Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 1% - Should You Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) shares fell 1% on Tuesday . The company traded as low as $128.85 and last traded at $129.62. 13,061,183 shares were traded during mid-day trading, a decline of 76% from the average session volume of 53,822,383 shares. The stock had previously closed at $130.87.

Wall Street Analyst Weigh In

AMD has been the topic of several recent analyst reports. Morgan Stanley lowered their target price on shares of Advanced Micro Devices from $178.00 to $169.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 30th. Evercore ISI lifted their target price on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Roth Mkm reiterated a "buy" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Friday, October 11th. Mizuho reduced their price objective on Advanced Micro Devices from $185.00 to $180.00 and set an "outperform" rating for the company in a research note on Thursday, December 5th. Finally, Benchmark restated a "buy" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $192.36.

Advanced Micro Devices Trading Down 2.1 %

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 $207.83 billion, a price-to-earnings ratio of 116.77, a P/E/G ratio of 1.91 and a beta of 1.66. The company's 50 day simple moving average is $149.48 and its 200 day simple moving average is $153.01.

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

Insider Activity at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 80,000 shares of the company'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 transaction of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock worth $28,165,821 in the last 90 days. 0.65% of the stock is owned by insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Several institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its holdings in shares of Advanced Micro Devices by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer's stock worth $1,584,515,000 after acquiring an additional 177,700 shares during the period. Swiss National Bank grew its holdings in Advanced Micro Devices by 0.3% in the third quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer's stock valued at $787,186,000 after purchasing an additional 12,500 shares during the last quarter. Shum Financial Group Inc. acquired a new stake in Advanced Micro Devices in the third quarter valued at $858,000. State Street Corp raised its stake in shares of Advanced Micro Devices by 2.3% during the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock worth $11,513,538,000 after buying an additional 1,580,035 shares during the last quarter. Finally, Harvest Portfolios Group Inc. boosted its position in shares of Advanced Micro Devices by 4.4% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 146,445 shares of the semiconductor manufacturer's stock worth $24,029,000 after buying an additional 6,168 shares in the last quarter. 71.34% of the stock is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.