Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 0.9% - Time to Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) traded down 0.9% on Thursday . The stock traded as low as $118.25 and last traded at $118.87. 11,788,800 shares changed hands during trading, a decline of 70% from the average session volume of 38,982,680 shares. The stock had previously closed at $119.96.

Analyst Ratings Changes

AMD has been the subject of several analyst reports. TD Cowen lowered their price objective on Advanced Micro Devices from $185.00 to $150.00 and set a "buy" rating for the company in a research note on Monday. Wolfe Research downgraded Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a research report on Thursday. HSBC reiterated a "reduce" rating and set a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Mizuho lowered their target price on shares of Advanced Micro Devices from $180.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, January 10th. Finally, The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a "buy" rating to a "neutral" rating and cut their price target for the company from $175.00 to $129.00 in a report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $179.68.

Advanced Micro Devices Price Performance

The firm has a market capitalization of $192.21 billion, a PE ratio of 106.70, a P/E/G ratio of 1.03 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The stock has a fifty day moving average price of $131.09 and a 200-day moving average price of $145.76.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts' consensus estimates of $0.92. The business had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm's revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices 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 completion of the sale, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Lisa T. Su sold 76,496 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at $508,834,266.92. The trade was a 2.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock valued at $28,165,821 over the last 90 days. Insiders own 0.73% of the company's stock.

Institutional Investors Weigh In On Advanced Micro Devices

A number of large investors have recently made changes to their positions in AMD. Creative Capital Management Investments LLC lifted its position 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 worth $25,000 after acquiring an additional 86 shares during the period. ZRC Wealth Management LLC lifted its holdings in shares of Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 75 shares during the period. Global Wealth Strategies & Associates purchased a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $26,000. Abich Financial Wealth Management LLC increased its holdings in Advanced Micro Devices by 101.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer's stock worth $36,000 after buying an additional 111 shares during the period. Finally, FSA Wealth Management LLC purchased a new position in Advanced Micro Devices during the 3rd quarter worth approximately $41,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

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.