Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 0.9% Following Insider Selling

Advanced Micro Devices, Inc. (NASDAQ:AMD) traded down 0.9% during trading on Friday after an insider sold shares in the company. The company traded as low as $86.52 and last traded at $87.50. 34,685,670 shares changed hands during trading, a decline of 20% from the average session volume of 43,168,875 shares. The stock had previously closed at $88.29.

Specifically, EVP Mark D. Papermaster sold 17,500 shares of the company’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the sale, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. This represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Melius lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and reduced their price objective for the company from $160.00 to $129.00 in a research report on Tuesday, January 28th. Wells Fargo & Company decreased their price target on shares of Advanced Micro Devices from $140.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday. KeyCorp cut Advanced Micro Devices from an “overweight” rating to a “sector weight” rating in a report on Tuesday, April 8th. HSBC reiterated a “reduce” rating and issued a $110.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Finally, UBS Group decreased their target price on shares of Advanced Micro Devices from $175.00 to $155.00 and set a “buy” rating for the company in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $144.90.

Advanced Micro Devices Price Performance

The stock’s 50 day moving average price is $100.93 and its two-hundred day moving average price is $123.55. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The firm has a market capitalization of $141.42 billion, a price-to-earnings ratio of 88.38, a PEG ratio of 1.11 and a beta of 1.89.

Advanced Micro Devices (NASDAQ:AMD) last released its 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%. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Institutional Trading of Advanced Micro Devices

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMD. KLP Kapitalforvaltning AS acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth $65,897,000. Enzi Wealth bought a new stake in Advanced Micro Devices in the 4th quarter valued at $569,000. Welch Group LLC grew its position in Advanced Micro Devices by 6.3% in the 4th quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer’s stock worth $6,179,000 after purchasing an additional 2,981 shares during the last quarter. Stonegate Investment Group LLC grew its position in Advanced Micro Devices by 39.5% in the 4th quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer’s stock worth $61,896,000 after purchasing an additional 145,067 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of Advanced Micro Devices by 19.8% during the 4th quarter. Nordea Investment Management AB now owns 1,748,872 shares of the semiconductor manufacturer’s stock worth $212,943,000 after purchasing an additional 289,110 shares during the period. 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.