Advanced Micro Devices, Inc. (AMD) CFO Sells $1,317,000.00 in Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) CFO Devinder Kumar sold 75,000 shares of the stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $17.56, for a total transaction of $1,317,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Wednesday, August 29th, Devinder Kumar sold 32,829 shares of Advanced Micro Devices stock. The stock was sold at an average price of $24.42, for a total transaction of $801,684.18.
  • On Thursday, August 16th, Devinder Kumar sold 258,622 shares of Advanced Micro Devices stock. The stock was sold at an average price of $19.51, for a total transaction of $5,045,715.22.
  • On Tuesday, August 7th, Devinder Kumar sold 113,519 shares of Advanced Micro Devices stock. The stock was sold at an average price of $19.37, for a total transaction of $2,198,863.03.

NASDAQ:AMD opened at $20.23 on Friday. The stock has a market cap of $20.22 billion, a price-to-earnings ratio of 252.88, a PEG ratio of 4.16 and a beta of 3.64. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.76 and a quick ratio of 1.37. Advanced Micro Devices, Inc. has a fifty-two week low of $9.04 and a fifty-two week high of $34.14.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Wednesday, October 24th. The semiconductor manufacturer reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.71 billion. Advanced Micro Devices had a net margin of 5.51% and a return on equity of 47.21%. Advanced Micro Devices’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business earned $0.10 EPS. Equities research analysts expect that Advanced Micro Devices, Inc. will post 0.35 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the business. Swedbank bought a new stake in shares of Advanced Micro Devices in the third quarter worth approximately $152,865,000. State of Wisconsin Investment Board grew its stake in shares of Advanced Micro Devices by 7.4% in the second quarter. State of Wisconsin Investment Board now owns 1,061,554 shares of the semiconductor manufacturer’s stock worth $15,913,000 after acquiring an additional 73,081 shares during the period. OmniStar Financial Group Inc. bought a new stake in shares of Advanced Micro Devices in the second quarter worth approximately $316,000. Barometer Capital Management Inc. bought a new stake in shares of Advanced Micro Devices in the third quarter worth approximately $3,265,000. Finally, Renaissance Technologies LLC grew its stake in shares of Advanced Micro Devices by 541.5% in the second quarter. Renaissance Technologies LLC now owns 7,427,326 shares of the semiconductor manufacturer’s stock worth $111,336,000 after acquiring an additional 6,269,500 shares during the period. Institutional investors and hedge funds own 66.23% of the company’s stock.

AMD has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price target on shares of Advanced Micro Devices from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, July 16th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Advanced Micro Devices in a report on Thursday, July 26th. Mizuho reaffirmed a “buy” rating and set a $20.00 target price on shares of Advanced Micro Devices in a report on Thursday, July 26th. BMO Capital Markets reissued a “hold” rating and set a $14.00 price target on shares of Advanced Micro Devices in a research report on Thursday, July 26th. Finally, Cowen reissued an “outperform” rating and set a $25.00 price target (up previously from $21.00) on shares of Advanced Micro Devices in a research report on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $23.52.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's 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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Insider Buying and Selling by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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