Traders Buy Advanced Micro Devices, Inc. (AMD) on Weakness After Insider Selling

Investors bought shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) on weakness during trading hours on Monday following insider selling activity. $152.30 million flowed into the stock on the tick-up and $81.29 million flowed out of the stock on the tick-down, for a money net flow of $71.01 million into the stock. Of all equities tracked, Advanced Micro Devices had the 5th highest net in-flow for the day. Advanced Micro Devices traded down ($0.17) for the day and closed at $11.09Specifically, insider Darla M. Smith sold 8,172 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $12.85, for a total transaction of $105,010.20. Following the completion of the sale, the insider now owns 34,934 shares of the company’s stock, valued at approximately $448,901.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $12.18, for a total transaction of $1,522,500.00. Following the sale, the chief executive officer now directly owns 2,037,139 shares of the company’s stock, valued at approximately $24,812,353.02. The disclosure for this sale can be found here. Insiders have sold a total of 1,320,759 shares of company stock valued at $16,135,871 in the last ninety days. Insiders own 1.60% of the company’s stock.

Several research firms have recently commented on AMD. BMO Capital Markets lowered shares of Advanced Micro Devices from an “outperform” rating to a “market perform” rating and set a $15.00 price target for the company. in a research report on Wednesday, July 26th. Jefferies Group LLC set a $19.00 target price on shares of Advanced Micro Devices and gave the stock a “buy” rating in a report on Wednesday, July 26th. Stifel Nicolaus reissued a “hold” rating and issued a $11.00 target price on shares of Advanced Micro Devices in a report on Saturday, July 22nd. Deutsche Bank AG reissued a “hold” rating and issued a $12.00 target price (up from $10.00) on shares of Advanced Micro Devices in a report on Wednesday, July 26th. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $15.00 target price on shares of Advanced Micro Devices in a report on Wednesday, September 20th. Six research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Advanced Micro Devices currently has a consensus rating of “Hold” and an average target price of $14.05.

The company has a current ratio of 1.70, a quick ratio of 1.20 and a debt-to-equity ratio of 2.61.

Large investors have recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. lifted its position in shares of Advanced Micro Devices by 1,655.2% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock worth $111,000 after purchasing an additional 8,243 shares during the last quarter. First Personal Financial Services bought a new stake in shares of Advanced Micro Devices during the third quarter worth $127,000. K.J. Harrison & Partners Inc bought a new stake in shares of Advanced Micro Devices during the second quarter worth $125,000. 1492 Capital Management LLC bought a new stake in shares of Advanced Micro Devices during the third quarter worth $128,000. Finally, Stratos Wealth Partners LTD. bought a new stake in shares of Advanced Micro Devices during the third quarter worth $139,000. Institutional investors and hedge funds own 58.63% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Traders Buy Advanced Micro Devices, Inc. (AMD) on Weakness After Insider Selling” was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this story on another website, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this story can be read at https://www.chaffeybreeze.com/2017/11/14/traders-buy-advanced-micro-devices-inc-amd-on-weakness-after-insider-selling.html.

About Advanced Micro Devices

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.

Receive News & Ratings for Advanced Micro Devices Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply