Advanced Micro Devices, Inc. (NASDAQ:AMD) Director Nora Denzel sold 31,737 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $34.29, for a total value of $1,088,261.73. Following the transaction, the director now directly owns 152,899 shares in the company, valued at $5,242,906.71. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of AMD opened at $29.67 on Friday. 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 50 day moving average price of $32.11 and a two-hundred day moving average price of $28.02. The firm has a market capitalization of $35.20 billion, a P/E ratio of 84.77, a P/E/G ratio of 2.76 and a beta of 3.06. Advanced Micro Devices, Inc. has a 52 week low of $16.03 and a 52 week high of $35.55.
Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.52 billion. Advanced Micro Devices had a return on equity of 16.04% and a net margin of 3.25%. The company’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 EPS. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 0.5 earnings per share for the current year.
A number of research firms recently weighed in on AMD. BidaskClub raised Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Saturday, July 6th. Credit Suisse Group set a $30.00 price target on Advanced Micro Devices and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. They noted that the move was a valuation call. Royal Bank of Canada reaffirmed a “buy” rating and set a $44.00 price target (up from $43.00) on shares of Advanced Micro Devices in a research note on Sunday, August 11th. Barclays upped their price target on Advanced Micro Devices from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 1st. Finally, Loop Capital began coverage on Advanced Micro Devices in a research note on Monday. They set a “hold” rating and a $32.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $31.54.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in shares of Advanced Micro Devices by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,399,337 shares of the semiconductor manufacturer’s stock worth $62,743,000 after acquiring an additional 136,475 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Advanced Micro Devices by 14.5% during the 4th quarter. Geode Capital Management LLC now owns 13,069,235 shares of the semiconductor manufacturer’s stock worth $240,885,000 after acquiring an additional 1,651,507 shares during the period. Two Sigma Advisers LP purchased a new position in shares of Advanced Micro Devices during the 4th quarter worth about $962,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Advanced Micro Devices during the 1st quarter worth about $215,000. Finally, Landsberg Bennett & Dubbaneh LLC lifted its holdings in shares of Advanced Micro Devices by 38.2% during the 1st quarter. Landsberg Bennett & Dubbaneh LLC now owns 16,606 shares of the semiconductor manufacturer’s stock worth $482,000 after acquiring an additional 4,586 shares during the period. 60.38% of the stock is owned by hedge funds and other institutional investors.
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.
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