Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 1.5% – Time to Sell?

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) traded down 1.5% during trading on Thursday . The company traded as low as $98.67 and last traded at $100.17. 8,295,189 shares were traded during mid-day trading, a decline of 79% from the average session volume of 39,675,164 shares. The stock had previously closed at $101.67.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AMD. Wells Fargo & Company reiterated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. UBS Group set a $175.00 target price on Advanced Micro Devices in a research report on Wednesday, February 5th. KeyCorp reduced their price target on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Citigroup reiterated a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Finally, Susquehanna reduced their target price on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $155.83.

Advanced Micro Devices Trading Down 2.7 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The stock has a market capitalization of $160.30 billion, a price-to-earnings ratio of 99.52, a PEG ratio of 1.11 and a beta of 1.65. The company’s 50 day moving average is $115.41 and its 200 day moving average is $135.92.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The stock was bought 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 in the company, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.73% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Bear Mountain Capital Inc. bought a new stake in Advanced Micro Devices during the fourth quarter worth $25,000. Global Wealth Strategies & Associates bought a new position in Advanced Micro Devices during the fourth quarter worth about $26,000. Greenline Partners LLC acquired a new position in Advanced Micro Devices during the fourth quarter worth approximately $28,000. Halbert Hargrove Global Advisors LLC bought a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $29,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Advanced Micro Devices in the third quarter valued at approximately $41,000. 71.34% of the stock is owned by institutional investors and hedge funds.

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.