Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 2% - Should You Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s share price dropped 2% on Tuesday . The company traded as low as $123.15 and last traded at $124.18. Approximately 15,529,412 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 53,665,270 shares. The stock had previously closed at $126.69.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AMD shares. UBS Group cut their price objective on 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. Citigroup reduced their price objective on Advanced Micro Devices from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Benchmark reaffirmed a "buy" rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Thursday, October 31st. Rosenblatt Securities reissued a "buy" rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research note on Monday, October 28th. Finally, Roth Mkm reaffirmed a "buy" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $192.36.

Advanced Micro Devices Trading Down 1.3 %

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The firm has a market cap of $202.88 billion, a PE ratio of 112.63, a price-to-earnings-growth ratio of 1.88 and a beta of 1.65. The company's 50 day moving average price is $144.88 and its 200 day moving average price is $151.35.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting the consensus estimate 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 company's quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 earnings per share. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Lisa T. Su sold 80,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the sale, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 197,036 shares of company stock worth $28,165,821. 0.73% of the stock is currently owned by company insiders.

Institutional Trading of Advanced Micro Devices

Several institutional investors have recently modified their holdings of AMD. State Street Corp lifted its position in Advanced Micro Devices by 2.3% in the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock valued at $11,513,538,000 after acquiring an additional 1,580,035 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Advanced Micro Devices by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer's stock valued at $5,597,337,000 after purchasing an additional 441,924 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of Advanced Micro Devices by 2.8% in the 3rd quarter. Fisher Asset Management LLC now owns 23,795,236 shares of the semiconductor manufacturer's stock valued at $3,904,323,000 after purchasing an additional 644,039 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Advanced Micro Devices by 8.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer's stock worth $3,195,000,000 after buying an additional 1,565,083 shares during the last quarter. Finally, Legal & General Group Plc increased its position in Advanced Micro Devices by 1.4% during the second quarter. Legal & General Group Plc now owns 13,310,158 shares of the semiconductor manufacturer's stock worth $2,159,039,000 after buying an additional 188,580 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.