Advanced Micro Devices (NASDAQ:AMD) Trading Down 2% Following Insider Selling

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s stock price was down 2% on Monday after an insider sold shares in the company. The company traded as low as $137.40 and last traded at $138.59. Approximately 33,576,839 shares changed hands during mid-day trading, an increase of 18% from the average daily volume of 28,523,388 shares. The stock had previously closed at $141.36.

Specifically, CEO Lisa T. Su sold 76,496 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at $508,834,266.92. This trade 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 at the SEC website.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Morgan Stanley reduced their price target on shares of Advanced Micro Devices from $178.00 to $169.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 30th. Mizuho decreased their price objective on Advanced Micro Devices from $185.00 to $180.00 and set an "outperform" rating for the company in a report on Thursday. Bank of America downgraded Advanced Micro Devices from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $180.00 to $155.00 in a research note on Monday. Edward Jones began coverage on Advanced Micro Devices in a research report on Tuesday, August 20th. They set a "buy" rating on the stock. Finally, Roth Mkm restated 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 equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus price target of $192.36.

Advanced Micro Devices Stock Performance

The stock has a 50 day simple moving average of $149.48 and a 200 day simple moving average of $153.01. The company has a market cap of $212.38 billion, a price-to-earnings ratio of 117.90, a PEG ratio of 1.91 and a beta of 1.66. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting analysts' consensus estimates of $0.92. The firm had revenue of $6.82 billion during 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%. Advanced Micro Devices's quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. As a group, analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AMD. Creative Capital Management Investments LLC boosted its stake in Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock valued at $25,000 after acquiring an additional 86 shares during the period. ZRC Wealth Management LLC grew its stake in Advanced Micro Devices by 90.4% during the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock worth $26,000 after buying an additional 75 shares during the last quarter. Morton Brown Family Wealth LLC increased its position in Advanced Micro Devices by 94.4% in the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer's stock worth $27,000 after buying an additional 85 shares during the period. Fairway Wealth LLC bought a new stake in Advanced Micro Devices in the second quarter valued at $27,000. Finally, Ridgewood Investments LLC bought a new stake in Advanced Micro Devices in the second quarter valued at $35,000. 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.