Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 1.6% on Insider Selling

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s share price dropped 1.6% on Wednesday after an insider sold shares in the company. The stock traded as low as $160.62 and last traded at $160.85. Approximately 15,524,256 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 74,127,133 shares. The stock had previously closed at $163.46.

Specifically, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Victor Peng sold 100,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the transaction, the insider now owns 241,266 shares in the company, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. In the last 90 days, insiders sold 341,143 shares of company stock valued at $62,580,844. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

AMD has been the topic of several research analyst reports. Barclays lifted their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. TD Cowen upped their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday. StockNews.com upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Thursday, February 29th. Mizuho boosted their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Finally, Evercore ISI began coverage on Advanced Micro Devices in a report on Tuesday. They set an “outperform” rating and a $200.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.59.

Advanced Micro Devices Trading Up 0.7 %

The stock has a market cap of $250.63 billion, a price-to-earnings ratio of 298.24, a P/E/G ratio of 2.35 and a beta of 1.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The business’s fifty day simple moving average is $180.16 and its 200 day simple moving average is $148.28.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 EPS. On average, research analysts predict that Advanced Micro Devices, Inc. will post 2.63 EPS for the current year.

Institutional Trading of Advanced Micro Devices

A number of large investors have recently added to or reduced their stakes in AMD. Fairfield Bush & CO. acquired a new stake in shares of Advanced Micro Devices during the 1st quarter worth about $836,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Advanced Micro Devices by 49.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,384,719 shares of the semiconductor manufacturer’s stock valued at $260,746,000 after purchasing an additional 791,710 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in shares of Advanced Micro Devices by 34.9% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 2,677 shares of the semiconductor manufacturer’s stock valued at $293,000 after purchasing an additional 692 shares during the last quarter. Raymond James Trust N.A. boosted its position in Advanced Micro Devices by 104.8% during the 1st quarter. Raymond James Trust N.A. now owns 7,959 shares of the semiconductor manufacturer’s stock worth $870,000 after buying an additional 4,072 shares during the period. Finally, Baird Financial Group Inc. boosted its position in Advanced Micro Devices by 217.2% during the 1st quarter. Baird Financial Group Inc. now owns 398,051 shares of the semiconductor manufacturer’s stock worth $43,524,000 after buying an additional 272,557 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.