Advanced Micro Devices Inc. (NASDAQ:AMD) SVP Harry A. Wolin sold 18,000 shares of Advanced Micro Devices stock in a transaction on Monday, November 28th. The stock was sold at an average price of $8.88, for a total value of $159,840.00. Following the sale, the senior vice president now owns 688,116 shares in the company, valued at $6,110,470.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Advanced Micro Devices Inc. (NASDAQ:AMD) traded up 1.13% on Tuesday, hitting $8.93. The company’s stock had a trading volume of 54,831,388 shares. The firm’s market cap is $8.28 billion. The firm has a 50 day moving average of $7.25 and a 200 day moving average of $6.16. Advanced Micro Devices Inc. has a 12 month low of $1.75 and a 12 month high of $9.23.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Thursday, October 20th. The semiconductor manufacturer reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.02. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.23 billion. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.17) EPS. Equities research analysts forecast that Advanced Micro Devices Inc. will post ($0.15) earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. BP PLC purchased a new position in shares of Advanced Micro Devices during the second quarter worth $1,283,000. Hood River Capital Management LLC acquired a new position in shares of Advanced Micro Devices during the second quarter worth approximately $7,905,000. ClariVest Asset Management LLC acquired a new position in shares of Advanced Micro Devices during the second quarter worth approximately $2,853,000. LMR Partners LLP increased its position in shares of Advanced Micro Devices by 952.7% in the second quarter. LMR Partners LLP now owns 302,482 shares of the semiconductor manufacturer’s stock worth $1,555,000 after buying an additional 273,749 shares during the last quarter. Finally, K.J. Harrison & Partners Inc acquired a new position in shares of Advanced Micro Devices during the second quarter worth approximately $257,000. Hedge funds and other institutional investors own 53.83% of the company’s stock.

AMD has been the subject of a number of recent research reports. Canaccord Genuity reissued a “buy” rating and issued a $8.50 target price on shares of Advanced Micro Devices in a research report on Monday, September 12th. Zacks Investment Research downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Friday, November 18th. MKM Partners raised their target price on Advanced Micro Devices from $8.00 to $10.50 and gave the stock a “buy” rating in a research report on Tuesday, November 22nd. Credit Suisse Group AG raised Advanced Micro Devices from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $5.50 to $7.00 in a research report on Wednesday, October 12th. Finally, Barclays PLC initiated coverage on Advanced Micro Devices in a research report on Friday, October 7th. They issued an “equal weight” rating and a $7.00 target price for the company. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $6.28.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as a standalone central processing unit (CPU) or as incorporated into an accelerated processing unit (APU), chipsets, and discrete graphics processing units (GPUs) for the consumer, commercial and professional graphics markets, and server and embedded CPUs, GPUs and APUs, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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