Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Lisa T. Su Sells 125,000 Shares of Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, June 8th. The stock was sold at an average price of $81.08, for a total value of $10,135,000.00. Following the transaction, the chief executive officer now directly owns 2,557,852 shares in the company, valued at approximately $207,390,640.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

AMD stock opened at $81.56 on Friday. The company has a 50 day moving average of $79.73. The stock has a market cap of $99.10 billion, a price-to-earnings ratio of 34.71, a P/E/G ratio of 1.22 and a beta of 2.04. The company has a current ratio of 2.51, a quick ratio of 1.94 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a 1 year low of $48.42 and a 1 year high of $99.23.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Monday, April 26th. The semiconductor manufacturer reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.08. The business had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.20 billion. Advanced Micro Devices had a return on equity of 35.31% and a net margin of 25.24%. The business’s revenue was up 92.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.18 earnings per share. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 1.9 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $991,465,000. Atreides Management LP purchased a new position in shares of Advanced Micro Devices during the 1st quarter worth $237,690,000. Sylebra Capital Ltd boosted its holdings in shares of Advanced Micro Devices by 180.6% during the fourth quarter. Sylebra Capital Ltd now owns 3,912,302 shares of the semiconductor manufacturer’s stock worth $358,797,000 after purchasing an additional 2,517,962 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Advanced Micro Devices by 49.1% in the first quarter. Van ECK Associates Corp now owns 4,874,035 shares of the semiconductor manufacturer’s stock valued at $382,611,000 after purchasing an additional 1,605,887 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in Advanced Micro Devices by 65.7% in the first quarter. Ameriprise Financial Inc. now owns 3,234,793 shares of the semiconductor manufacturer’s stock valued at $255,549,000 after purchasing an additional 1,282,369 shares during the last quarter. 67.59% of the stock is currently owned by institutional investors.

A number of equities analysts have recently commented on AMD shares. Westpark Capital began coverage on shares of Advanced Micro Devices in a report on Tuesday, May 25th. They issued a “buy” rating on the stock. Benchmark began coverage on shares of Advanced Micro Devices in a report on Friday, May 28th. They issued a “buy” rating and a $100.00 target price for the company. Susquehanna Bancshares raised their price target on Advanced Micro Devices from $115.00 to $125.00 and gave the stock a “positive” rating in a report on Wednesday, April 28th. Raymond James increased their price objective on Advanced Micro Devices from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 28th. Finally, Mizuho boosted their target price on Advanced Micro Devices from $105.00 to $107.00 and gave the company a “buy” rating in a report on Wednesday, April 28th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-two have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $96.74.

About Advanced Micro Devices

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, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

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