Advanced Micro Devices (NASDAQ:AMD) Shares Down 1.6% - Should You Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) shares dropped 1.6% during mid-day trading on Monday . The stock traded as low as $95.47 and last traded at $95.10. Approximately 7,523,573 shares were traded during trading, a decline of 82% from the average daily volume of 42,676,870 shares. The stock had previously closed at $96.65.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of recent research reports. Wedbush cut their target price on Advanced Micro Devices from $150.00 to $115.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Loop Capital started coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They issued a "buy" rating and a $175.00 price target for the company. Piper Sandler restated an "overweight" rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. StockNews.com downgraded Advanced Micro Devices from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. Finally, Roth Capital set a $140.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus target price of $140.57.

Advanced Micro Devices Trading Down 1.6 %

The company has a market capitalization of $153.67 billion, a P/E ratio of 96.05, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. The business has a fifty day moving average price of $98.72 and a 200 day moving average price of $120.25. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

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

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Philip Guido acquired 4,645 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following 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 disclosure for this purchase can be found here. Corporate insiders own 0.06% of the company's stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of hedge funds have recently bought and sold shares of AMD. KLP Kapitalforvaltning AS bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $65,897,000. Enzi Wealth purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $569,000. Welch Group LLC boosted its holdings in shares of Advanced Micro Devices by 6.3% in the 4th quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer's stock worth $6,179,000 after purchasing an additional 2,981 shares in the last quarter. Stonegate Investment Group LLC raised its stake in shares of Advanced Micro Devices by 39.5% during the fourth quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer's stock worth $61,896,000 after acquiring an additional 145,067 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in Advanced Micro Devices by 19.8% during the fourth quarter. Nordea Investment Management AB now owns 1,748,872 shares of the semiconductor manufacturer's stock valued at $212,943,000 after buying an additional 289,110 shares during the period. Institutional investors 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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