Advanced Micro Devices (NASDAQ:AMD) Trading Down 0.6% Following Analyst Downgrade

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s stock price was down 0.6% on Monday after Wells Fargo & Company lowered their price target on the stock from $205.00 to $165.00. Wells Fargo & Company currently has an overweight rating on the stock. Advanced Micro Devices traded as low as $114.41 and last traded at $115.38. Approximately 15,717,378 shares were traded during trading, a decline of 60% from the average daily volume of 39,672,891 shares. The stock had previously closed at $116.04.

A number of other research firms have also recently weighed in on AMD. Barclays cut their price target on Advanced Micro Devices from $180.00 to $170.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. UBS Group cut their target price on shares of Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Bank of America downgraded shares of Advanced Micro Devices from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $180.00 to $155.00 in a report on Monday, December 9th. StockNews.com raised shares of Advanced Micro Devices from a "sell" rating to a "hold" rating in a research report on Monday, January 6th. Finally, The Goldman Sachs Group cut shares of Advanced Micro Devices from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $175.00 to $129.00 in a research note on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $182.44.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 76,496 shares of the 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 transaction, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 197,036 shares of company stock valued at $28,165,821. Corporate insiders own 0.73% of the company's stock.

Institutional Trading of Advanced Micro Devices

Several institutional investors have recently added to or reduced their stakes in the stock. Creative Capital Management Investments LLC raised its stake in shares of Advanced Micro Devices by 124.6% in 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 in 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 acquired a new position in shares of Advanced Micro Devices in the 2nd quarter worth approximately $27,000. Global Wealth Strategies & Associates bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $26,000. Finally, Abich Financial Wealth Management LLC raised its position in shares of Advanced Micro Devices by 101.8% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer's stock valued at $36,000 after acquiring an additional 111 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

The firm has a market capitalization of $190.39 billion, a price-to-earnings ratio of 105.69, a price-to-earnings-growth ratio of 1.88 and a beta of 1.66. The company has a 50-day moving average of $132.11 and a 200-day moving average of $146.27. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

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. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company had revenue of $6.82 billion for the quarter, compared to analysts' expectations of $6.71 billion. During the same period in the prior year, the company earned $0.53 earnings per share. The firm's revenue was up 17.6% compared to the same quarter last year. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

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.