Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Lisa T. Su sold 300,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $12.04, for a total transaction of $3,612,000.00. Following the transaction, the chief executive officer now owns 2,157,362 shares in the company, valued at $25,974,638.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Advanced Micro Devices, Inc. (AMD) opened at $11.26 on Friday. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.70 and a quick ratio of 1.20. Advanced Micro Devices, Inc. has a 12-month low of $6.47 and a 12-month high of $15.65.
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A number of research firms have weighed in on AMD. BMO Capital Markets cut shares of Advanced Micro Devices from an “outperform” rating to a “market perform” rating and set a $15.00 target price on the stock. in a research note on Wednesday, July 26th. Barclays PLC reiterated an “underweight” rating and issued a $9.00 target price on shares of Advanced Micro Devices in a research note on Thursday, August 10th. Wells Fargo & Company reiterated an “outperform” rating on shares of Advanced Micro Devices in a research note on Wednesday, August 23rd. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $15.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, September 20th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $11.00 target price on shares of Advanced Micro Devices in a research note on Saturday, July 22nd. Seven investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Advanced Micro Devices has an average rating of “Hold” and an average price target of $14.05.
Institutional investors and hedge funds have recently made changes to their positions in the business. Bronfman E.L. Rothschild L.P. boosted its position in Advanced Micro Devices by 1,655.2% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock valued at $111,000 after buying an additional 8,243 shares during the period. First Personal Financial Services purchased a new stake in Advanced Micro Devices during the 3rd quarter valued at $127,000. K.J. Harrison & Partners Inc purchased a new stake in Advanced Micro Devices during the 2nd quarter valued at $125,000. 1492 Capital Management LLC purchased a new stake in Advanced Micro Devices during the 3rd quarter valued at $128,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in Advanced Micro Devices during the 3rd quarter valued at $139,000. 59.05% of the stock is owned by institutional investors and hedge funds.
Advanced Micro Devices Company Profile
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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