Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 1.8% – Should You Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s share price dropped 1.8% during mid-day trading on Thursday . The company traded as low as $102.42 and last traded at $102.88. Approximately 11,930,308 shares changed hands during trading, a decline of 70% from the average daily volume of 39,365,129 shares. The stock had previously closed at $104.74.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMD. Mizuho dropped their price objective on shares of Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Argus set a $160.00 price objective on shares of Advanced Micro Devices in a report on Thursday, February 6th. Wolfe Research lowered shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. DZ Bank lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a report on Friday, February 7th. Finally, Loop Capital began coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price objective for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $155.83.

Advanced Micro Devices Trading Up 0.3 %

The company’s fifty day moving average is $116.94 and its two-hundred day moving average is $136.90. The stock has a market cap of $161.74 billion, a price-to-earnings ratio of 100.82, a PEG ratio of 1.11 and a beta of 1.65. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Philip Guido purchased 4,645 shares of the company’s stock in a transaction on Friday, February 7th. The shares were bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $10,912,919.36. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Hedge funds have recently added to or reduced their stakes in the stock. Swedbank AB grew its position in shares of Advanced Micro Devices by 0.8% during the third quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock worth $353,040,000 after acquiring an additional 17,446 shares during the last quarter. Howard Capital Management Group LLC grew its position in shares of Advanced Micro Devices by 21.6% during the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock worth $300,000 after acquiring an additional 324 shares during the last quarter. Goldstone Financial Group LLC purchased a new position in shares of Advanced Micro Devices during the third quarter worth approximately $227,000. HM Payson & Co. grew its position in shares of Advanced Micro Devices by 22.9% during the third quarter. HM Payson & Co. now owns 4,814 shares of the semiconductor manufacturer’s stock worth $790,000 after acquiring an additional 896 shares during the last quarter. Finally, AustralianSuper Pty Ltd grew its position in shares of Advanced Micro Devices by 15.9% during the third quarter. AustralianSuper Pty Ltd now owns 10,350 shares of the semiconductor manufacturer’s stock worth $1,698,000 after acquiring an additional 1,421 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

About Advanced Micro Devices

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.