Advanced Micro Devices (NASDAQ:AMD) Shares Down 2.9% - Should You Sell?

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) dropped 2.9% during mid-day trading on Monday . The stock traded as low as $84.51 and last traded at $84.98. Approximately 9,718,591 shares changed hands during trading, a decline of 77% from the average daily volume of 42,887,170 shares. The stock had previously closed at $87.50.

Analyst Ratings Changes

A number of research firms recently issued reports on AMD. DZ Bank lowered Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a research note on Friday, February 7th. Benchmark restated a "buy" rating and set a $170.00 target price on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Morgan Stanley set a $137.00 target price on Advanced Micro Devices in a report on Wednesday, February 5th. Bank of America dropped their price objective on Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Finally, Melius lowered Advanced Micro Devices from a "buy" rating to a "hold" rating and decreased their target price for the stock from $160.00 to $129.00 in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $142.23.

Advanced Micro Devices Stock Performance

The firm has a market capitalization of $150.27 billion, a PE ratio of 93.91, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. The firm has a 50-day moving average price of $99.90 and a 200 day moving average price of $122.17. 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 issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the 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 transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. This represents a 1.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Philip Guido acquired 4,645 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.06% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Hedge funds have recently bought and sold shares of the business. Howard Capital Management Group LLC grew 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 purchasing an additional 324 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Advanced Micro Devices by 30.2% in the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer's stock worth $416,430,000 after acquiring an additional 588,595 shares in the last quarter. Advisory Resource Group lifted its position in shares of Advanced Micro Devices by 19.3% in the third quarter. Advisory Resource Group now owns 7,920 shares of the semiconductor manufacturer's stock worth $1,300,000 after purchasing an additional 1,282 shares in the last quarter. Westside Investment Management Inc. raised its position in Advanced Micro Devices by 1.9% during the third quarter. Westside Investment Management Inc. now owns 5,407 shares of the semiconductor manufacturer's stock worth $815,000 after acquiring an additional 103 shares in the last quarter. Finally, Anchor Investment Management LLC raised its position in shares of Advanced Micro Devices by 29.6% in the third quarter. Anchor Investment Management LLC now owns 7,673 shares of the semiconductor manufacturer's stock valued at $1,259,000 after purchasing an additional 1,754 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

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.