Advanced Micro Devices (NASDAQ:AMD) Trading Down 1.1% - Should You Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s stock price traded down 1.1% on Friday . The stock traded as low as $115.14 and last traded at $117.19. 13,436,343 shares were traded during trading, a decline of 67% from the average session volume of 41,300,828 shares. The stock had previously closed at $118.50.

Wall Street Analysts Forecast Growth

AMD has been the subject of several analyst reports. HSBC upgraded shares of Advanced Micro Devices from a "reduce" rating to a "hold" rating in a research report on Tuesday, May 27th. Sanford C. Bernstein cut their price target on Advanced Micro Devices from $125.00 to $95.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Mizuho lifted their price objective on Advanced Micro Devices from $117.00 to $135.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Evercore ISI set a $144.00 target price on Advanced Micro Devices and gave the company an "outperform" rating in a research note on Friday. Finally, Piper Sandler raised their target price on Advanced Micro Devices from $125.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday. Fifteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus price target of $134.61.

Advanced Micro Devices Stock Up 8.8%

The firm's 50-day simple moving average is $104.51 and its 200 day simple moving average is $111.15. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The stock has a market capitalization of $204.93 billion, a P/E ratio of 127.67, a PEG ratio of 1.11 and a beta of 1.99.

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

Advanced Micro Devices declared that its board has authorized a stock repurchase plan on Wednesday, May 14th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction 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 approximately $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.06% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Lynx Investment Advisory grew its stake in Advanced Micro Devices by 10.2% in the 1st quarter. Lynx Investment Advisory now owns 2,448 shares of the semiconductor manufacturer's stock valued at $252,000 after buying an additional 227 shares during the last quarter. Optima Capital LLC lifted its position in Advanced Micro Devices by 10.2% during the first quarter. Optima Capital LLC now owns 4,696 shares of the semiconductor manufacturer's stock worth $482,000 after purchasing an additional 433 shares during the period. 1248 Management LLC increased its stake in Advanced Micro Devices by 78.6% in the first quarter. 1248 Management LLC now owns 15,300 shares of the semiconductor manufacturer's stock valued at $1,572,000 after acquiring an additional 6,731 shares during the last quarter. Militia Capital Partners LP increased its stake in shares of Advanced Micro Devices by 137.5% in the 1st quarter. Militia Capital Partners LP now owns 1,900 shares of the semiconductor manufacturer's stock valued at $195,000 after purchasing an additional 1,100 shares during the last quarter. Finally, First Hawaiian Bank raised its holdings in shares of Advanced Micro Devices by 14.6% during the 1st quarter. First Hawaiian Bank now owns 4,515 shares of the semiconductor manufacturer's stock worth $464,000 after buying an additional 574 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

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.