Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Sells $14,401,034.41 in Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Lisa T. Su sold 429,497 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $33.53, for a total value of $14,401,034.41. Following the transaction, the chief executive officer now owns 3,231,764 shares in the company, valued at approximately $108,361,046.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of AMD stock opened at $29.67 on Friday. The business’s 50 day moving average is $32.11 and its two-hundred day moving average is $28.02. Advanced Micro Devices, Inc. has a twelve month low of $16.03 and a twelve month high of $35.55. The company has a market capitalization of $35.20 billion, a P/E ratio of 84.77, a price-to-earnings-growth ratio of 2.76 and a beta of 3.06. The company has a current ratio of 2.08, a quick ratio of 1.52 and a debt-to-equity ratio of 0.54.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. Advanced Micro Devices had a return on equity of 16.04% and a net margin of 3.25%. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the business posted $0.14 EPS. The company’s revenue was down 12.8% on a year-over-year basis. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 0.5 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of AMD. Nuveen Asset Management LLC boosted its stake in shares of Advanced Micro Devices by 5,801.3% in the second quarter. Nuveen Asset Management LLC now owns 13,053,535 shares of the semiconductor manufacturer’s stock valued at $396,435,000 after buying an additional 12,832,339 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of Advanced Micro Devices by 66.9% in the first quarter. Artisan Partners Limited Partnership now owns 14,941,422 shares of the semiconductor manufacturer’s stock valued at $381,305,000 after buying an additional 5,991,132 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Advanced Micro Devices by 4.1% in the second quarter. Vanguard Group Inc. now owns 107,711,218 shares of the semiconductor manufacturer’s stock valued at $3,271,190,000 after buying an additional 4,205,071 shares in the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of Advanced Micro Devices by 613.2% in the first quarter. Frontier Capital Management Co. LLC now owns 2,658,453 shares of the semiconductor manufacturer’s stock valued at $67,844,000 after buying an additional 2,285,726 shares in the last quarter. Finally, Scout Investments Inc. purchased a new stake in shares of Advanced Micro Devices in the second quarter valued at approximately $55,709,000. Hedge funds and other institutional investors own 60.38% of the company’s stock.

A number of research firms recently issued reports on AMD. Cowen set a $40.00 price target on Advanced Micro Devices and gave the stock a “buy” rating in a research note on Wednesday, July 31st. ValuEngine upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Bank of America raised their price target on Advanced Micro Devices from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Royal Bank of Canada restated a “buy” rating and set a $44.00 price target (up previously from $43.00) on shares of Advanced Micro Devices in a research note on Sunday, August 11th. Finally, Wedbush downgraded Advanced Micro Devices from an “equal weight” rating to a “hold” rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $31.54.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

Featured Story: Price to Earnings Ratio (PE)

Insider Buying and Selling by Quarter for Advanced Micro Devices (NASDAQ:AMD)

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.