Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the transaction, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Advanced Micro Devices Trading Down 0.9 %
AMD opened at $87.50 on Friday. The stock has a market capitalization of $141.42 billion, a price-to-earnings ratio of 88.38, a P/E/G ratio of 1.11 and a beta of 1.89. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The company has a 50-day simple moving average of $101.40 and a 200 day simple moving average of $124.05.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. Mizuho decreased their price objective on Advanced Micro Devices from $140.00 to $120.00 and set an "outperform" rating for the company in a report on Friday, March 14th. Wolfe Research downgraded Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a research note on Thursday, January 16th. DZ Bank cut Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a research note on Friday, February 7th. Roth Capital set a $140.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company dropped their price target on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating on the stock in a research report on Thursday. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $144.90.
View Our Latest Report on Advanced Micro Devices
Institutional Investors Weigh In On Advanced Micro Devices
A number of large investors have recently modified their holdings of the business. Bear Mountain Capital Inc. acquired a new stake in Advanced Micro Devices in the fourth quarter valued at about $25,000. Global Wealth Strategies & Associates acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $26,000. Greenline Partners LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at approximately $28,000. Halbert Hargrove Global Advisors LLC acquired a new position in Advanced Micro Devices during the 4th quarter worth approximately $29,000. Finally, Mpwm Advisory Solutions LLC bought a new position in Advanced Micro Devices in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 71.34% of the company's stock.
Advanced Micro Devices Company Profile
(
Get Free Report)
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.
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