Insider Selling: Advanced Micro Devices, Inc. (NASDAQ:AMD) Insider Sells 27,000 Shares of Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) insider Darla M. Smith sold 27,000 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $29.45, for a total value of $795,150.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

NASDAQ AMD opened at $30.37 on Friday. The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.57. The business has a 50-day simple moving average of $29.02. The firm has a market cap of $33.25 billion, a PE ratio of 102.47, a price-to-earnings-growth ratio of 1.88 and a beta of 3.19. Advanced Micro Devices, Inc. has a twelve month low of $14.74 and a twelve month high of $34.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.26 billion. Advanced Micro Devices had a return on equity of 25.23% and a net margin of 4.46%. The firm’s revenue for the quarter was down 22.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 earnings per share. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 0.53 EPS for the current fiscal year.

Several brokerages recently weighed in on AMD. Bank of America boosted their target price on Advanced Micro Devices from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Wedbush began coverage on Advanced Micro Devices in a research note on Wednesday. They set an “outperform” rating and a $35.00 target price on the stock. Morgan Stanley upgraded Advanced Micro Devices from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $17.00 to $28.00 in a research note on Thursday, June 6th. BidaskClub downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Barclays boosted their target price on Advanced Micro Devices from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $29.88.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Penserra Capital Management LLC raised its stake in Advanced Micro Devices by 37.9% in the fourth quarter. Penserra Capital Management LLC now owns 43,426 shares of the semiconductor manufacturer’s stock valued at $800,000 after buying an additional 11,932 shares in the last quarter. Parallel Advisors LLC raised its stake in Advanced Micro Devices by 261.3% in the fourth quarter. Parallel Advisors LLC now owns 6,139 shares of the semiconductor manufacturer’s stock valued at $113,000 after buying an additional 4,440 shares in the last quarter. Northern Trust Corp raised its stake in Advanced Micro Devices by 9.0% in the fourth quarter. Northern Trust Corp now owns 9,969,648 shares of the semiconductor manufacturer’s stock valued at $184,040,000 after buying an additional 823,765 shares in the last quarter. Comerica Bank raised its stake in Advanced Micro Devices by 8.1% in the fourth quarter. Comerica Bank now owns 260,940 shares of the semiconductor manufacturer’s stock valued at $5,023,000 after buying an additional 19,584 shares in the last quarter. Finally, G&S Capital LLC acquired a new stake in Advanced Micro Devices in the first quarter valued at $78,000. Institutional investors and hedge funds own 60.73% of the company’s stock.

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

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