Advanced Micro Devices (NASDAQ:AMD) Sets New 52-Week Low – Time to Sell?

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $115.01 and last traded at $115.28, with a volume of 12895736 shares trading hands. The stock had previously closed at $121.84.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. UBS Group dropped their price target on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Hsbc Global Res cut Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday. The Goldman Sachs Group lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $175.00 to $129.00 in a research report on Friday. Finally, Evercore ISI raised their price target on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus target price of $185.96.

Advanced Micro Devices Trading Down 5.6 %

The company has a 50-day simple moving average of $133.09 and a 200-day simple moving average of $147.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The stock has a market cap of $186.66 billion, a P/E ratio of 103.62, a P/E/G ratio of 1.88 and a beta of 1.66.

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

Insider Activity

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 197,036 shares of company stock valued at $28,165,821. Company insiders own 0.65% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AMD. Watts Gwilliam & Co. LLC increased its stake in Advanced Micro Devices by 151.6% in the fourth quarter. Watts Gwilliam & Co. LLC now owns 19,279 shares of the semiconductor manufacturer’s stock valued at $2,455,000 after purchasing an additional 11,616 shares in the last quarter. Park National Corp OH increased its position in shares of Advanced Micro Devices by 87.1% in the 4th quarter. Park National Corp OH now owns 2,683 shares of the semiconductor manufacturer’s stock valued at $324,000 after buying an additional 1,249 shares in the last quarter. Norway Savings Bank raised its stake in Advanced Micro Devices by 2.9% during the 4th quarter. Norway Savings Bank now owns 12,612 shares of the semiconductor manufacturer’s stock worth $1,523,000 after buying an additional 358 shares during the period. Bank of New Hampshire lifted its holdings in Advanced Micro Devices by 1.5% during the fourth quarter. Bank of New Hampshire now owns 9,802 shares of the semiconductor manufacturer’s stock worth $1,184,000 after acquiring an additional 148 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. grew its stake in Advanced Micro Devices by 72.5% in the fourth quarter. Canandaigua National Bank & Trust Co. now owns 5,712 shares of the semiconductor manufacturer’s stock valued at $690,000 after acquiring an additional 2,400 shares during the period. Institutional investors 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.