Advanced Micro Devices (NASDAQ:AMD) Shares Down 1.9% – Should You Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price was down 1.9% on Tuesday . The company traded as low as $95.89 and last traded at $96.40. Approximately 16,294,782 shares changed hands during trading, a decline of 59% from the average daily volume of 39,780,727 shares. The stock had previously closed at $98.23.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Melius cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their price target for the company from $160.00 to $129.00 in a research report on Tuesday, January 28th. Melius Research restated a “hold” rating and issued a $129.00 price objective (down from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Mizuho lowered their target price on shares of Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company restated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Finally, Morgan Stanley set a $137.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus target price of $155.83.

Advanced Micro Devices Stock Performance

The stock has a market capitalization of $163.26 billion, a P/E ratio of 101.77, a P/E/G ratio of 1.11 and a beta of 1.65. The company’s 50-day moving average is $116.41 and its two-hundred day moving average is $136.49. 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 issued its quarterly earnings data 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%. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the stock in a transaction dated Friday, February 7th. The shares were bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices 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 completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. This represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMD. Bear Mountain Capital Inc. purchased a new position in Advanced Micro Devices during the fourth quarter valued at approximately $25,000. Global Wealth Strategies & Associates purchased a new position in Advanced Micro Devices during the fourth quarter valued at approximately $26,000. Greenline Partners LLC purchased a new position in Advanced Micro Devices during the fourth quarter valued at approximately $28,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $29,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $30,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

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.