Advanced Micro Devices (NASDAQ:AMD) Shares Down 2.2% - Should You Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s share price fell 2.2% during trading on Monday . The stock traded as low as $77.75 and last traded at $83.91. Approximately 28,507,158 shares were traded during trading, a decline of 34% from the average session volume of 43,012,939 shares. The stock had previously closed at $85.76.

Analysts Set New Price Targets

AMD has been the subject of a number of research analyst reports. The Goldman Sachs Group lowered shares of Advanced Micro Devices from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $175.00 to $129.00 in a research note on Friday, January 10th. Bank of America cut their target price on Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Piper Sandler reissued an "overweight" rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Barclays lowered their target price on Advanced Micro Devices from $170.00 to $140.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Finally, Citigroup cut their target price on shares of Advanced Micro Devices from $110.00 to $100.00 and set a "neutral" rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and an average price target of $148.76.

Remove Ads

Advanced Micro Devices Trading Up 5.3 %

The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average of $102.89 and a two-hundred day moving average of $125.81. The firm has a market cap of $150.96 billion, a P/E ratio of 94.34, a PEG ratio of 1.11 and a beta of 1.89.

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

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Philip Guido acquired 4,645 shares of the stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.73% of the company's stock.

Institutional Trading of Advanced Micro Devices

Several large investors have recently modified their holdings of the stock. Howard Capital Management Group LLC lifted its holdings in shares of Advanced Micro Devices by 21.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer's stock worth $300,000 after acquiring an additional 324 shares during the period. Principal Financial Group Inc. lifted its position in shares of Advanced Micro Devices by 30.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer's stock worth $416,430,000 after buying an additional 588,595 shares during the last quarter. Fortem Financial Group LLC lifted its position in shares of Advanced Micro Devices by 11.3% during the 3rd quarter. Fortem Financial Group LLC now owns 2,942 shares of the semiconductor manufacturer's stock worth $483,000 after buying an additional 299 shares during the last quarter. TD Private Client Wealth LLC grew its position in Advanced Micro Devices by 5.5% in the third quarter. TD Private Client Wealth LLC now owns 10,528 shares of the semiconductor manufacturer's stock valued at $1,727,000 after acquiring an additional 550 shares during the last quarter. Finally, Rehmann Capital Advisory Group grew its position in Advanced Micro Devices by 27.3% in the third quarter. Rehmann Capital Advisory Group now owns 7,847 shares of the semiconductor manufacturer's stock valued at $1,289,000 after acquiring an additional 1,684 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

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.