Advanced Micro Devices, Inc. (AMD) CEO Lisa T. Su Sells 50,000 Shares

Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Lisa T. Su sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $22.71, for a total value of $1,135,500.00. Following the transaction, the chief executive officer now owns 2,361,264 shares in the company, valued at approximately $53,624,305.44. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

AMD stock opened at $22.85 on Thursday. The company has a market capitalization of $22.81 billion, a P/E ratio of 65.29, a price-to-earnings-growth ratio of 2.07 and a beta of 3.41. Advanced Micro Devices, Inc. has a 12-month low of $9.04 and a 12-month high of $34.14. The company has a current ratio of 1.78, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, January 29th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Advanced Micro Devices had a return on equity of 37.84% and a net margin of 5.20%. During the same period in the prior year, the firm posted $0.08 EPS. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 0.52 EPS for the current year.

A number of research analysts have weighed in on the company. Robert W. Baird reduced their target price on Advanced Micro Devices from $28.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, October 25th. BidaskClub downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. JPMorgan Chase & Co. boosted their price target on Advanced Micro Devices from $18.00 to $20.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 30th. Daiwa Capital Markets set a $27.00 price target on Advanced Micro Devices and gave the stock a “buy” rating in a research report on Saturday, February 2nd. Finally, Cowen boosted their price target on Advanced Micro Devices from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 30th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Advanced Micro Devices currently has a consensus rating of “Hold” and an average target price of $24.94.

Hedge funds have recently added to or reduced their stakes in the stock. Winslow Evans & Crocker Inc. lifted its position in Advanced Micro Devices by 1,893.9% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 1,316 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 1,250 shares in the last quarter. Capital Investment Advisory Services LLC bought a new position in Advanced Micro Devices in the 4th quarter valued at approximately $27,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in Advanced Micro Devices in the 4th quarter valued at approximately $27,000. Bessemer Group Inc. lifted its position in Advanced Micro Devices by 81.7% in the 4th quarter. Bessemer Group Inc. now owns 1,968 shares of the semiconductor manufacturer’s stock valued at $37,000 after acquiring an additional 885 shares in the last quarter. Finally, Rational Advisors LLC lifted its position in Advanced Micro Devices by 136.6% in the 4th quarter. Rational Advisors LLC now owns 2,222 shares of the semiconductor manufacturer’s stock valued at $41,000 after acquiring an additional 1,283 shares in the last quarter. 59.06% of the stock is currently owned by institutional investors and hedge funds.

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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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