Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 1.2% - Should You Sell?

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) were down 1.2% during mid-day trading on Wednesday . The company traded as low as $91.87 and last traded at $94.94. Approximately 9,446,384 shares traded hands during trading, a decline of 78% from the average daily volume of 42,544,723 shares. The stock had previously closed at $96.06.

Analyst Upgrades and Downgrades

AMD has been the topic of several analyst reports. DZ Bank downgraded shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a report on Friday, February 7th. The Goldman Sachs Group downgraded Advanced Micro Devices from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Jefferies Financial Group downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating and cut their price objective for the company from $135.00 to $120.00 in a research report on Thursday, March 27th. Loop Capital started coverage on shares of Advanced Micro Devices in a research note on Tuesday, January 14th. They set a "buy" rating and a $175.00 target price for the company. Finally, Morgan Stanley set a $137.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus target price of $139.57.

Advanced Micro Devices Price Performance

The company's 50 day moving average is $97.39 and its 200 day moving average is $118.29. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The stock has a market cap of $159.69 billion, a price-to-earnings ratio of 99.80, a PEG ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 17,500 shares of the firm's 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 sale, the executive vice president now directly owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This trade represents a 1.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.06% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AMD. Norges Bank purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $2,867,193,000. Toronto Dominion Bank boosted its stake in Advanced Micro Devices by 443.3% during the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock valued at $660,475,000 after acquiring an additional 4,461,609 shares during the last quarter. Kovitz Investment Group Partners LLC grew its holdings in Advanced Micro Devices by 2,265.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer's stock worth $364,459,000 after acquiring an additional 2,889,739 shares in the last quarter. Northern Trust Corp increased its position in shares of Advanced Micro Devices by 20.1% in the 4th quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer's stock worth $2,072,215,000 after purchasing an additional 2,874,012 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Advanced Micro Devices by 23.3% in the 4th quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer's stock valued at $1,432,538,000 after purchasing an additional 2,238,866 shares in the last quarter. Institutional investors and hedge funds 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.