Advanced Micro Devices, Inc. (NASDAQ:AMD) insider Mark D. Papermaster sold 272,023 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $32.96, for a total value of $8,965,878.08. Following the transaction, the insider now directly owns 1,607,303 shares in the company, valued at $52,976,706.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of NASDAQ:AMD traded down $0.32 during midday trading on Tuesday, hitting $32.11. The stock had a trading volume of 98,213,619 shares, compared to its average volume of 75,107,453. The stock has a market cap of $37.11 billion, a P/E ratio of 91.74, a PEG ratio of 2.91 and a beta of 3.06. Advanced Micro Devices, Inc. has a 1 year low of $16.03 and a 1 year high of $35.55. The company’s 50 day moving average price is $32.04. The company has a quick ratio of 1.52, a current ratio of 2.08 and a debt-to-equity ratio of 0.54.
Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.52 billion. Advanced Micro Devices had a net margin of 3.25% and a return on equity of 16.04%. The firm’s revenue was down 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.14 earnings per share. Equities analysts forecast that Advanced Micro Devices, Inc. will post 0.5 earnings per share for the current fiscal year.
AMD has been the topic of a number of recent analyst reports. Morgan Stanley upped their price target on Advanced Micro Devices from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Nomura upped their price target on shares of Advanced Micro Devices from $33.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Cowen set a $40.00 price target on shares of Advanced Micro Devices and gave the company a “buy” rating in a report on Wednesday, July 31st. BidaskClub raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Saturday, July 6th. Finally, Barclays upped their price target on shares of Advanced Micro Devices from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $31.54.
Advanced Micro Devices Company Profile
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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