Advanced Micro Devices (NASDAQ:AMD) Trading Down 0.6% – Here’s Why

Advanced Micro Devices, Inc. (NASDAQ:AMD) fell 0.6% during mid-day trading on Wednesday . The stock traded as low as $126.22 and last traded at $127.01. 13,409,739 shares were traded during trading, a decline of 75% from the average session volume of 53,762,992 shares. The stock had previously closed at $127.74.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Barclays lowered their price target on Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Morgan Stanley reduced their price objective on shares of Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. Mizuho lowered their target price on shares of Advanced Micro Devices from $185.00 to $180.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Finally, Benchmark restated a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $192.36.

Advanced Micro Devices Stock Down 2.8 %

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The firm has a market capitalization of $205.95 billion, a P/E ratio of 113.19, a price-to-earnings-growth ratio of 1.88 and a beta of 1.65. The business has a 50 day moving average price of $147.60 and a 200 day moving average price of $152.43.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the previous year, the business posted $0.53 EPS. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, analysts predict that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock valued at $28,165,821 in the last quarter. Corporate insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Large investors have recently added to or reduced their stakes in the company. Creative Capital Management Investments LLC increased its stake in shares of Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 86 shares in the last quarter. ZRC Wealth Management LLC increased its position in Advanced Micro Devices by 90.4% in the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 75 shares in the last quarter. Morton Brown Family Wealth LLC raised its stake in shares of Advanced Micro Devices by 94.4% in the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 85 shares during the last quarter. Fairway Wealth LLC acquired a new position in shares of Advanced Micro Devices during the second quarter worth approximately $27,000. Finally, Ridgewood Investments LLC bought a new stake in shares of Advanced Micro Devices during the second quarter valued at approximately $35,000. 71.34% of the stock is owned by institutional investors.

About Advanced Micro Devices

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.