Advanced Micro Devices (NASDAQ:AMD) Shares Down 4.1% - Time to Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s stock price dropped 4.1% on Wednesday . The company traded as low as $120.77 and last traded at $122.11. Approximately 19,779,599 shares were traded during trading, a decline of 44% from the average daily volume of 35,398,195 shares. The stock had previously closed at $127.33.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. TD Cowen decreased their target price on shares of Advanced Micro Devices from $210.00 to $185.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Mizuho decreased their price objective on shares of Advanced Micro Devices from $185.00 to $180.00 and set an "outperform" rating on the stock in a research report on Thursday, December 5th. Morgan Stanley dropped their target price on shares of Advanced Micro Devices from $169.00 to $158.00 and set an "equal weight" rating for the company in a report on Friday, December 20th. HSBC restated a "reduce" rating and set a $110.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday. Finally, Bank of America cut Advanced Micro Devices from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $180.00 to $155.00 in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $187.86.

Advanced Micro Devices Trading Down 4.3 %

The stock's 50 day moving average is $134.07 and its 200-day moving average is $147.40. The company has a market cap of $197.72 billion, a P/E ratio of 109.77, a PEG ratio of 1.88 and a beta of 1.66. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business's revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at $508,834,266.92. This represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 197,036 shares of company stock worth $28,165,821. Insiders own 0.65% of the company's stock.

Institutional Trading of Advanced Micro Devices

Hedge funds have recently bought and sold shares of the company. Creative Capital Management Investments LLC grew its position 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 valued at $25,000 after acquiring an additional 86 shares during the period. ZRC Wealth Management LLC lifted its position in Advanced Micro Devices by 90.4% during 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 bought a new stake in Advanced Micro Devices during the fourth quarter valued at about $26,000. Fairway Wealth LLC purchased a new stake in Advanced Micro Devices in the second quarter worth about $27,000. Finally, Abich Financial Wealth Management LLC raised its stake in shares of Advanced Micro Devices by 101.8% in the second quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer's stock worth $36,000 after buying an additional 111 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

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.