Advanced Micro Devices (NASDAQ:AMD) Trading Down 6% – Time to Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s share price fell 6% during trading on Thursday . The company traded as low as $96.43 and last traded at $96.79. 13,655,650 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 43,136,889 shares. The stock had previously closed at $102.96.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMD. Morgan Stanley set a $137.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $175.00 to $129.00 in a research report on Friday, January 10th. Argus set a $160.00 price target on Advanced Micro Devices in a research note on Thursday, February 6th. Bank of America cut their price target on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Finally, Jefferies Financial Group downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and dropped their price target for the company from $135.00 to $120.00 in a research note on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $152.72.

Advanced Micro Devices Stock Performance

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 firm has a market capitalization of $138.61 billion, a price-to-earnings ratio of 86.63, a P/E/G ratio of 1.11 and a beta of 1.88. The business has a 50-day moving average price of $106.88 and a 200-day moving average price of $129.10.

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

Insider Buying and Selling

In related news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.65% of the stock is currently owned by company insiders.

Institutional Trading of Advanced Micro Devices

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