Traders Sell Advanced Micro Devices (AMD) on Strength (AMD)

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Traders sold shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) on strength during trading hours on Tuesday. $249.67 million flowed into the stock on the tick-up and $304.08 million flowed out of the stock on the tick-down, for a money net flow of $54.41 million out of the stock. Of all equities tracked, Advanced Micro Devices had the 21st highest net out-flow for the day. Advanced Micro Devices traded up $0.60 for the day and closed at $27.93

Several brokerages have recently commented on AMD. Zacks Investment Research downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. Daiwa Capital Markets began coverage on Advanced Micro Devices in a research note on Friday, December 21st. They issued an “outperform” rating and a $26.00 price objective for the company. Bank of America increased their price objective on Advanced Micro Devices from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Nomura began coverage on Advanced Micro Devices in a research note on Tuesday, April 2nd. They issued a “buy” rating and a $33.00 price objective for the company. Finally, ValuEngine downgraded Advanced Micro Devices from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $26.87.

The firm has a market cap of $30.12 billion, a PE ratio of 79.80, a P/E/G ratio of 1.76 and a beta of 3.40. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.78 and a quick ratio of 1.36.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results 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 company had revenue of $1.42 billion during the quarter, compared to analyst estimates 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 company posted $0.08 earnings per share. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 0.52 EPS for the current fiscal year.

In other Advanced Micro Devices news, SVP Paul Darren Grasby sold 6,000 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $27.54, for a total transaction of $165,240.00. Following the completion of the transaction, the senior vice president now directly owns 28,979 shares of the company’s stock, valued at $798,081.66. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ahmed Yahia sold 51,000 shares of the stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $24.08, for a total value of $1,228,080.00. Following the transaction, the director now directly owns 82,806 shares of the company’s stock, valued at $1,993,968.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,423,166 shares of company stock valued at $829,270,489. 1.50% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC boosted its holdings in shares of Advanced Micro Devices by 63.7% in the third quarter. LPL Financial LLC now owns 160,881 shares of the semiconductor manufacturer’s stock worth $4,970,000 after acquiring an additional 62,632 shares during the period. Paloma Partners Management Co bought a new position in shares of Advanced Micro Devices in the third quarter worth $461,000. Pacer Advisors Inc. boosted its holdings in shares of Advanced Micro Devices by 26.8% in the third quarter. Pacer Advisors Inc. now owns 48,768 shares of the semiconductor manufacturer’s stock worth $1,506,000 after acquiring an additional 10,297 shares during the period. MetLife Investment Advisors LLC boosted its holdings in shares of Advanced Micro Devices by 2.9% in the third quarter. MetLife Investment Advisors LLC now owns 249,632 shares of the semiconductor manufacturer’s stock worth $7,711,000 after acquiring an additional 7,083 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Advanced Micro Devices by 21.8% in the third quarter. Advisors Asset Management Inc. now owns 26,549 shares of the semiconductor manufacturer’s stock worth $820,000 after acquiring an additional 4,756 shares during the period. 58.84% of the stock is owned by institutional investors and hedge funds.

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About Advanced Micro Devices (NASDAQ:AMD)

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its 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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