Advanced Micro Devices (NASDAQ:AMD) Trading Down 1.3% - Should You Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) shares were down 1.3% during trading on Monday . The stock traded as low as $123.12 and last traded at $125.27. Approximately 15,732,225 shares traded hands during trading, a decline of 71% from the average daily volume of 53,714,383 shares. The stock had previously closed at $126.91.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Mizuho decreased their price target on shares of Advanced Micro Devices from $185.00 to $180.00 and set an "outperform" rating on the stock in a research report on Thursday, December 5th. Bank of America downgraded Advanced Micro Devices from a "buy" rating to a "neutral" rating and decreased their target price for the company from $180.00 to $155.00 in a research note on Monday, December 9th. TD Cowen dropped their price target on Advanced Micro Devices from $210.00 to $185.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Benchmark reaffirmed a "buy" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Thursday, October 31st. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 target price on shares of Advanced Micro Devices in a research note on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $192.36.

Advanced Micro Devices Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The stock has a market capitalization of $205.59 billion, a P/E ratio of 114.14, a P/E/G ratio of 1.88 and a beta of 1.65. The firm has a fifty day moving average of $145.83 and a two-hundred day moving average of $151.64.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.92. The company had revenue of $6.82 billion for 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%. Advanced Micro Devices's revenue was up 17.6% compared to the same quarter last year. During the same period last year, the company posted $0.53 earnings per share. On average, analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm's stock in a transaction dated 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 completion of the sale, the executive vice president now owns 293,347 shares of the company's stock, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at $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 worth $28,165,821 over the last quarter. Insiders own 0.73% of the company's stock.

Institutional Trading of Advanced Micro Devices

A number of institutional investors have recently bought and sold shares of the stock. Creative Capital Management Investments LLC grew its stake in Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock valued at $25,000 after purchasing an additional 86 shares during the last quarter. ZRC Wealth Management LLC boosted its position in Advanced Micro Devices by 90.4% in the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock valued at $26,000 after buying an additional 75 shares during the last quarter. Morton Brown Family Wealth LLC increased its holdings in Advanced Micro Devices by 94.4% in the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer's stock worth $27,000 after buying an additional 85 shares during the period. Fairway Wealth LLC purchased a new position in Advanced Micro Devices during the 2nd quarter worth approximately $27,000. Finally, Ridgewood Investments LLC acquired a new position in Advanced Micro Devices during the second quarter valued at $35,000. 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.