Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 0.8% – Should You Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD) traded down 0.8% during trading on Tuesday . The company traded as low as $112.71 and last traded at $112.93. 11,014,038 shares were traded during trading, a decline of 75% from the average session volume of 43,498,447 shares. The stock had previously closed at $113.85.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AMD shares. Summit Insights upgraded shares of Advanced Micro Devices to a “hold” rating in a research note on Tuesday, February 4th. Wells Fargo & Company restated an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. The Goldman Sachs Group lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their target price for the company from $175.00 to $129.00 in a research note on Friday, January 10th. Truist Financial set a $130.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, Argus set a $160.00 target price on shares of Advanced Micro Devices in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $155.14.

Advanced Micro Devices Price Performance

The company’s 50-day simple moving average is $110.21 and its 200 day simple moving average is $131.60. The company has a market capitalization of $183.89 billion, a P/E ratio of 114.76, a P/E/G 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.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data 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, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Philip Guido acquired 4,645 shares of the stock in a transaction dated 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 in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.73% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Howard Capital Management Group LLC increased its holdings in shares of Advanced Micro Devices by 21.6% in the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock valued at $300,000 after purchasing an additional 324 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Advanced Micro Devices by 30.2% in the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock valued at $416,430,000 after buying an additional 588,595 shares during the period. United Bank bought a new position in Advanced Micro Devices in the third quarter valued at approximately $516,000. Massachusetts Financial Services Co. MA grew its holdings in Advanced Micro Devices by 2.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 395,380 shares of the semiconductor manufacturer’s stock worth $64,874,000 after acquiring an additional 10,613 shares during the period. Finally, Eagle Asset Management Inc. raised its position in shares of Advanced Micro Devices by 39.9% during the 3rd quarter. Eagle Asset Management Inc. now owns 21,810 shares of the semiconductor manufacturer’s stock valued at $3,579,000 after acquiring an additional 6,216 shares during the last quarter. 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.