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

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) dropped 1.8% during mid-day trading on Thursday . The stock 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.

Analyst Ratings Changes

Several brokerages have recently weighed in on AMD. Wolfe Research lowered Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. The Goldman Sachs Group lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $175.00 to $129.00 in a research report on Friday, January 10th. Argus set a $160.00 target price on shares of Advanced Micro Devices in a report on Thursday, February 6th. DZ Bank lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research note on Friday, February 7th. Finally, Wells Fargo & Company restated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.83.

Advanced Micro Devices Trading Down 5.0 %

The company has a 50 day moving average of $117.72 and a 200 day moving average of $137.42. The firm has a market cap of $161.25 billion, a P/E ratio of 100.52, a PEG ratio of 1.11 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

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

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Philip Guido purchased 4,645 shares of the stock in a transaction on Friday, February 7th. The shares were bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now 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 ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.65% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Azzad Asset Management Inc. ADV increased its stake in shares of Advanced Micro Devices by 8.7% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 11,605 shares of the semiconductor manufacturer’s stock worth $1,402,000 after purchasing an additional 924 shares during the period. Bernard Wealth Management Corp. acquired a new stake in Advanced Micro Devices in the 4th quarter valued at approximately $3,680,000. XY Planning Network Inc. bought a new position in Advanced Micro Devices in the 4th quarter worth approximately $451,000. LM Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 22.8% during the fourth quarter. LM Advisors LLC now owns 2,534 shares of the semiconductor manufacturer’s stock worth $306,000 after buying an additional 471 shares during the last quarter. Finally, Heck Capital Advisors LLC bought a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $275,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

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.