Advanced Micro Devices (NASDAQ:AMD) Shares Down 1.8% – Should You Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price was down 1.8% on Thursday . The company traded as low as $102.42 and last traded at $102.88. Approximately 11,930,308 shares traded hands during trading, a decline of 70% from the average daily volume of 39,365,129 shares. The stock had previously closed at $104.74.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AMD. Roth Capital set a $140.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Loop Capital assumed coverage on Advanced Micro Devices in a research note on Tuesday, January 14th. They set a “buy” rating and a $175.00 price target for the company. Benchmark restated a “buy” rating and issued a $170.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, February 18th. TD Cowen decreased their target price on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Evercore ISI lifted their price target on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $155.83.

Advanced Micro Devices Stock Performance

The company has a 50-day moving average of $117.72 and a 200-day moving average of $137.42. The firm has a market capitalization of $161.25 billion, a price-to-earnings ratio of 100.52, a price-to-earnings-growth ratio of 1.11 and a beta of 1.66. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

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

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were 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 approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Philip Guido purchased 4,645 shares of the company’s stock in a transaction on Friday, February 7th. The stock was purchased at an average price 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. This trade represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.65% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Creative Capital Management Investments LLC grew its stake in shares of Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 86 shares in the last quarter. Bear Mountain Capital Inc. bought a new position in Advanced Micro Devices in the 4th quarter valued at about $25,000. Global Wealth Strategies & Associates bought a new position in Advanced Micro Devices in the 4th quarter valued at about $26,000. Greenline Partners LLC acquired a new position in Advanced Micro Devices during the 4th quarter valued at about $28,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $29,000. 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.