Advanced Micro Devices, Inc. (AMD) Insider Mark D. Papermaster Sells 50,000 Shares of Stock

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.

Several institutional investors have recently bought and sold shares of AMD. Dimensional Fund Advisors LP lifted its position in shares of Advanced Micro Devices by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,195,332 shares of the semiconductor manufacturer’s stock worth $22,063,000 after buying an additional 38,549 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Advanced Micro Devices by 47.8% in the 1st quarter. Russell Investments Group Ltd. now owns 853,383 shares of the semiconductor manufacturer’s stock worth $8,565,000 after acquiring an additional 276,108 shares during the period. BB&T Securities LLC acquired a new stake in shares of Advanced Micro Devices in the 1st quarter worth about $279,000. Baird Financial Group Inc. acquired a new stake in shares of Advanced Micro Devices in the 1st quarter worth about $202,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Advanced Micro Devices by 15.2% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 308,225 shares of the semiconductor manufacturer’s stock worth $3,098,000 after acquiring an additional 40,606 shares during the period. Institutional investors own 65.96% of the company’s stock.

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

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