Advanced Micro Devices (NASDAQ:AMD) Shares Down 1.1% – Should You Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD) was down 1.1% during trading on Wednesday . The stock traded as low as $137.06 and last traded at $137.85. Approximately 6,977,278 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 55,171,910 shares. The stock had previously closed at $139.39.

Analyst Ratings Changes

A number of brokerages recently issued reports on AMD. TD Cowen cut their price objective on Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Morgan Stanley dropped 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. Evercore ISI raised their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Roth Mkm reaffirmed a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Friday, October 11th. Finally, BNP Paribas upgraded Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.79.

Advanced Micro Devices Price Performance

The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The firm’s 50 day simple moving average is $153.95 and its 200 day simple moving average is $154.70. The company has a market capitalization of $222.67 billion, a PE ratio of 123.61, a price-to-earnings-growth ratio of 1.93 and a beta of 1.71.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. The business had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 earnings per share. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.53 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, 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 transaction of $11,509,600.00. Following the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is owned by company insiders.

Institutional Trading of Advanced Micro Devices

Institutional investors and hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in shares of Advanced Micro Devices by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer’s stock worth $1,584,515,000 after purchasing an additional 177,700 shares during the period. Swiss National Bank increased its holdings in shares of Advanced Micro Devices by 0.3% in the 3rd quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer’s stock valued at $787,186,000 after acquiring an additional 12,500 shares during the period. Harvest Portfolios Group Inc. raised its position in shares of Advanced Micro Devices by 4.4% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 146,445 shares of the semiconductor manufacturer’s stock worth $24,029,000 after acquiring an additional 6,168 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Advanced Micro Devices by 30.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock worth $416,430,000 after purchasing an additional 588,595 shares during the last quarter. Finally, Vectors Research Management LLC bought a new stake in Advanced Micro Devices during the third quarter valued at about $1,394,000. 71.34% of the stock is currently owned by 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.