Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP Harry A. Wolin sold 90,672 shares of the business’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 transaction of $3,040,232.16. Following the sale, the senior vice president now directly owns 1,060,495 shares of the company’s stock, valued at $35,558,397.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of AMD stock opened at $29.67 on Friday. The firm has a fifty day moving average of $32.11 and a 200-day moving average of $28.02. The company has a quick ratio of 1.52, a current ratio of 2.08 and a debt-to-equity ratio of 0.54. Advanced Micro Devices, Inc. has a 12-month low of $16.03 and a 12-month high of $35.55. The company has a market capitalization of $35.20 billion, a price-to-earnings ratio of 84.77, a P/E/G ratio of 2.76 and a beta of 3.06.
Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. Advanced Micro Devices had a net margin of 3.25% and a return on equity of 16.04%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The firm’s revenue was down 12.8% compared to the same quarter last year. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 0.5 EPS for the current year.
Hedge funds have recently modified their holdings of the company. Joseph P. Lucia & Associates LLC acquired a new position in Advanced Micro Devices during the first quarter worth $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Advanced Micro Devices during the first quarter worth $26,000. Advisory Alpha LLC acquired a new position in Advanced Micro Devices during the first quarter worth $26,000. Peddock Capital Advisors LLC boosted its holdings in Advanced Micro Devices by 151.5% during the first quarter. Peddock Capital Advisors LLC now owns 1,021 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 615 shares during the last quarter. Finally, Berman Capital Advisors LLC boosted its holdings in Advanced Micro Devices by 99.4% during the first quarter. Berman Capital Advisors LLC now owns 1,077 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 537 shares during the last quarter. 60.38% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on the stock. MKM Partners boosted their price target on shares of Advanced Micro Devices to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Royal Bank of Canada reissued 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. Craig Hallum downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a research note on Wednesday, July 31st. ValuEngine raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Finally, Cowen set a $40.00 price target on shares of Advanced Micro Devices and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and thirteen have assigned a buy rating to the stock. The company 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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