Advanced Micro Devices, Inc. (NASDAQ:AMD) insider Mark D. Papermaster sold 38,819 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $12.70, for a total value of $493,001.30. Following the completion of the sale, the insider now directly owns 930,839 shares in the company, valued at $11,821,655.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Advanced Micro Devices, Inc. (NASDAQ AMD) traded down 2.30% during midday trading on Thursday, reaching $12.34. 47,230,711 shares of the company’s stock were exchanged. Advanced Micro Devices, Inc. has a 12-month low of $5.66 and a 12-month high of $15.65. The stock’s market capitalization is $11.68 billion. The stock’s 50-day moving average is $13.38 and its 200-day moving average is $12.91.
Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.04. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.16 billion. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.05) earnings per share. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post $0.10 earnings per share for the current year.
Several analysts recently issued reports on the company. Bank of America Corporation reissued a “buy” rating and issued a $18.00 target price on shares of Advanced Micro Devices in a research note on Wednesday. Barclays PLC reissued an “underweight” rating and issued a $9.00 target price on shares of Advanced Micro Devices in a research note on Thursday, August 10th. Pacific Crest reissued an “equal weight” rating on shares of Advanced Micro Devices in a research note on Tuesday, June 20th. Canaccord Genuity reissued a “buy” rating and issued a $20.00 target price on shares of Advanced Micro Devices in a research note on Tuesday. Finally, Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Advanced Micro Devices in a research note on Friday, July 28th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $14.18.
Several hedge funds have recently added to or reduced their stakes in AMD. Hartford Investment Management Co. raised its stake in Advanced Micro Devices by 2.3% in the second quarter. Hartford Investment Management Co. now owns 179,781 shares of the semiconductor manufacturer’s stock worth $2,244,000 after buying an additional 4,036 shares during the last quarter. Sigma Planning Corp purchased a new stake in Advanced Micro Devices during the first quarter valued at approximately $276,000. Mn Services Vermogensbeheer B.V. purchased a new stake in Advanced Micro Devices during the first quarter valued at approximately $286,000. Nippon Life Insurance Co. purchased a new stake in Advanced Micro Devices during the first quarter valued at approximately $454,000. Finally, Nisa Investment Advisors LLC raised its stake in Advanced Micro Devices by 39.5% in the first quarter. Nisa Investment Advisors LLC now owns 11,300 shares of the semiconductor manufacturer’s stock valued at $164,000 after buying an additional 3,200 shares in the last quarter. Hedge funds and other institutional investors 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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