Advanced Micro Devices, Inc. (NASDAQ:AMD) CFO Devinder Kumar Sells 152,570 Shares

Advanced Micro Devices, Inc. (NASDAQ:AMD) CFO Devinder Kumar sold 152,570 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $33.53, for a total transaction of $5,115,672.10. Following the sale, the chief financial officer now owns 884,064 shares in the company, valued at $29,642,665.92. The sale was disclosed in a filing with the SEC, which is available at this link.

Devinder Kumar also recently made the following trade(s):

  • On Wednesday, July 31st, Devinder Kumar sold 127,735 shares of Advanced Micro Devices stock. The shares were sold at an average price of $32.05, for a total transaction of $4,093,906.75.
  • On Thursday, May 30th, Devinder Kumar sold 127,735 shares of Advanced Micro Devices stock. The shares were sold at an average price of $28.30, for a total transaction of $3,614,900.50.

Advanced Micro Devices stock opened at $29.67 on Friday. The firm’s fifty day moving average price is $32.11 and its 200-day moving average price is $28.02. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.52 and a current ratio of 2.08. The stock has a market cap 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. Advanced Micro Devices, Inc. has a fifty-two week low of $16.03 and a fifty-two week high of $35.55.

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

Several institutional investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Advanced Micro Devices by 0.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 226,858 shares of the semiconductor manufacturer’s stock valued at $6,890,000 after purchasing an additional 1,689 shares during the last quarter. Voloridge Investment Management LLC bought a new position in shares of Advanced Micro Devices during the 2nd quarter valued at $24,793,000. Voleon Capital Management LP bought a new position in shares of Advanced Micro Devices during the 2nd quarter valued at $17,007,000. Zacks Investment Management bought a new position in shares of Advanced Micro Devices during the 2nd quarter valued at $1,354,000. Finally, Doyle Wealth Management bought a new position in shares of Advanced Micro Devices during the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 60.38% of the company’s stock.

A number of analysts recently commented on the stock. Citigroup set a $8.00 price target on shares of Advanced Micro Devices and gave the company a “sell” rating in a research note on Wednesday, July 31st. Morgan Stanley upped their price target on shares of Advanced Micro Devices from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Nomura upped their price target on shares of Advanced Micro Devices from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Cowen set a $40.00 target price on shares of Advanced Micro Devices and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Atlantic Securities started coverage on shares of Advanced Micro Devices in a research note on Monday, July 22nd. They issued a “neutral” rating and a $28.00 target price on the stock. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and thirteen have issued a buy rating to the stock. Advanced Micro Devices currently has a consensus rating of “Hold” and a consensus price target of $31.54.

About Advanced Micro Devices

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.

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