Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP Harry A. Wolin sold 46,875 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $12.27, for a total value of $575,156.25. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Advanced Micro Devices, Inc. (AMD) opened at $12.02 on Wednesday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 1.27 and a current ratio of 1.76. The company has a market capitalization of $11,403.92, a price-to-earnings ratio of 197.00, a PEG ratio of 5.04 and a beta of 2.70. Advanced Micro Devices, Inc. has a 1-year low of $9.70 and a 1-year high of $15.65.
Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 EPS for the quarter, topping the consensus estimate of $0.04 by $0.04. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Advanced Micro Devices had a return on equity of 16.76% and a net margin of 0.81%. The business’s revenue for the quarter was up 33.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.01) earnings per share. research analysts expect that Advanced Micro Devices, Inc. will post 0.3 EPS for the current fiscal year.
Several research analysts have issued reports on the company. Loop Capital reiterated a “hold” rating and set a $13.00 price objective (down from $14.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 25th. Jefferies Group reiterated a “buy” rating and set a $19.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 25th. Argus upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their price objective for the stock from $13.74 to $18.00 in a research note on Thursday, February 1st. Credit Suisse Group increased their price objective on Advanced Micro Devices from $12.00 to $13.50 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Finally, MKM Partners increased their price objective on Advanced Micro Devices from $13.00 to $14.50 and gave the stock a “buy” rating in a research note on Monday, January 29th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Advanced Micro Devices currently has an average rating of “Hold” and an average price target of $14.88.
Hedge funds have recently made changes to their positions in the company. NINE MASTS CAPITAL Ltd bought a new position in Advanced Micro Devices in the fourth quarter valued at about $102,000. Chilton Investment Co. LLC bought a new position in Advanced Micro Devices in the fourth quarter valued at about $103,000. Stone Ridge Asset Management LLC bought a new position in Advanced Micro Devices in the fourth quarter valued at about $104,000. Bronfman E.L. Rothschild L.P. boosted its holdings in Advanced Micro Devices by 1,655.2% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock valued at $111,000 after acquiring an additional 8,243 shares during the last quarter. Finally, Ellington Management Group LLC bought a new position in Advanced Micro Devices in the fourth quarter valued at about $114,000. Institutional investors own 59.86% of the company’s stock.
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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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