Advanced Micro Devices (NASDAQ:AMD) Trading Down 4.3% - What's Next?

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s share price fell 4.3% during trading on Thursday . The stock traded as low as $120.12 and last traded at $121.84. 46,478,023 shares traded hands during trading, an increase of 14% from the average session volume of 40,794,836 shares. The stock had previously closed at $127.33.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AMD. 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 note on Wednesday. Hsbc Global Res lowered Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research report on Wednesday. Benchmark reissued a "buy" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, October 31st. Barclays decreased their price objective on shares of Advanced Micro Devices from $180.00 to $170.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. Finally, Mizuho reduced their target price on Advanced Micro Devices from $185.00 to $180.00 and set an "outperform" rating for the company in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and an average price target of $187.85.

Advanced Micro Devices Price Performance

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 company has a market capitalization of $197.72 billion, a P/E ratio of 109.77, a P/E/G ratio of 1.88 and a beta of 1.66. The firm's fifty day moving average is $133.09 and its 200 day moving average is $147.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released 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. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business's revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 earnings per share. As a group, analysts predict that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the business'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 completion of the transaction, the executive vice president now owns 293,347 shares of the company's stock, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction on Wednesday, December 4th. The shares were 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 in the company, valued at $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 197,036 shares of company stock worth $28,165,821. 0.65% of the stock is currently owned by company insiders.

Institutional Trading of Advanced Micro Devices

A number of institutional investors have recently made changes to their positions in AMD. Christopher J. Hasenberg Inc raised its holdings in shares of Advanced Micro Devices by 12.0% in the third quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer's stock worth $97,000 after buying an additional 60 shares during the last quarter. Wealth Effects LLC raised its stake in Advanced Micro Devices by 0.7% in the 3rd quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer's stock worth $1,545,000 after acquiring an additional 65 shares during the last quarter. Jacobsen Capital Management raised its stake in Advanced Micro Devices by 2.1% in the 3rd quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer's stock worth $554,000 after acquiring an additional 70 shares during the last quarter. Sigma Investment Counselors Inc. lifted its position in Advanced Micro Devices by 5.3% during the 3rd quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer's stock worth $243,000 after acquiring an additional 74 shares during the period. Finally, Bedell Frazier Investment Counselling LLC grew its stake in Advanced Micro Devices by 4.3% during the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer's stock valued at $292,000 after purchasing an additional 74 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.