Advanced Micro Devices, Inc. (NASDAQ:AMD) saw some unusual options trading on Wednesday. Investors bought 260,472 call options on the stock. This represents an increase of approximately 204% compared to the typical daily volume of 85,736 call options.
Advanced Micro Devices (AMD) opened at 13.95 on Friday. The company’s market capitalization is $13.18 billion. Advanced Micro Devices has a 12-month low of $5.45 and a 12-month high of $15.65. The stock has a 50 day moving average price of $13.28 and a 200-day moving average price of $12.67.
Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.04. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.16 billion. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. Advanced Micro Devices’s revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.05) EPS. Equities analysts predict that Advanced Micro Devices will post $0.10 EPS for the current fiscal year.
In related news, insider Darla M. Smith sold 17,028 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $10.25, for a total transaction of $174,537.00. Following the sale, the insider now owns 29,147 shares in the company, valued at approximately $298,756.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Devinder Kumar sold 94,199 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $10.20, for a total value of $960,829.80. Following the sale, the chief financial officer now owns 746,635 shares in the company, valued at approximately $7,615,677. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 680,978 shares of company stock worth $8,115,227. 1.60% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Advanced Micro Devices by 21.9% in the first quarter. Vanguard Group Inc. now owns 87,294,800 shares of the semiconductor manufacturer’s stock valued at $1,270,140,000 after buying an additional 15,661,774 shares during the period. Wellington Management Group LLP raised its stake in Advanced Micro Devices by 5,764.6% in the first quarter. Wellington Management Group LLP now owns 14,181,305 shares of the semiconductor manufacturer’s stock valued at $206,339,000 after buying an additional 13,939,494 shares during the period. Old Mutual Global Investors UK Ltd. bought a new stake in Advanced Micro Devices during the first quarter valued at approximately $129,039,000. MARSHALL WACE ASIA Ltd bought a new stake in Advanced Micro Devices during the first quarter valued at approximately $63,654,000. Finally, Marshall Wace North America L.P. bought a new stake in Advanced Micro Devices during the first quarter valued at approximately $63,654,000. Hedge funds and other institutional investors own 56.93% of the company’s stock.
AMD has been the topic of several research analyst reports. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Advanced Micro Devices in a research report on Thursday, April 6th. Longbow Research assumed coverage on Advanced Micro Devices in a report on Friday, June 9th. They issued a “neutral” rating and a $13.10 price target on the stock. Vetr upgraded Advanced Micro Devices from a “buy” rating to a “strong-buy” rating and set a $15.99 price target on the stock in a report on Monday, June 26th. Northland Securities reiterated a “buy” rating and issued a $17.50 price target on shares of Advanced Micro Devices in a report on Friday, June 23rd. Finally, Credit Suisse Group reiterated a “neutral” rating on shares of Advanced Micro Devices in a report on Sunday, May 21st. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $14.10.
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About Advanced Micro Devices
Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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