Advanced Micro Devices (NASDAQ:AMD) Sets New 52-Week Low - Should You Sell?

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $112.80 and last traded at $115.05, with a volume of 60841785 shares changing hands. The stock had previously closed at $122.84.

Analyst Upgrades and Downgrades

Several research firms have commented on AMD. Wells Fargo & Company lowered their target price on shares of Advanced Micro Devices from $205.00 to $165.00 and set an "overweight" rating on the stock in a research report on Monday, January 13th. Roth Mkm reiterated a "buy" rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, October 11th. The Goldman Sachs Group cut shares of Advanced Micro Devices from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $175.00 to $129.00 in a research note on Friday, January 10th. UBS Group lowered their target price on shares of Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Finally, Melius Research reissued a "hold" rating and set a $129.00 target price (down previously from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $171.04.

Advanced Micro Devices Price Performance

The company's 50 day simple moving average is $126.37 and its two-hundred day simple moving average is $141.93. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The stock has a market capitalization of $188.28 billion, a P/E ratio of 104.52, a PEG ratio of 1.04 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting analysts' consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period last year, the company earned $0.53 EPS. The business's quarterly revenue was up 17.6% compared to the same quarter last year. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares of the company's stock, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock valued at $28,165,821 over the last ninety days. Insiders own 0.73% of the company's stock.

Institutional Trading of Advanced Micro Devices

Large investors have recently bought and sold shares of the business. Creative Capital Management Investments LLC grew its stake in shares of Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock worth $25,000 after acquiring an additional 86 shares in the last quarter. ZRC Wealth Management LLC grew its position in Advanced Micro Devices by 90.4% in the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 75 shares in the last quarter. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices in the 4th quarter valued at $26,000. Retirement Wealth Solutions LLC bought a new stake in Advanced Micro Devices during the 4th quarter worth about $32,000. Finally, Compass Financial Services Inc acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth about $39,000. 71.34% of the stock is owned by 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.