Insider Selling: Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP Sells 6,000 Shares of Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP Paul Darren Grasby sold 6,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $28.39, for a total value of $170,340.00. Following the completion of the sale, the senior vice president now owns 22,979 shares of the company’s stock, valued at $652,373.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Paul Darren Grasby also recently made the following trade(s):

  • On Friday, March 22nd, Paul Darren Grasby sold 6,000 shares of Advanced Micro Devices stock. The shares were sold at an average price of $27.54, for a total value of $165,240.00.

Shares of AMD opened at $30.37 on Friday. The stock 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. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.08 and a quick ratio of 1.54. The business’s 50-day moving average is $29.02. Advanced Micro Devices, Inc. has a 52-week low of $14.74 and a 52-week high of $34.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $1.27 billion for 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 company’s quarterly revenue was down 22.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.11 EPS. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 0.53 earnings per share for the current year.

Several brokerages recently issued reports on AMD. Wells Fargo & Co upped their price target on Advanced Micro Devices from $30.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Zacks Investment Research downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Craig Hallum reiterated a “buy” rating and set a $33.00 price target (up previously from $27.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. MKM Partners upped their price target on Advanced Micro Devices to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Finally, Barclays boosted their price objective on Advanced Micro Devices from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $29.88.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Joseph P. Lucia & Associates LLC bought a new position in shares of Advanced Micro Devices during the 1st quarter valued at about $25,000. Advisory Alpha LLC bought a new position in shares of Advanced Micro Devices during the 1st quarter valued at about $26,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Advanced Micro Devices during the 1st quarter valued at about $26,000. Peddock Capital Advisors LLC increased its position in shares of Advanced Micro Devices by 151.5% during the 1st quarter. Peddock Capital Advisors LLC now owns 1,021 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 615 shares during the last quarter. Finally, Berman Capital Advisors LLC increased its position in shares of Advanced Micro Devices by 99.4% during the 1st quarter. Berman Capital Advisors LLC now owns 1,077 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 537 shares during the last quarter. 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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