Advanced Micro Devices (NASDAQ:AMD) Shares Down 2.2% - Time to Sell?

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) fell 2.2% during trading on Monday . The stock traded as low as $114.17 and last traded at $114.56. 12,575,927 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 42,573,748 shares. The stock had previously closed at $117.17.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Dbs Bank lowered Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Raymond James restated an "outperform" rating and issued a $120.00 target price (down previously from $150.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Rosenblatt Securities reiterated a "buy" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Truist Financial set a $130.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, Morgan Stanley dropped their price target on shares of Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty have assigned a buy rating and three 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 target price of $132.58.

Advanced Micro Devices Stock Up 2.0%

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The company has a market capitalization of $187.69 billion, a price-to-earnings ratio of 117.18, a PEG ratio of 1.11 and a beta of 1.97. The business has a 50-day simple moving average of $99.52 and a two-hundred day simple moving average of $114.51.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The firm had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. During the same quarter in the prior year, the business posted $0.62 earnings per share. Advanced Micro Devices's revenue was up 35.9% compared to the same quarter last year. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its board has initiated a share buyback plan on Wednesday, May 14th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Several institutional investors have recently bought and sold shares of AMD. Bear Mountain Capital Inc. bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $25,000. Greenline Partners LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $28,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in Advanced Micro Devices by 277.8% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 200 shares in the last quarter. American Capital Advisory LLC raised its holdings in shares of Advanced Micro Devices by 90.3% during the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 130 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in Advanced Micro Devices in the fourth quarter worth approximately $29,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

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.