Advanced Micro Devices (NASDAQ:AMD) Shares Down 5.8% - Should You Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s share price dropped 5.8% during trading on Wednesday . The stock traded as low as $87.59 and last traded at $89.76. Approximately 20,213,527 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 43,222,096 shares. The stock had previously closed at $95.29.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AMD. Truist Financial set a $130.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Loop Capital started coverage on Advanced Micro Devices in a research report on Tuesday, January 14th. They issued a "buy" rating and a $175.00 target price on the stock. TD Cowen lowered their price target on Advanced Micro Devices from $135.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Citigroup reissued a "buy" rating on shares of Advanced Micro Devices in a report on Wednesday. Finally, Morgan Stanley set a $137.00 target price on Advanced Micro Devices in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $144.90.

Advanced Micro Devices Trading Down 0.9 %

The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The company's 50-day moving average is $100.93 and its 200-day moving average is $123.30. The stock has a market capitalization of $141.42 billion, a price-to-earnings ratio of 88.38, a PEG ratio of 1.11 and a beta of 1.89.

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

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. The trade was a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Philip Guido bought 4,645 shares of the business's stock in a transaction that occurred 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 completion of the purchase, the executive vice president now directly owns 33,522 shares of the company's stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.06% of the company's stock.

Institutional Investors Weigh In On Advanced Micro Devices

Hedge funds and other institutional investors have recently modified their holdings of the company. Bear Mountain Capital Inc. acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $25,000. Global Wealth Strategies & Associates purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $26,000. Greenline Partners LLC purchased a new position in Advanced Micro Devices during the fourth quarter worth about $28,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at about $29,000. Finally, Kozak & Associates Inc. increased its position in Advanced Micro Devices by 67.6% during the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after purchasing an additional 123 shares during the period. 71.34% of the stock is currently 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.