Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 0.8% After Insider Selling

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s share price traded down 0.8% on Thursday following insider selling activity. The company traded as low as $86.71 and last traded at $87.58. 10,748,938 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 43,208,602 shares. The stock had previously closed at $88.29.

Specifically, EVP Mark D. Papermaster sold 17,500 shares of the business’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president now owns 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. The trade was a 1.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of recent research reports. The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $175.00 to $129.00 in a report on Friday, January 10th. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, March 26th. Stifel Nicolaus decreased their price objective on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company lowered their price objective on Advanced Micro Devices from $140.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Susquehanna reduced their target price on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a research report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $144.90.

Advanced Micro Devices Stock Performance

The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average price of $101.40 and a 200 day moving average price of $124.05. The firm has a market cap of $141.42 billion, a price-to-earnings ratio of 88.38, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting 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, analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Institutional Trading of Advanced Micro Devices

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Advanced Micro Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock worth $18,143,884,000 after acquiring an additional 1,441,626 shares during the period. Geode Capital Management LLC grew its position in Advanced Micro Devices by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 35,079,256 shares of the semiconductor manufacturer’s stock worth $4,224,840,000 after purchasing an additional 835,413 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Advanced Micro Devices by 1.2% during the 4th quarter. Fisher Asset Management LLC now owns 24,086,020 shares of the semiconductor manufacturer’s stock worth $2,909,350,000 after purchasing an additional 290,784 shares during the period. Norges Bank acquired a new position in shares of Advanced Micro Devices during the fourth quarter valued at about $2,867,193,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Advanced Micro Devices by 9.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,401,436 shares of the semiconductor manufacturer’s stock worth $2,585,079,000 after buying an additional 1,929,225 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

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.