Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 1% – Should You Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD) dropped 1% during trading on Thursday . The company traded as low as $113.84 and last traded at $113.50. Approximately 10,345,915 shares changed hands during trading, a decline of 74% from the average daily volume of 40,247,715 shares. The stock had previously closed at $114.69.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AMD. Wolfe Research downgraded shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 16th. Morgan Stanley reduced their price target on shares of Advanced Micro Devices from $158.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. HSBC restated a “reduce” rating and issued a $110.00 price target (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Finally, Melius Research reaffirmed a “hold” rating and issued a $129.00 price objective (down previously from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $158.70.

Advanced Micro Devices Stock Performance

The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $118.84 and its two-hundred day moving average price is $137.94. The company has a market cap of $179.61 billion, a P/E ratio of 111.96, a price-to-earnings-growth ratio of 1.15 and a beta of 1.65.

Advanced Micro Devices (NASDAQ:AMD) last announced 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%. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Philip Guido purchased 4,645 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the firm’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 sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $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. Corporate insiders own 0.73% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Putney Financial Group LLC bought a new position in Advanced Micro Devices during the fourth quarter valued at approximately $402,000. Vermillion Wealth Management Inc. bought a new position in Advanced Micro Devices during the fourth quarter valued at approximately $66,000. Mackenzie Financial Corp raised its position in Advanced Micro Devices by 36.8% during the fourth quarter. Mackenzie Financial Corp now owns 271,398 shares of the semiconductor manufacturer’s stock valued at $32,782,000 after acquiring an additional 73,062 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Advanced Micro Devices during the fourth quarter valued at approximately $231,000. Finally, Warm Springs Advisors Inc. bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $2,168,000. 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.