Advanced Micro Devices (NASDAQ:AMD) Shares Down 1% - Time to Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) shares were down 1% on Tuesday . The company traded as low as $112.95 and last traded at $113.91. Approximately 14,743,340 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 37,621,918 shares. The stock had previously closed at $115.01.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMD. Benchmark reissued a "buy" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Thursday, October 31st. TD Cowen lowered their price objective on shares of Advanced Micro Devices from $185.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Roth Mkm reissued a "buy" rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Friday, October 11th. Bank of America cut Advanced Micro Devices from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $180.00 to $155.00 in a research report on Monday, December 9th. Finally, Citigroup dropped their price target 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $171.86.

Advanced Micro Devices Stock Performance

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 company has a market cap of $192.89 billion, a price-to-earnings ratio of 107.08, a PEG ratio of 1.09 and a beta of 1.66. The firm's 50-day moving average price is $126.74 and its 200 day moving average price is $142.09.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts' consensus estimates of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 EPS. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the business's 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 completion of the transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction 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 approximately $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock valued at $28,165,821 over the last three months. Company insiders own 0.73% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its stake in shares of Advanced Micro Devices by 17,137.3% during the 3rd quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer's stock worth $1,289,818,000 after buying an additional 7,815,305 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Advanced Micro Devices by 42.2% during the third quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer's stock worth $1,381,679,000 after acquiring an additional 2,497,056 shares in the last quarter. Van ECK Associates Corp boosted its position in Advanced Micro Devices by 23.3% during the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer's stock valued at $1,432,538,000 after purchasing an additional 2,238,866 shares during the last quarter. State Street Corp grew its stake in Advanced Micro Devices by 2.3% in the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock valued at $11,513,538,000 after purchasing an additional 1,580,035 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Advanced Micro Devices by 8.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer's stock worth $3,195,000,000 after purchasing an additional 1,565,083 shares during the last quarter. 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.

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