Mark Papermaster Sells 6,000 Shares of Advanced Micro Devices (NASDAQ:AMD) Stock

Advanced Micro Devices, Inc. (NASDAQ:AMDGet Free Report) EVP Mark Papermaster sold 6,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $255.54, for a total value of $1,533,240.00. Following the completion of the transaction, the executive vice president owned 1,294,466 shares of the company’s stock, valued at approximately $330,787,841.64. This represents a 0.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock traded up $0.13 on Friday, hitting $278.39. The company’s stock had a trading volume of 35,421,264 shares, compared to its average volume of 37,543,020. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 2.85. Advanced Micro Devices, Inc. has a 1 year low of $83.75 and a 1 year high of $281.05. The firm has a fifty day moving average price of $211.21 and a 200-day moving average price of $219.74. The company has a market capitalization of $453.87 billion, a price-to-earnings ratio of 105.05, a price-to-earnings-growth ratio of 0.95 and a beta of 1.96.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.21. Advanced Micro Devices had a return on equity of 8.84% and a net margin of 12.52%.The firm had revenue of $10.27 billion during the quarter, compared to analyst estimates of $9.65 billion. During the same quarter in the previous year, the business earned $1.09 EPS. Advanced Micro Devices’s revenue for the quarter was up 34.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Erste Group Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Wells Fargo & Company reiterated an “overweight” rating and set a $345.00 price objective on shares of Advanced Micro Devices in a research note on Friday, January 30th. Phillip Securities upgraded Advanced Micro Devices from a “moderate buy” rating to a “strong-buy” rating in a research note on Sunday, February 8th. Morgan Stanley cut their price objective on Advanced Micro Devices from $260.00 to $255.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 4th. Finally, Sanford C. Bernstein boosted their price objective on Advanced Micro Devices from $235.00 to $265.00 and gave the stock a “market perform” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $291.03.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Community Bank & Trust Waco Texas boosted its holdings in shares of Advanced Micro Devices by 2.9% during the 1st quarter. Community Bank & Trust Waco Texas now owns 11,650 shares of the semiconductor manufacturer’s stock worth $2,370,000 after purchasing an additional 331 shares during the last quarter. Anchyra Partners LLC boosted its holdings in shares of Advanced Micro Devices by 4.1% during the 1st quarter. Anchyra Partners LLC now owns 3,838 shares of the semiconductor manufacturer’s stock worth $781,000 after purchasing an additional 150 shares during the last quarter. Marathon Mission Inc. boosted its holdings in shares of Advanced Micro Devices by 5.6% during the 1st quarter. Marathon Mission Inc. now owns 1,049 shares of the semiconductor manufacturer’s stock worth $213,000 after purchasing an additional 56 shares during the last quarter. Summit Wealth Partners LLC boosted its holdings in shares of Advanced Micro Devices by 55.9% during the 1st quarter. Summit Wealth Partners LLC now owns 1,788 shares of the semiconductor manufacturer’s stock worth $364,000 after purchasing an additional 641 shares during the last quarter. Finally, Paragon Capital Management Inc. boosted its holdings in shares of Advanced Micro Devices by 98.9% during the 1st quarter. Paragon Capital Management Inc. now owns 4,838 shares of the semiconductor manufacturer’s stock worth $984,000 after purchasing an additional 2,406 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Advanced Micro Devices

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About Advanced Micro Devices

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Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

Further Reading

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

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