Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Sells $2,660,850.00 in Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Advanced Micro Devices Stock Down 5.8 %

Shares of Advanced Micro Devices stock traded down $9.44 during trading on Wednesday, reaching $154.02. The company had a trading volume of 75,773,286 shares, compared to its average volume of 74,973,969. The company has a market cap of $248.92 billion, a price-to-earnings ratio of 298.68, a price-to-earnings-growth ratio of 2.44 and a beta of 1.64. The firm’s fifty day moving average is $180.78 and its 200-day moving average is $148.19. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 2.63 EPS for the current year.

Institutional Investors Weigh In On Advanced Micro Devices

Institutional investors have recently modified their holdings of the business. Peoples Bank KS bought a new position in Advanced Micro Devices in the 3rd quarter worth about $26,000. Castleview Partners LLC grew its position in Advanced Micro Devices by 62.5% in the 2nd quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 90 shares during the last quarter. Spartan Planning & Wealth Management bought a new position in Advanced Micro Devices in the 3rd quarter worth about $27,000. O Dell Group LLC bought a new position in Advanced Micro Devices in the 4th quarter worth about $27,000. Finally, Northwest Bank & Trust Co bought a new position in Advanced Micro Devices in the 4th quarter worth about $28,000. Institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on AMD. Wells Fargo & Company lifted their target price on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. StockNews.com raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Thursday, February 29th. Mizuho boosted their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. The Goldman Sachs Group boosted their price objective on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Finally, Melius Research raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price objective for the company in a research note on Monday, January 8th. Four equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.15.

Advanced Micro Devices Company Profile

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.