Advanced Micro Devices (NASDAQ:AMD) Shares Down 1.1% - Here's What Happened

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) shares traded down 1.1% on Monday . The company traded as low as $112.98 and last traded at $114.65. 12,031,568 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 37,559,898 shares. The stock had previously closed at $115.95.

Wall Street Analyst Weigh In

AMD has been the topic of a number of analyst reports. Barclays decreased their target price on shares of Advanced Micro Devices from $170.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Wells Fargo & Company decreased their price objective on Advanced Micro Devices from $165.00 to $140.00 and set an "overweight" rating on the stock in a report on Wednesday. TD Cowen reduced their price target on Advanced Micro Devices from $185.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Wolfe Research downgraded shares of Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a research note on Thursday, January 16th. Finally, Roth Mkm reiterated a "buy" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $161.30.

Advanced Micro Devices Trading Down 1.7 %

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 firm has a market cap of $178.77 billion, a PE ratio of 99.24, a price-to-earnings-growth ratio of 1.03 and a beta of 1.65. The stock has a 50-day simple moving average of $124.53 and a two-hundred day simple moving average of $140.39.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share for the quarter, missing analysts' consensus estimates of $1.07 by ($0.19). Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, 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 value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Advanced Micro Devices

A number of institutional investors have recently bought and sold shares of the business. Creative Capital Management Investments LLC boosted its position in shares of Advanced Micro Devices by 124.6% during the third 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 last quarter. Bear Mountain Capital Inc. bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $25,000. Global Wealth Strategies & Associates purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $29,000. Finally, FSA Wealth Management LLC purchased a new stake in Advanced Micro Devices during the 3rd quarter valued at $41,000. 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.