Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Mark D. Papermaster sold 30,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $26.86, for a total value of $805,800.00. Following the transaction, the executive vice president now owns 1,329,588 shares of the company’s stock, valued at approximately $35,712,733.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Advanced Micro Devices stock traded down $0.51 on Friday, reaching $27.50. 65,094,609 shares of the company were exchanged, compared to its average volume of 78,095,008. The firm has a market capitalization of $29.83 billion, a PE ratio of 78.57, a price-to-earnings-growth ratio of 1.65 and a beta of 3.37. The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.57. Advanced Micro Devices, Inc. has a fifty-two week low of $12.71 and a fifty-two week high of $34.14.
Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.26 billion. Advanced Micro Devices had a return on equity of 25.23% and a net margin of 4.46%. Advanced Micro Devices’s revenue for the quarter was down 22.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.11 earnings per share. Analysts expect that Advanced Micro Devices, Inc. will post 0.55 EPS for the current year.
A number of large investors have recently bought and sold shares of AMD. Legal & General Group Plc raised its position in Advanced Micro Devices by 1.5% during the third quarter. Legal & General Group Plc now owns 3,884,842 shares of the semiconductor manufacturer’s stock valued at $120,002,000 after buying an additional 56,775 shares during the period. Gateway Investment Advisers LLC raised its position in Advanced Micro Devices by 0.6% during the fourth quarter. Gateway Investment Advisers LLC now owns 467,915 shares of the semiconductor manufacturer’s stock valued at $8,638,000 after buying an additional 2,988 shares during the period. DNB Asset Management AS raised its position in Advanced Micro Devices by 1.1% during the fourth quarter. DNB Asset Management AS now owns 120,330 shares of the semiconductor manufacturer’s stock valued at $2,221,000 after buying an additional 1,257 shares during the period. Steward Partners Investment Advisory LLC raised its position in Advanced Micro Devices by 51.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 39,800 shares of the semiconductor manufacturer’s stock valued at $734,000 after buying an additional 13,500 shares during the period. Finally, Meeder Asset Management Inc. grew its stake in Advanced Micro Devices by 145.0% in the fourth quarter. Meeder Asset Management Inc. now owns 50,279 shares of the semiconductor manufacturer’s stock valued at $928,000 after purchasing an additional 29,759 shares in the last quarter. 58.78% of the stock is currently owned by hedge funds and other institutional investors.
AMD has been the subject of several research analyst reports. Cowen restated an “outperform” rating and issued a $36.00 price objective (up previously from $33.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Barclays upped their price objective on Advanced Micro Devices from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. upped their price objective on Advanced Micro Devices from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Daiwa Capital Markets set a $27.00 price objective on Advanced Micro Devices and gave the company a “buy” rating in a report on Saturday, February 2nd. Finally, Credit Suisse Group upped their price objective on Advanced Micro Devices from $13.50 to $25.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $28.92.
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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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