Devinder Kumar Sells 117,120 Shares of Advanced Micro Devices, Inc. (AMD) Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) CFO Devinder Kumar sold 117,120 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $12.08, for a total value of $1,414,809.60. Following the sale, the chief financial officer now directly owns 698,313 shares of the company’s stock, valued at $8,435,621.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Devinder Kumar also recently made the following trade(s):

  • On Wednesday, December 27th, Devinder Kumar sold 36,293 shares of Advanced Micro Devices stock. The stock was sold at an average price of $10.62, for a total value of $385,431.66.
  • On Wednesday, November 29th, Devinder Kumar sold 113,519 shares of Advanced Micro Devices stock. The stock was sold at an average price of $11.04, for a total value of $1,253,249.76.
  • On Friday, November 17th, Devinder Kumar sold 99,207 shares of Advanced Micro Devices stock. The stock was sold at an average price of $11.45, for a total value of $1,135,920.15.
  • On Monday, November 6th, Devinder Kumar sold 121,875 shares of Advanced Micro Devices stock. The stock was sold at an average price of $11.85, for a total value of $1,444,218.75.

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) opened at $12.47 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.20 and a debt-to-equity ratio of 2.61. Advanced Micro Devices, Inc. has a 52 week low of $9.67 and a 52 week high of $15.65.

Large investors have recently modified their holdings of the business. Bronfman E.L. Rothschild L.P. boosted its stake in Advanced Micro Devices by 1,655.2% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock worth $111,000 after buying an additional 8,243 shares during the last quarter. First Personal Financial Services acquired a new stake in Advanced Micro Devices in the 3rd quarter worth about $127,000. 1492 Capital Management LLC acquired a new stake in Advanced Micro Devices in the 3rd quarter worth about $128,000. Cetera Investment Advisers acquired a new stake in Advanced Micro Devices in the 3rd quarter worth about $137,000. Finally, Ausdal Financial Partners Inc. acquired a new stake in Advanced Micro Devices in the 3rd quarter worth about $139,000. 60.09% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have issued reports on AMD. Zacks Investment Research upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Friday, October 27th. Rosenblatt Securities reiterated a “buy” rating and issued a $22.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, September 21st. Bank of America reiterated a “buy” rating on shares of Advanced Micro Devices in a research report on Sunday, October 1st. Jefferies Group reiterated a “buy” rating and issued a $19.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, October 25th. Finally, Mizuho reiterated a “buy” rating and issued a $17.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, November 28th. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $14.56.

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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.

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

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