Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Sells $2,274,700.00 in Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Mark D. Papermaster sold 43,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $52.90, for a total value of $2,274,700.00. Following the transaction, the executive vice president now directly owns 1,378,280 shares in the company, valued at approximately $72,911,012. The transaction was disclosed in a filing with the SEC, which is available at this link.

Advanced Micro Devices stock opened at $54.23 on Friday. The firm has a market cap of $63.51 billion, a price-to-earnings ratio of 126.12, a price-to-earnings-growth ratio of 1.64 and a beta of 2.13. Advanced Micro Devices, Inc. has a 52 week low of $27.43 and a 52 week high of $59.27. The business’s 50-day moving average price is $53.63 and its 200 day moving average price is $49.14. The company has a quick ratio of 1.68, a current ratio of 2.21 and a debt-to-equity ratio of 0.16.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, April 28th. The semiconductor manufacturer reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.79 billion. Advanced Micro Devices had a return on equity of 28.28% and a net margin of 6.72%. Advanced Micro Devices’s revenue for the quarter was up 40.4% compared to the same quarter last year. During the same period last year, the company earned $0.06 earnings per share. Equities analysts expect that Advanced Micro Devices, Inc. will post 0.83 EPS for the current year.

A number of institutional investors have recently bought and sold shares of AMD. Robeco Institutional Asset Management B.V. grew its holdings in Advanced Micro Devices by 241.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 48,027 shares of the semiconductor manufacturer’s stock worth $2,203,000 after acquiring an additional 33,959 shares during the period. Cullen Frost Bankers Inc. grew its holdings in Advanced Micro Devices by 571.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,881 shares of the semiconductor manufacturer’s stock worth $86,000 after acquiring an additional 1,601 shares during the period. Lido Advisors LLC grew its holdings in Advanced Micro Devices by 15.1% during the fourth quarter. Lido Advisors LLC now owns 20,841 shares of the semiconductor manufacturer’s stock worth $956,000 after acquiring an additional 2,741 shares during the period. Checchi Capital Advisers LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $219,000. Finally, Oppenheimer & Co. Inc. grew its holdings in Advanced Micro Devices by 2.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 130,950 shares of the semiconductor manufacturer’s stock valued at $6,005,000 after purchasing an additional 3,669 shares during the period. 69.79% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently issued reports on AMD. Rosenblatt Securities increased their price target on Advanced Micro Devices from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Wells Fargo & Co increased their price target on Advanced Micro Devices from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. increased their price target on Advanced Micro Devices from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Nomura upped their price objective on Advanced Micro Devices from $58.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Deutsche Bank upped their price objective on Advanced Micro Devices from $42.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, March 6th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and nineteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $52.47.

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

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