Advanced Micro Devices (NASDAQ:AMD) Trading Down 2% – Time to Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price was down 2% during mid-day trading on Friday . The company traded as low as $106.79 and last traded at $107.96. Approximately 19,743,227 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 42,472,926 shares. The stock had previously closed at $110.16.

Analysts Set New Price Targets

AMD has been the topic of several recent analyst reports. Roth Mkm reiterated a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Friday, October 11th. Susquehanna decreased their target price on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a research note on Wednesday. Barclays dropped their price target on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. The Goldman Sachs Group cut 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. Finally, Summit Insights raised shares of Advanced Micro Devices to a “hold” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $158.70.

Advanced Micro Devices Price Performance

The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $174.50 billion, a price-to-earnings ratio of 96.87, a PEG ratio of 1.03 and a beta of 1.66. The stock has a fifty day moving average of $124.01 and a two-hundred day moving average of $140.18.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.19). Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.65% of the company’s stock.

Institutional Trading of Advanced Micro Devices

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Christopher J. Hasenberg Inc boosted its stake in Advanced Micro Devices by 12.0% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock valued at $97,000 after purchasing an additional 60 shares during the last quarter. Wealth Effects LLC lifted its holdings in shares of Advanced Micro Devices by 0.7% during the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock valued at $1,545,000 after purchasing an additional 65 shares in the last quarter. Jacobsen Capital Management boosted its position in shares of Advanced Micro Devices by 2.1% during the third quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer’s stock valued at $554,000 after buying an additional 70 shares during the last quarter. Sigma Investment Counselors Inc. raised its position in Advanced Micro Devices by 5.3% in the 3rd quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer’s stock worth $243,000 after buying an additional 74 shares during the last quarter. Finally, Bedell Frazier Investment Counselling LLC lifted its stake in Advanced Micro Devices by 4.3% during the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock valued at $292,000 after acquiring an additional 74 shares during the period. 71.34% of the stock is owned by 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.