Advanced Micro Devices (NASDAQ:AMD) Trading Down 0% - Should You Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) shares were down 0% on Friday . The stock traded as low as $117.54 and last traded at $118.83. Approximately 11,654,513 shares changed hands during trading, a decline of 69% from the average daily volume of 37,445,445 shares. The stock had previously closed at $118.86.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Bank of America downgraded shares of Advanced Micro Devices from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $180.00 to $155.00 in a research note on Monday, December 9th. Wolfe Research downgraded Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a report on Thursday, January 16th. UBS Group reduced their price target on Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. Evercore ISI boosted their price objective on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, KeyCorp reduced their target price on shares of Advanced Micro Devices from $220.00 to $150.00 and set an "overweight" rating on the stock in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $169.77.

Advanced Micro Devices Stock Performance

The stock has a 50 day moving average of $125.92 and a two-hundred day moving average of $141.11. The stock has a market capitalization of $185.44 billion, a PE ratio of 102.95, a P/E/G ratio of 1.03 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78.

Insiders Place Their Bets

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now owns 293,347 shares of the company's stock, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the transaction, the chief executive officer now directly owns 3,566,762 shares of the company's stock, valued at $513,150,048.94. The trade was a 2.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 197,036 shares of company stock worth $28,165,821. Corporate insiders own 0.65% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Capital Management Investments LLC lifted its stake 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 valued at $25,000 after buying an additional 86 shares during the period. Bear Mountain Capital Inc. acquired a new position in Advanced Micro Devices in the 4th quarter valued at $25,000. Global Wealth Strategies & Associates purchased a new position in shares of Advanced Micro Devices during the 4th quarter worth $26,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth $32,000. Finally, Compass Financial Services Inc purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $39,000. 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.