Lisa T. Su Sells 128,500 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Lisa T. Su sold 128,500 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $30.69, for a total value of $3,943,665.00. Following the completion of the sale, the chief executive officer now owns 2,880,767 shares in the company, valued at $88,410,739.23. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

NASDAQ AMD traded down $0.47 on Wednesday, hitting $29.76. 50,143,074 shares of the company were exchanged, compared to its average volume of 73,114,391. The firm has a 50 day moving average of $31.40 and a two-hundred day moving average of $28.88. The company has a market cap of $33.11 billion, a P/E ratio of 85.03, a P/E/G ratio of 2.66 and a beta of 3.07. The company has a current ratio of 2.08, a quick ratio of 1.52 and a debt-to-equity ratio of 0.54. Advanced Micro Devices, Inc. has a 1-year low of $16.03 and a 1-year high of $35.55.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. Advanced Micro Devices had a net margin of 3.25% and a return on equity of 16.04%. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter last year, the company posted $0.14 EPS. The company’s quarterly revenue was down 12.8% compared to the same quarter last year. Research analysts anticipate that Advanced Micro Devices, Inc. will post 0.48 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in Advanced Micro Devices by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,399,337 shares of the semiconductor manufacturer’s stock worth $62,743,000 after purchasing an additional 136,475 shares during the period. Geode Capital Management LLC boosted its stake in shares of Advanced Micro Devices by 14.5% in the 4th quarter. Geode Capital Management LLC now owns 13,069,235 shares of the semiconductor manufacturer’s stock valued at $240,885,000 after purchasing an additional 1,651,507 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Advanced Micro Devices by 122.8% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 66,620 shares of the semiconductor manufacturer’s stock worth $1,700,000 after buying an additional 36,717 shares during the period. Victory Capital Management Inc. grew its position in shares of Advanced Micro Devices by 588.0% during the 1st quarter. Victory Capital Management Inc. now owns 983,125 shares of the semiconductor manufacturer’s stock worth $25,089,000 after buying an additional 840,222 shares during the period. Finally, First Allied Advisory Services Inc. raised its stake in shares of Advanced Micro Devices by 6.4% during the first quarter. First Allied Advisory Services Inc. now owns 42,508 shares of the semiconductor manufacturer’s stock worth $1,087,000 after buying an additional 2,546 shares during the last quarter. Institutional investors own 64.73% of the company’s stock.

Several equities analysts recently commented on the company. Atlantic Securities started coverage on Advanced Micro Devices in a research report on Monday, July 22nd. They set a “neutral” rating and a $28.00 target price for the company. Benchmark started coverage on Advanced Micro Devices in a research report on Thursday, August 1st. They issued a “hold” rating on the stock. Bank of America increased their price objective on Advanced Micro Devices from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Cowen set a $40.00 price objective on Advanced Micro Devices and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Nomura set a $37.00 price objective on Advanced Micro Devices and gave the company a “buy” rating in a report on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $31.59.

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

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