Advanced Micro Devices (NASDAQ:AMD) Shares Down 5.1% - What's Next?

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) was down 5.1% on Tuesday . The company traded as low as $156.13 and last traded at $156.80. Approximately 20,007,945 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 57,744,059 shares. The stock had previously closed at $165.27.

Analyst Ratings Changes

AMD has been the subject of a number of recent analyst reports. Wedbush reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research report on Monday, October 7th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Wells Fargo & Company lifted their price objective on Advanced Micro Devices from $190.00 to $205.00 and gave the company an "overweight" rating in a research report on Thursday, July 11th. Finally, Citigroup lifted their price objective on Advanced Micro Devices from $176.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, July 15th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $195.00.

Advanced Micro Devices Trading Down 5.2 %

The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The firm has a market cap of $253.18 billion, a price-to-earnings ratio of 230.35, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70. The business has a 50 day moving average price of $152.48 and a 200-day moving average price of $157.15.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.01. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. Advanced Micro Devices's revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.40 earnings per share. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AMD. Tradewinds Capital Management LLC lifted its holdings in Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer's stock worth $25,000 after buying an additional 71 shares during the last quarter. Semmax Financial Advisors Inc. lifted its holdings in Advanced Micro Devices by 926.7% during the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 139 shares during the last quarter. ZRC Wealth Management LLC lifted its holdings in Advanced Micro Devices by 90.4% during the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock worth $26,000 after buying an additional 75 shares during the last quarter. Fairway Wealth LLC bought a new position in Advanced Micro Devices during the 2nd quarter worth approximately $27,000. Finally, Valued Wealth Advisors LLC raised its position in shares of Advanced Micro Devices by 70.7% during the 1st quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer's stock worth $31,000 after purchasing an additional 70 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

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.