Advanced Micro Devices, Inc. (NASDAQ:AMD) insider Mark D. Papermaster sold 272,023 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $32.96, for a total value of $8,965,878.08. Following the transaction, the insider now owns 1,607,303 shares in the company, valued at $52,976,706.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NASDAQ:AMD opened at $29.67 on Friday. The firm has a market capitalization of $35.20 billion, a PE ratio of 84.77, a P/E/G ratio of 2.76 and a beta of 3.06. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.08 and a quick ratio of 1.52. The business has a 50-day moving average of $32.11 and a two-hundred day moving average of $28.02. Advanced Micro Devices, Inc. has a 12 month low of $16.03 and a 12 month high of $35.55.
Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. Advanced Micro Devices had a return on equity of 16.04% and a net margin of 3.25%. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior year, the firm posted $0.14 earnings per share. The firm’s revenue was down 12.8% on a year-over-year basis. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 0.5 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the company. Joseph P. Lucia & Associates LLC acquired a new stake in shares of Advanced Micro Devices in the first quarter valued at about $25,000. Westside Investment Management Inc. acquired a new stake in shares of Advanced Micro Devices in the second quarter valued at about $5,484,000. Advisory Alpha LLC acquired a new stake in shares of Advanced Micro Devices in the first quarter valued at about $26,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Advanced Micro Devices in the first quarter valued at about $26,000. Finally, First PREMIER Bank acquired a new stake in shares of Advanced Micro Devices in the second quarter valued at about $30,000. Institutional investors and hedge funds own 60.38% of the company’s stock.
Several research firms recently weighed in on AMD. Credit Suisse Group set a $30.00 target price on Advanced Micro Devices and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. They noted that the move was a valuation call. Deutsche Bank reiterated a “hold” rating and set a $29.00 target price (up from $25.00) on shares of Advanced Micro Devices in a research report on Tuesday, July 30th. Barclays increased their target price on Advanced Micro Devices from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 1st. Royal Bank of Canada reiterated a “buy” rating and set a $44.00 target price (up from $43.00) on shares of Advanced Micro Devices in a research report on Sunday, August 11th. Finally, ValuEngine upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $31.54.
Advanced Micro Devices Company Profile
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its 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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