Advanced Micro Devices, Inc. (NASDAQ:AMD) insider Mark D. Papermaster sold 50,000 shares of the stock in a transaction on Monday, October 15th. The shares were sold at an average price of $26.17, for a total transaction of $1,308,500.00. Following the transaction, the insider now owns 1,262,198 shares in the company, valued at $33,031,721.66. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Advanced Micro Devices stock opened at $27.30 on Thursday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.26 and a current ratio of 1.66. Advanced Micro Devices, Inc. has a 1 year low of $9.04 and a 1 year high of $34.14. The stock has a market capitalization of $30.11 billion, a PE ratio of 341.25, a price-to-earnings-growth ratio of 6.00 and a beta of 3.10.
Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Wednesday, July 25th. The semiconductor manufacturer reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. Advanced Micro Devices had a net margin of 5.04% and a return on equity of 52.84%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period last year, the firm posted $0.02 EPS. The company’s revenue for the quarter was up 52.6% on a year-over-year basis. On average, research analysts expect that Advanced Micro Devices, Inc. will post 0.37 earnings per share for the current year.
AMD has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price objective on shares of Advanced Micro Devices from $21.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, September 19th. Cowen increased their price objective on shares of Advanced Micro Devices from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, September 4th. Robert W. Baird downgraded shares of Advanced Micro Devices from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $20.00 to $28.00 in a research note on Monday, October 1st. They noted that the move was a valuation call. Rosenblatt Securities increased their price objective on shares of Advanced Micro Devices from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, September 11th. Finally, Goldman Sachs Group upgraded shares of Advanced Micro Devices from a “sell” rating to a “neutral” rating and increased their price objective for the company from $13.25 to $21.00 in a research note on Friday, August 10th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $23.58.
About Advanced Micro Devices
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's 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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