Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 0.1% - Should You Sell?

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) traded down 0.1% during trading on Thursday . The company traded as low as $110.94 and last traded at $111.93. 9,576,212 shares were traded during mid-day trading, a decline of 77% from the average session volume of 42,531,622 shares. The stock had previously closed at $112.06.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Loop Capital cut their price objective on shares of Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Jefferies Financial Group lowered shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and dropped their price target for the stock from $135.00 to $120.00 in a research report on Thursday, March 27th. Roth Capital set a $140.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Evercore ISI dropped their price target on shares of Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Finally, Stifel Nicolaus set a $132.00 price target on shares of Advanced Micro Devices in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and an average price target of $132.58.

Advanced Micro Devices Price Performance

The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The company's 50 day moving average is $100.00 and its 200 day moving average is $113.61. The firm has a market capitalization of $178.86 billion, a price-to-earnings ratio of 111.43, a P/E/G ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. The firm had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The business's revenue for the quarter was up 35.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 earnings per share. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices announced that its board has authorized a share repurchase plan on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its stock is undervalued.

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. This trade represents a 1.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

Institutional Trading of Advanced Micro Devices

Large investors have recently modified their holdings of the stock. Rollins Financial Advisors LLC bought a new stake in shares of Advanced Micro Devices in the 1st quarter worth $223,000. McAdam LLC increased its holdings in shares of Advanced Micro Devices by 7.5% in the 1st quarter. McAdam LLC now owns 3,454 shares of the semiconductor manufacturer's stock worth $355,000 after buying an additional 242 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Advanced Micro Devices by 26.9% in the 1st quarter. Acadian Asset Management LLC now owns 81,864 shares of the semiconductor manufacturer's stock worth $8,406,000 after buying an additional 17,347 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Advanced Micro Devices by 18.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 15,219 shares of the semiconductor manufacturer's stock valued at $1,564,000 after purchasing an additional 2,422 shares during the last quarter. Finally, Acorns Advisers LLC grew its holdings in shares of Advanced Micro Devices by 36.8% during the 1st quarter. Acorns Advisers LLC now owns 10,532 shares of the semiconductor manufacturer's stock valued at $1,082,000 after purchasing an additional 2,835 shares during the last quarter. Institutional investors and hedge funds 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.