Advanced Micro Devices (NASDAQ:AMD) Trading Down 1% - What's Next?

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s share price fell 1% during trading on Thursday . The company traded as low as $113.84 and last traded at $113.50. 10,345,915 shares were traded during trading, a decline of 74% from the average session volume of 40,247,715 shares. The stock had previously closed at $114.69.

Analyst Ratings Changes

A number of research firms recently commented on AMD. DZ Bank cut Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a report on Friday, February 7th. Wolfe Research downgraded shares of Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a research report on Thursday, January 16th. Hsbc Global Res downgraded shares of Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research report on Wednesday, January 8th. Loop Capital initiated coverage on shares of Advanced Micro Devices in a research report on Tuesday, January 14th. They set a "buy" rating and a $175.00 price objective for the company. Finally, Argus upgraded shares of Advanced Micro Devices to a "strong-buy" rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and an average price target of $158.70.

Advanced Micro Devices Trading Down 2.9 %

The firm has a market capitalization of $179.61 billion, a price-to-earnings ratio of 111.96, a P/E/G ratio of 1.15 and a beta of 1.65. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The firm's 50-day simple moving average is $119.16 and its 200 day simple moving average is $138.11.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data 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%. Equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Activity

In other news, 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 value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Philip Guido purchased 4,645 shares of the company's stock in a transaction dated Friday, February 7th. The stock was purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.73% of the stock is owned by corporate insiders.

Institutional Trading of Advanced Micro Devices

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Putney Financial Group LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $402,000. Vermillion Wealth Management Inc. acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $66,000. Mackenzie Financial Corp grew its holdings in Advanced Micro Devices by 36.8% during the 4th quarter. Mackenzie Financial Corp now owns 271,398 shares of the semiconductor manufacturer's stock worth $32,782,000 after acquiring an additional 73,062 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $231,000. Finally, Warm Springs Advisors Inc. acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $2,168,000. 71.34% of the stock is currently 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.