Advanced Micro Devices (NASDAQ:AMD) Reaches New 1-Year Low - Should You Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $95.83 and last traded at $96.63, with a volume of 38570162 shares changing hands. The stock had previously closed at $100.31.

Wall Street Analysts Forecast Growth

AMD has been the subject of several research reports. Truist Financial set a $130.00 price target on Advanced Micro Devices in a report on Wednesday, February 5th. Roth Capital set a $140.00 price target on Advanced Micro Devices in a report on Wednesday, February 5th. HSBC reiterated a "reduce" rating and set a $110.00 price target (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Benchmark reiterated a "buy" rating and set a $170.00 price target on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Finally, TD Cowen cut their price objective on Advanced Micro Devices from $185.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $155.83.

Advanced Micro Devices Trading Up 3.6 %

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 company has a market cap of $162.47 billion, a price-to-earnings ratio of 101.27, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. The business has a 50 day simple moving average of $113.39 and a 200 day simple moving average of $134.17.

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Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Philip Guido acquired 4,645 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.73% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Bear Mountain Capital Inc. bought a new position in Advanced Micro Devices in the fourth quarter valued at approximately $25,000. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices during the 4th quarter worth approximately $26,000. Greenline Partners LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth approximately $28,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth approximately $29,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth approximately $30,000. 71.34% of the stock is currently owned by institutional investors.

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.