Insider Selling: Advanced Micro Devices, Inc. (NASDAQ:AMD) CAO Sells $281,249.64 in Stock

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Advanced Micro Devices, Inc. (NASDAQ:AMD) CAO Darla M. Smith sold 8,388 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $33.53, for a total transaction of $281,249.64. Following the sale, the chief accounting officer now owns 35,918 shares in the company, valued at $1,204,330.54. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Darla M. Smith also recently made the following trade(s):

  • On Tuesday, June 4th, Darla M. Smith sold 27,000 shares of Advanced Micro Devices stock. The stock was sold at an average price of $29.45, for a total transaction of $795,150.00.

NASDAQ AMD opened at $29.67 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.08 and a debt-to-equity ratio of 0.54. Advanced Micro Devices, Inc. has a 12-month low of $16.03 and a 12-month high of $35.55. The company has a market capitalization of $34.86 billion, a PE ratio of 84.77, a price-to-earnings-growth ratio of 2.73 and a beta of 3.06. The firm’s 50 day moving average is $32.11 and its 200-day moving average is $28.02.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. Advanced Micro Devices had a net margin of 3.25% and a return on equity of 16.04%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the business earned $0.14 earnings per share. The firm’s revenue was down 12.8% on a year-over-year basis. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 0.5 EPS for the current year.

Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in Advanced Micro Devices by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,399,337 shares of the semiconductor manufacturer’s stock worth $62,743,000 after acquiring an additional 136,475 shares during the last quarter. Geode Capital Management LLC boosted its position in Advanced Micro Devices by 14.5% during the fourth quarter. Geode Capital Management LLC now owns 13,069,235 shares of the semiconductor manufacturer’s stock worth $240,885,000 after acquiring an additional 1,651,507 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in Advanced Micro Devices during the fourth quarter worth approximately $962,000. Mercer Global Advisors Inc. ADV acquired a new stake in Advanced Micro Devices during the first quarter worth approximately $215,000. Finally, Landsberg Bennett & Dubbaneh LLC boosted its position in Advanced Micro Devices by 38.2% during the first quarter. Landsberg Bennett & Dubbaneh LLC now owns 16,606 shares of the semiconductor manufacturer’s stock worth $482,000 after acquiring an additional 4,586 shares during the last quarter. 60.38% of the stock is owned by institutional investors and hedge funds.

Several brokerages have commented on AMD. Mizuho set a $36.00 target price on shares of Advanced Micro Devices and gave the stock a “hold” rating in a report on Monday. Atlantic Securities began coverage on shares of Advanced Micro Devices in a report on Monday, July 22nd. They set a “neutral” rating and a $28.00 target price on the stock. UBS Group raised their target price on shares of Advanced Micro Devices from $24.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. JPMorgan Chase & Co. raised their target price on shares of Advanced Micro Devices from $25.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, Barclays raised their target price on shares of Advanced Micro Devices from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $31.54.

Advanced Micro Devices Company Profile

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

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