Advanced Micro Devices, Inc. (NASDAQ:AMD) CFO Devinder Kumar sold 39,507 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $12.46, for a total transaction of $492,257.22. Following the completion of the transaction, the chief financial officer now owns 793,403 shares in the company, valued at approximately $9,885,801.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Devinder Kumar also recently made the following trade(s):
- On Thursday, August 3rd, Devinder Kumar sold 130,217 shares of Advanced Micro Devices stock. The shares were sold at an average price of $13.18, for a total transaction of $1,716,260.06.
- On Wednesday, May 24th, Devinder Kumar sold 100,634 shares of Advanced Micro Devices stock. The shares were sold at an average price of $10.85, for a total transaction of $1,091,878.90.
Advanced Micro Devices, Inc. (AMD) opened at 12.23 on Monday. The company’s market cap is $11.58 billion. The stock has a 50 day moving average of $13.47 and a 200 day moving average of $12.85. Advanced Micro Devices, Inc. has a 52 week low of $5.66 and a 52 week high of $15.65.
Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the business earned ($0.05) EPS. The company’s revenue was up 19.0% compared to the same quarter last year. On average, analysts expect that Advanced Micro Devices, Inc. will post $0.10 earnings per share for the current year.
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AMD has been the topic of a number of analyst reports. Craig Hallum boosted their price objective on shares of Advanced Micro Devices from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, June 22nd. Bank of America Corporation restated a “buy” rating on shares of Advanced Micro Devices in a research report on Tuesday, May 9th. Canaccord Genuity boosted their price objective on shares of Advanced Micro Devices from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, June 21st. Wells Fargo & Company restated an “outperform” rating and issued a $15.00 price objective on shares of Advanced Micro Devices in a research report on Friday, June 30th. Finally, Vetr upgraded shares of Advanced Micro Devices from a “buy” rating to a “strong-buy” rating and set a $15.99 price objective on the stock in a research report on Monday, June 26th. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Advanced Micro Devices has an average rating of “Hold” and an average target price of $14.18.
Several hedge funds have recently added to or reduced their stakes in the stock. Wealthfront Inc. boosted its stake in Advanced Micro Devices by 0.5% in the second quarter. Wealthfront Inc. now owns 20,050 shares of the semiconductor manufacturer’s stock worth $250,000 after buying an additional 104 shares during the period. North Star Asset Management Inc. boosted its stake in Advanced Micro Devices by 1.5% in the first quarter. North Star Asset Management Inc. now owns 15,330 shares of the semiconductor manufacturer’s stock worth $223,000 after buying an additional 233 shares during the period. Neuberger Berman Group LLC boosted its stake in Advanced Micro Devices by 0.4% in the second quarter. Neuberger Berman Group LLC now owns 70,113 shares of the semiconductor manufacturer’s stock worth $875,000 after buying an additional 272 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Advanced Micro Devices by 0.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 57,571 shares of the semiconductor manufacturer’s stock worth $718,000 after buying an additional 348 shares during the period. Finally, Pier Capital LLC boosted its stake in Advanced Micro Devices by 1.0% in the first quarter. Pier Capital LLC now owns 49,311 shares of the semiconductor manufacturer’s stock worth $717,000 after buying an additional 474 shares during the period. Institutional investors and hedge funds own 56.37% of the company’s stock.
Advanced Micro Devices Company Profile
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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