Advanced Micro Devices (NASDAQ:AMD) Shares Down 1.1% - Should You Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) was down 1.1% during mid-day trading on Wednesday . The stock traded as low as $137.06 and last traded at $137.85. Approximately 6,977,278 shares were traded during trading, a decline of 87% from the average daily volume of 55,171,910 shares. The stock had previously closed at $139.39.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AMD shares. UBS Group reduced their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. StockNews.com lowered shares of Advanced Micro Devices from a "hold" rating to a "sell" rating in a research report on Wednesday, July 31st. Citigroup cut their price objective on Advanced Micro Devices from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Benchmark reissued a "buy" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Thursday, October 31st. Finally, Wedbush restated an "outperform" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $192.79.

Advanced Micro Devices Stock Down 2.6 %

The firm has a 50-day moving average price of $154.46 and a two-hundred day moving average price of $154.95. The company has a market capitalization of $220.28 billion, a P/E ratio of 124.19, a PEG ratio of 1.87 and a beta of 1.71. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting analysts' consensus estimates of $0.92. The business had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period last year, the business earned $0.53 earnings per share. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 80,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares of the company's stock, 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 filing with the SEC, which is accessible through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company's stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of institutional investors and hedge funds have recently bought and sold shares of AMD. International Assets Investment Management LLC boosted its stake in shares of Advanced Micro Devices by 17,137.3% in the 3rd quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer's stock valued at $1,289,818,000 after purchasing an additional 7,815,305 shares during the last quarter. Van ECK Associates Corp grew its holdings in Advanced Micro Devices by 52.6% during the 2nd quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer's stock worth $1,402,412,000 after acquiring an additional 2,979,204 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Advanced Micro Devices by 42.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer's stock valued at $1,381,679,000 after acquiring an additional 2,497,056 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Advanced Micro Devices in the 2nd quarter valued at $296,178,000. Finally, Swedbank AB bought a new position in shares of Advanced Micro Devices in the 1st quarter worth $290,842,000. Institutional investors and hedge funds own 71.34% of the company's stock.

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.

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