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 the business’s stock in a transaction dated Monday, April 15th. The shares were 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 owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Advanced Micro Devices Stock Performance

Shares of AMD traded down $9.44 during trading hours on Wednesday, hitting $154.02. The stock had a trading volume of 75,773,286 shares, compared to its average volume of 74,973,969. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The firm has a 50-day moving average price of $180.78 and a 200 day moving average price of $148.19. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30. The firm has a market capitalization of $248.92 billion, a price-to-earnings ratio of 298.68, a PEG ratio of 2.44 and a beta of 1.64.

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

Hedge Funds Weigh In On Advanced Micro Devices

A number of large investors have recently added to or reduced their stakes in AMD. Peoples Bank KS purchased a new stake in shares of Advanced Micro Devices during the third quarter worth $26,000. Castleview Partners LLC grew its holdings in shares of Advanced Micro Devices by 62.5% during the second quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 90 shares in the last quarter. Spartan Planning & Wealth Management purchased a new stake in shares of Advanced Micro Devices during the third quarter worth $27,000. O Dell Group LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth $27,000. Finally, Northwest Bank & Trust Co purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth $28,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AMD. Raymond James lowered shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and boosted their price target for the company from $190.00 to $195.00 in a report on Tuesday, January 30th. Mizuho boosted their price target on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, March 7th. HSBC upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their price target for the company from $180.00 to $225.00 in a report on Tuesday. StockNews.com raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Thursday, February 29th. Finally, New Street Research raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a research report on Wednesday, January 24th. Four research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price 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.