Advanced Micro Devices (NASDAQ:AMD) Trading Down 3.3% - Should You Sell?

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) were down 3.3% during trading on Friday . The stock traded as low as $125.87 and last traded at $126.34. Approximately 21,108,793 shares changed hands during trading, a decline of 61% from the average daily volume of 53,668,809 shares. The stock had previously closed at $130.60.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMD. TD Cowen reduced their price target on shares of Advanced Micro Devices from $210.00 to $185.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Evercore ISI increased their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Edward Jones assumed coverage on Advanced Micro Devices in a report on Tuesday, August 20th. They issued a "buy" rating on the stock. Piper Sandler reiterated an "overweight" rating and set a $180.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $180.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus price target of $192.36.

Advanced Micro Devices Stock 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 $204.44 billion, a P/E ratio of 113.82, a price-to-earnings-growth ratio of 1.88 and a beta of 1.65. The company has a 50 day simple moving average of $147.60 and a 200-day simple moving average of $152.43.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share 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 company's quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the business earned $0.53 earnings per share. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction 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 sale, the executive vice president now owns 293,347 shares of the company's stock, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 197,036 shares of company stock valued at $28,165,821. 0.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Several hedge funds have recently bought and sold shares of AMD. DGS Capital Management LLC raised its position in shares of Advanced Micro Devices by 98.7% in the 3rd quarter. DGS Capital Management LLC now owns 2,452 shares of the semiconductor manufacturer's stock worth $402,000 after purchasing an additional 1,218 shares during the last quarter. Inspire Trust Co. N.A. lifted its stake in shares of Advanced Micro Devices by 68.7% in the third quarter. Inspire Trust Co. N.A. now owns 33,000 shares of the semiconductor manufacturer's stock worth $5,415,000 after buying an additional 13,441 shares in the last quarter. Synovus Financial Corp grew its holdings in shares of Advanced Micro Devices by 26.2% during the third quarter. Synovus Financial Corp now owns 33,769 shares of the semiconductor manufacturer's stock valued at $5,541,000 after buying an additional 7,006 shares during the last quarter. Destination Wealth Management increased its position in shares of Advanced Micro Devices by 32.4% during the third quarter. Destination Wealth Management now owns 11,680 shares of the semiconductor manufacturer's stock valued at $1,916,000 after acquiring an additional 2,855 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its position in Advanced Micro Devices by 189.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 16,095 shares of the semiconductor manufacturer's stock valued at $2,641,000 after acquiring an additional 10,539 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

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.

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