company has a market capitalization of $179.17 billion, a price-to-earnings ratio of 111.62, a P/E/G ratio of 1.04 and a beta of 1.65. The company has a quick ratio of 1.78, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The business has a fifty day simple moving average of $122.17 and a two-hundred day simple moving average of $139.31.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Equities analysts expect that Advanced Micro Devices, Inc. will post 4.11 EPS for the current year.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.73% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Hedge funds and other institutional investors have recently made changes to their positions in the company. Summit Securities Group LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $31,000. Allianz SE bought a new position in Advanced Micro Devices in the fourth quarter valued at approximately $9,073,000. Allstate Corp boosted its holdings in shares of Advanced Micro Devices by 3,284.3% in the fourth quarter. Allstate Corp now owns 47,989 shares of the semiconductor manufacturer’s stock valued at $5,797,000 after buying an additional 46,571 shares during the period. Maridea Wealth Management LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth $696,000. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Advanced Micro Devices by 5.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 11,066 shares of the semiconductor manufacturer’s stock worth $1,337,000 after acquiring an additional 575 shares during the period. 71.34% of the stock is owned by institutional investors.

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.