Advanced Micro Devices (NASDAQ:AMD) Trading Down 1.4% – Should You Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares traded down 1.4% during mid-day trading on Wednesday . The stock traded as low as $99.41 and last traded at $99.37. 8,378,556 shares were traded during mid-day trading, a decline of 79% from the average session volume of 39,968,492 shares. The stock had previously closed at $100.75.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Citigroup restated a “buy” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Summit Insights raised shares of Advanced Micro Devices to a “hold” rating in a research report on Tuesday, February 4th. KeyCorp lowered their target price on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Melius Research restated a “hold” rating and issued a $129.00 price target (down from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Finally, UBS Group set a $175.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $155.83.

Advanced Micro Devices Trading Down 0.0 %

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 company has a market cap of $163.19 billion, a price-to-earnings ratio of 101.57, a P/E/G ratio of 1.11 and a beta of 1.65. The business has a fifty day simple moving average of $115.90 and a 200 day simple moving average of $136.16.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly 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 return on equity of 7.42% and a net margin of 6.36%. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The stock was bought at an average cost 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.73% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Large investors have recently bought and sold shares of the stock. Bear Mountain Capital Inc. acquired a new position in Advanced Micro Devices in the fourth quarter valued at $25,000. Global Wealth Strategies & Associates purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $26,000. Greenline Partners LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth approximately $28,000. Halbert Hargrove Global Advisors LLC acquired a new position in Advanced Micro Devices during the fourth quarter valued at approximately $29,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth $30,000. Hedge funds and other institutional investors 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.