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

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares dropped 0.8% during mid-day trading on Tuesday . The stock traded as low as $112.71 and last traded at $112.93. Approximately 11,014,038 shares were traded during trading, a decline of 75% from the average daily volume of 43,498,447 shares. The stock had previously closed at $113.85.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AMD shares. Morgan Stanley set a $137.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Melius Research reissued a “hold” rating and issued a $129.00 target price (down previously from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, February 4th. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Piper Sandler reiterated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $152.72.

Advanced Micro Devices Trading Down 3.8 %

The business’s 50-day simple moving average is $109.99 and its two-hundred day simple moving average is $131.31. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $171.75 billion, a price-to-earnings ratio of 107.10, a PEG ratio of 1.11 and a beta of 1.74.

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

Insider Buying and Selling

In related news, EVP Philip Guido acquired 4,645 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was bought at an average price 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. The trade was a 16.09 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.73% of the stock is owned by company insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Several institutional investors have recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth approximately $65,897,000. State Street Corp raised its position in Advanced Micro Devices by 2.3% during the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock worth $11,513,538,000 after buying an additional 1,580,035 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Advanced Micro Devices by 1.3% in the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock valued at $5,597,337,000 after acquiring an additional 441,924 shares in the last quarter. Enzi Wealth purchased a new position in Advanced Micro Devices during the fourth quarter worth about $569,000. Finally, Welch Group LLC lifted its position in Advanced Micro Devices by 6.3% in the fourth quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer’s stock valued at $6,179,000 after purchasing an additional 2,981 shares during the period. Institutional investors and hedge funds 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.