Advanced Micro Devices (NASDAQ:AMD) Shares Down 0% - Here's Why

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s share price was down 0% during trading on Friday . The company traded as low as $117.54 and last traded at $118.83. Approximately 11,654,513 shares were traded during trading, a decline of 69% from the average daily volume of 37,445,445 shares. The stock had previously closed at $118.86.

Wall Street Analysts Forecast Growth

AMD has been the topic of several research reports. Citigroup decreased their target price on Advanced Micro Devices from $200.00 to $175.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. Bank of America lowered Advanced Micro Devices from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $180.00 to $155.00 in a research report on Monday, December 9th. Wolfe Research lowered shares of Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a report on Thursday, January 16th. Melius Research reaffirmed a "hold" rating and set a $129.00 price target (down from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Finally, Evercore ISI lifted their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $169.77.

Advanced Micro Devices Stock Down 2.4 %

The company has a market cap of $188.16 billion, a price-to-earnings ratio of 104.46, a price-to-earnings-growth ratio of 1.04 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The business has a 50-day simple moving average of $125.92 and a 200-day simple moving average of $141.24.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the company's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now owns 293,347 shares of the company's stock, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 197,036 shares of company stock valued at $28,165,821 in the last ninety days. Insiders own 0.73% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in Advanced Micro Devices by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer's stock valued at $1,584,515,000 after buying an additional 177,700 shares in the last quarter. Swiss National Bank grew its holdings in shares of Advanced Micro Devices by 0.3% in the 3rd quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer's stock worth $787,186,000 after acquiring an additional 12,500 shares during the last quarter. Shum Financial Group Inc. acquired a new stake in Advanced Micro Devices during the 3rd quarter worth about $858,000. State Street Corp lifted its position in shares of Advanced Micro Devices by 2.3% in the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock valued at $11,513,538,000 after acquiring an additional 1,580,035 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Advanced Micro Devices by 1.3% during the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer's stock valued at $5,597,337,000 after buying an additional 441,924 shares during the period. 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.