Advanced Micro Devices (NASDAQ:AMD) Shares Down 2.9% – Should You Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD) dropped 2.9% during mid-day trading on Thursday . The company traded as low as $105.55 and last traded at $106.96. Approximately 15,142,907 shares were traded during trading, a decline of 65% from the average daily volume of 43,113,304 shares. The stock had previously closed at $110.19.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AMD shares. Piper Sandler reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. TD Cowen lowered their price target on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a report on Monday, January 13th. Citigroup reissued a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Mizuho lowered their target price on shares of Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, March 14th. Finally, Morgan Stanley set a $137.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $152.72.

Advanced Micro Devices Stock Down 3.2 %

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 $167.27 billion, a PE ratio of 104.26, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. The firm’s 50-day simple moving average is $109.39 and its 200 day simple moving average is $130.90.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share 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%. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In other news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction dated Friday, February 7th. The stock was acquired at an average cost 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 $3,605,626.32. This represents a 16.09 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is currently owned by company insiders.

Institutional Trading of Advanced Micro Devices

Hedge funds have recently added to or reduced their stakes in the business. Mascagni Wealth Management Inc. purchased a new position in shares of Advanced Micro Devices during the 4th quarter worth about $50,000. Prostatis Group LLC raised its stake in Advanced Micro Devices by 6.8% during the fourth quarter. Prostatis Group LLC now owns 3,026 shares of the semiconductor manufacturer’s stock worth $366,000 after purchasing an additional 192 shares during the period. Fairtree Asset Management Pty Ltd acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $660,000. 111 Capital purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $808,000. Finally, NorthCrest Asset Manangement LLC increased its holdings in shares of Advanced Micro Devices by 2.8% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 151,395 shares of the semiconductor manufacturer’s stock worth $18,287,000 after buying an additional 4,054 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

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.