Advanced Micro Devices, Inc. (NASDAQ:AMD) CFO Devinder Kumar sold 121,356 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $12.13, for a total value of $1,472,048.28. Following the completion of the transaction, the chief financial officer now directly owns 718,896 shares in the company, valued at $8,720,208.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Devinder Kumar also recently made the following trade(s):
- On Friday, August 11th, Devinder Kumar sold 86,875 shares of Advanced Micro Devices stock. The stock was sold at an average price of $12.08, for a total value of $1,049,450.00.
- On Thursday, August 10th, Devinder Kumar sold 39,507 shares of Advanced Micro Devices stock. The stock was sold at an average price of $12.46, for a total value of $492,257.22.
- On Thursday, August 3rd, Devinder Kumar sold 130,217 shares of Advanced Micro Devices stock. The stock was sold at an average price of $13.18, for a total value of $1,716,260.06.
Advanced Micro Devices, Inc. (NASDAQ AMD) opened at 12.43 on Friday. Advanced Micro Devices, Inc. has a one year low of $5.66 and a one year high of $15.65. The firm has a 50-day moving average of $13.28 and a 200-day moving average of $12.93. The company’s market cap is $11.77 billion.
Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04. The company 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 firm’s revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.05) EPS. On average, analysts predict that Advanced Micro Devices, Inc. will post $0.10 EPS for the current year.
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Several large investors have recently made changes to their positions in AMD. Trexquant Investment LP acquired a new stake in Advanced Micro Devices during the first quarter worth $706,000. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Advanced Micro Devices during the first quarter worth $148,000. Janney Montgomery Scott LLC raised its stake in Advanced Micro Devices by 91.0% in the first quarter. Janney Montgomery Scott LLC now owns 143,912 shares of the semiconductor manufacturer’s stock worth $2,094,000 after buying an additional 68,565 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in Advanced Micro Devices by 392.1% in the first quarter. UBS Asset Management Americas Inc. now owns 1,995,898 shares of the semiconductor manufacturer’s stock worth $29,040,000 after buying an additional 1,590,293 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its stake in Advanced Micro Devices by 8.3% in the second quarter. Xact Kapitalforvaltning AB now owns 117,437 shares of the semiconductor manufacturer’s stock worth $1,466,000 after buying an additional 9,046 shares during the last quarter. 56.37% of the stock is currently owned by institutional investors.
Several research firms have commented on AMD. Zacks Investment Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Monday, May 1st. Macquarie lowered Advanced Micro Devices from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $16.00 to $10.00 in a research report on Tuesday, May 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $11.00 price objective (up from $8.00) on shares of Advanced Micro Devices in a research report on Tuesday, May 2nd. Mizuho raised their price objective on Advanced Micro Devices from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, May 2nd. Finally, Barclays PLC reissued an “equal weight” rating and issued a $9.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, May 2nd. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $14.18.
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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