Advanced Micro Devices (NASDAQ:AMD) Shares Down 7.9% – Should You Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price was down 7.9% during trading on Friday . The stock traded as low as $83.67 and last traded at $86.35. Approximately 23,685,391 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 43,179,895 shares. The stock had previously closed at $93.80.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AMD. DZ Bank cut Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a research report on Friday, February 7th. Jefferies Financial Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and lowered their price target for the company from $135.00 to $120.00 in a report on Thursday, March 27th. Hsbc Global Res cut shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. Wells Fargo & Company restated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $152.72.

Advanced Micro Devices Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The business has a 50-day moving average of $107.62 and a 200-day moving average of $129.56. The company has a market capitalization of $141.93 billion, a P/E ratio of 88.41, a P/E/G ratio of 1.11 and a beta of 1.88.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (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%. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Activity

In other news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction on Friday, February 7th. The shares were 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 directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.65% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Sage Capital Advisors llc raised its holdings in shares of Advanced Micro Devices by 2.8% in the first quarter. Sage Capital Advisors llc now owns 6,568 shares of the semiconductor manufacturer’s stock valued at $675,000 after acquiring an additional 182 shares in the last quarter. Moody National Bank Trust Division increased its position in Advanced Micro Devices by 3.8% during the 1st quarter. Moody National Bank Trust Division now owns 18,071 shares of the semiconductor manufacturer’s stock valued at $1,857,000 after purchasing an additional 662 shares during the period. Versant Capital Management Inc raised its holdings in shares of Advanced Micro Devices by 173.0% in the 1st quarter. Versant Capital Management Inc now owns 3,765 shares of the semiconductor manufacturer’s stock valued at $387,000 after purchasing an additional 2,386 shares in the last quarter. Central Pacific Bank Trust Division lifted its position in shares of Advanced Micro Devices by 40.3% in the 1st quarter. Central Pacific Bank Trust Division now owns 18,435 shares of the semiconductor manufacturer’s stock worth $1,894,000 after purchasing an additional 5,294 shares during the period. Finally, First Hawaiian Bank lifted its position in shares of Advanced Micro Devices by 14.6% in the 1st quarter. First Hawaiian Bank now owns 4,515 shares of the semiconductor manufacturer’s stock worth $464,000 after purchasing an additional 574 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.