Advanced Micro Devices (NASDAQ:AMD) Trading Down 1.3% – Should You Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD) traded down 1.3% during mid-day trading on Monday . The company traded as low as $123.12 and last traded at $125.27. 15,732,225 shares changed hands during trading, a decline of 71% from the average session volume of 53,714,383 shares. The stock had previously closed at $126.91.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Benchmark reiterated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Thursday, October 31st. Mizuho cut their price objective on shares of Advanced Micro Devices from $185.00 to $180.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Edward Jones assumed coverage on shares of Advanced Micro Devices in a research report on Tuesday, August 20th. They issued a “buy” rating on the stock. UBS Group reduced their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Bank of America cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their target price for the stock from $180.00 to $155.00 in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $192.36.

Advanced Micro Devices Price Performance

The stock has a market cap of $205.59 billion, a PE ratio of 114.14, a price-to-earnings-growth ratio of 1.88 and a beta of 1.65. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The company’s fifty day moving average is $146.72 and its 200 day moving average is $151.92.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 EPS. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 197,036 shares of company stock worth $28,165,821. 0.73% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Several hedge funds and other institutional investors have recently made changes to their positions in AMD. Hennion & Walsh Asset Management Inc. increased its stake in shares of Advanced Micro Devices by 327.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 6,251 shares of the semiconductor manufacturer’s stock valued at $1,014,000 after acquiring an additional 4,788 shares during the period. Dakota Wealth Management boosted its stake in Advanced Micro Devices by 21.9% during the second quarter. Dakota Wealth Management now owns 10,113 shares of the semiconductor manufacturer’s stock valued at $1,640,000 after buying an additional 1,820 shares in the last quarter. Pallas Capital Advisors LLC grew its holdings in Advanced Micro Devices by 22.8% during the second quarter. Pallas Capital Advisors LLC now owns 3,754 shares of the semiconductor manufacturer’s stock worth $585,000 after acquiring an additional 698 shares during the period. Carnegie Investment Counsel raised its position in Advanced Micro Devices by 12.7% in the second quarter. Carnegie Investment Counsel now owns 31,284 shares of the semiconductor manufacturer’s stock worth $5,075,000 after acquiring an additional 3,525 shares in the last quarter. Finally, GFG Capital LLC lifted its holdings in Advanced Micro Devices by 21.6% in the 2nd quarter. GFG Capital LLC now owns 5,647 shares of the semiconductor manufacturer’s stock valued at $916,000 after acquiring an additional 1,004 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.