Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 2.3% – Here’s What Happened

Advanced Micro Devices, Inc. (NASDAQ:AMD) fell 2.3% during mid-day trading on Monday . The stock traded as low as $97.80 and last traded at $98.05. 11,961,512 shares traded hands during trading, a decline of 70% from the average session volume of 39,370,242 shares. The stock had previously closed at $100.31.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Mizuho lowered their price objective on shares of Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Thursday. HSBC reaffirmed a “reduce” rating and issued a $110.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Summit Insights upgraded Advanced Micro Devices to a “hold” rating in a research note on Tuesday, February 4th. Finally, KeyCorp cut their price target on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $155.83.

Advanced Micro Devices Stock Performance

The stock has a market cap of $156.33 billion, a P/E ratio of 97.45, a PEG ratio of 1.11 and a beta of 1.74. 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 50-day simple moving average of $114.39 and a 200-day simple moving average of $134.97.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 year.

Insider Buying and Selling

In other news, EVP Philip Guido bought 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.73% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Bear Mountain Capital Inc. bought a new stake in Advanced Micro Devices in the fourth quarter worth approximately $25,000. Global Wealth Strategies & Associates bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $26,000. Greenline Partners LLC acquired a new position in shares of Advanced Micro Devices during the 4th quarter valued at $28,000. Halbert Hargrove Global Advisors LLC bought a new position in Advanced Micro Devices during the fourth quarter worth $29,000. Finally, FSA Wealth Management LLC acquired a new stake in Advanced Micro Devices in the third quarter worth $41,000. 71.34% of the stock is 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.