Advanced Micro Devices (NASDAQ:AMD) Shares Down 2.9% – Time to Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD) fell 2.9% during mid-day trading on Friday . The stock traded as low as $103.28 and last traded at $103.55. 9,744,196 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 43,002,286 shares. The stock had previously closed at $106.65.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AMD. DZ Bank lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a report on Friday, February 7th. Benchmark reaffirmed a “buy” rating and set a $170.00 target price on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Summit Insights raised Advanced Micro Devices to a “hold” rating in a research note on Tuesday, February 4th. The Goldman Sachs Group lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $175.00 to $129.00 in a research note on Friday, January 10th. Finally, Barclays reduced their target price on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.72.

Advanced Micro Devices Stock Performance

The firm has a market cap of $167.28 billion, a PE ratio of 104.26, a PEG ratio of 1.11 and a beta of 1.74. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The company has a 50-day simple moving average of $109.75 and a two-hundred day simple moving average of $131.14.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts’ consensus estimates 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 Buying and Selling

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now owns 33,522 shares of the company’s stock, 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 accessible through the SEC website. 0.73% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Advanced Micro Devices

A number of large investors have recently made changes to their positions in the stock. Bear Mountain Capital Inc. bought a new position in Advanced Micro Devices in the 4th quarter worth about $25,000. Global Wealth Strategies & Associates purchased a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $26,000. Greenline Partners LLC purchased a new stake in Advanced Micro Devices in the 4th quarter worth approximately $28,000. Halbert Hargrove Global Advisors LLC bought a new position in Advanced Micro Devices in the 4th quarter valued at $29,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Advanced Micro Devices during the 3rd quarter valued at $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.