Mark D. Papermaster Sells 272,023 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock

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.

Hedge funds have recently added to or reduced their stakes in the stock. Joseph P. Lucia & Associates LLC purchased a new stake in shares of Advanced Micro Devices in the first quarter valued at about $25,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Advanced Micro Devices in the first quarter valued at about $26,000. Advisory Alpha LLC purchased a new stake in shares of Advanced Micro Devices in the first quarter valued at about $26,000. Peddock Capital Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 151.5% in the first quarter. Peddock Capital Advisors LLC now owns 1,021 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 615 shares in the last quarter. Finally, Berman Capital Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 99.4% in the first quarter. Berman Capital Advisors LLC now owns 1,077 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 537 shares in the last quarter. 60.38% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: What are retained earnings?

Insider Buying and Selling by Quarter for Advanced Micro Devices (NASDAQ:AMD)

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.