Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP Mark D. Papermaster sold 150,000 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $11.38, for a total transaction of $1,707,000.00. Following the transaction, the senior vice president now directly owns 1,207,949 shares of the company’s stock, valued at $13,746,459.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of AMD stock opened at $11.11 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.76 and a debt-to-equity ratio of 2.17. Advanced Micro Devices, Inc. has a fifty-two week low of $9.70 and a fifty-two week high of $15.65. The company has a market cap of $11,115.94, a P/E ratio of 370.33, a P/E/G ratio of 4.96 and a beta of 2.73.
Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. Advanced Micro Devices had a net margin of 0.81% and a return on equity of 16.76%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the firm earned ($0.01) EPS. The business’s revenue for the quarter was up 33.8% on a year-over-year basis. analysts predict that Advanced Micro Devices, Inc. will post 0.3 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Teachers Advisors LLC raised its holdings in shares of Advanced Micro Devices by 40.4% during the fourth quarter. Teachers Advisors LLC now owns 9,142,340 shares of the semiconductor manufacturer’s stock valued at $93,983,000 after acquiring an additional 2,629,584 shares during the period. Carillon Tower Advisers Inc. acquired a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $26,894,000. Renaissance Technologies LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $24,976,000. TIAA CREF Investment Management LLC raised its holdings in shares of Advanced Micro Devices by 23.1% during the fourth quarter. TIAA CREF Investment Management LLC now owns 12,246,187 shares of the semiconductor manufacturer’s stock valued at $125,891,000 after acquiring an additional 2,295,080 shares during the period. Finally, Eagle Asset Management Inc. acquired a new stake in shares of Advanced Micro Devices during the third quarter valued at approximately $26,194,000. Institutional investors and hedge funds own 62.14% of the company’s stock.
A number of research analysts have issued reports on AMD shares. MKM Partners boosted their target price on shares of Advanced Micro Devices from $13.00 to $14.50 and gave the company a “buy” rating in a research note on Monday, January 29th. Vetr raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $13.47 target price for the company in a research note on Thursday, January 25th. Mizuho reaffirmed a “buy” rating and issued a $17.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, November 28th. Zacks Investment Research raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Wednesday, January 31st. Finally, Argus raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and upped their price target for the stock from $13.74 to $18.00 in a research note on Thursday, February 1st. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $14.62.
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About Advanced Micro Devices
Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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