Advanced Micro Devices (NASDAQ:AMD) Shares Down 2.3% - Time to Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) shares traded down 2.3% during mid-day trading on Monday . The company traded as low as $97.80 and last traded at $98.05. 11,961,512 shares traded hands during trading, a decline of 70% from the average session volume of 39,370,242 shares. The stock had previously closed at $100.31.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMD. Melius downgraded shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and dropped their price objective for the company from $160.00 to $129.00 in a report on Tuesday, January 28th. Citigroup restated a "buy" rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Piper Sandler reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Roth Capital set a $140.00 price objective on Advanced Micro Devices in a report on Wednesday, February 5th. Finally, DZ Bank lowered Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 target price on the stock. in a report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average target price of $155.83.

Advanced Micro Devices Stock Up 0.1 %

The company has a market cap of $156.80 billion, a PE ratio of 97.74, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. The business has a fifty day simple moving average of $113.39 and a two-hundred day simple moving average of $134.17. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

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

Insider Transactions at Advanced Micro Devices

In related news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices 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 transaction, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.73% of the company's stock.

Institutional Trading of Advanced Micro Devices

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lighthouse Financial LLC acquired a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $702,000. Probity Advisors Inc. boosted its holdings in Advanced Micro Devices by 14.7% in the 4th quarter. Probity Advisors Inc. now owns 7,720 shares of the semiconductor manufacturer's stock valued at $932,000 after purchasing an additional 992 shares during the last quarter. Audent Global Asset Management LLC grew its stake in shares of Advanced Micro Devices by 240.3% in the 4th quarter. Audent Global Asset Management LLC now owns 35,992 shares of the semiconductor manufacturer's stock valued at $4,347,000 after buying an additional 25,414 shares during the period. Park Square Financial Group LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $52,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at approximately $186,718,000. 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.