Advanced Micro Devices, Inc. (NASDAQ:AMD) insider Mark D. Papermaster sold 272,023 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $32.96, for a total value of $8,965,878.08. Following the transaction, the insider now directly owns 1,607,303 shares in the company, valued at approximately $52,976,706.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
AMD opened at $29.67 on Friday. Advanced Micro Devices, Inc. has a 12 month low of $16.03 and a 12 month high of $35.55. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.08 and a quick ratio of 1.52. The stock has a market cap 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. The stock’s 50 day moving average price is $32.11 and its 200 day moving average price is $28.02.
Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 EPS 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 firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the firm earned $0.14 EPS. The firm’s revenue was down 12.8% compared to the same quarter last year. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 0.5 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of AMD. Nuveen Asset Management LLC increased its position in Advanced Micro Devices by 5,801.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 13,053,535 shares of the semiconductor manufacturer’s stock valued at $396,435,000 after acquiring an additional 12,832,339 shares during the period. Artisan Partners Limited Partnership increased its position in Advanced Micro Devices by 66.9% in the 1st quarter. Artisan Partners Limited Partnership now owns 14,941,422 shares of the semiconductor manufacturer’s stock valued at $381,305,000 after acquiring an additional 5,991,132 shares during the period. Vanguard Group Inc. increased its position in Advanced Micro Devices by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 107,711,218 shares of the semiconductor manufacturer’s stock valued at $3,271,190,000 after acquiring an additional 4,205,071 shares during the period. Frontier Capital Management Co. LLC increased its position in Advanced Micro Devices by 613.2% in the 1st quarter. Frontier Capital Management Co. LLC now owns 2,658,453 shares of the semiconductor manufacturer’s stock valued at $67,844,000 after acquiring an additional 2,285,726 shares during the period. Finally, Scout Investments Inc. acquired a new stake in Advanced Micro Devices in the 2nd 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 analysts have commented on AMD shares. Nomura increased their target price on Advanced Micro Devices from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Loop Capital started coverage on Advanced Micro Devices in a report on Monday. They set a “hold” rating and a $32.00 target price on the stock. Craig Hallum downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $33.00 target price on the stock. in a report on Wednesday, July 31st. Jefferies Financial Group raised their price target on Advanced Micro Devices from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Deutsche Bank reissued a “hold” rating and issued a $29.00 price target (up previously from $25.00) on shares of Advanced Micro Devices in a report on Tuesday, July 30th. 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 presently has a consensus rating of “Hold” and an average 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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