Advanced Micro Devices, Inc. (NASDAQ:AMD) was the recipient of some unusual options trading activity on Tuesday. Investors acquired 127,375 put options on the company. This is an increase of 209% compared to the typical volume of 41,215 put options.

In other news, SVP James Robert Anderson sold 20,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $10.86, for a total value of $217,200.00. Following the completion of the sale, the senior vice president now directly owns 300,334 shares of the company’s stock, valued at $3,261,627.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Darla M. Smith sold 17,028 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $10.25, for a total transaction of $174,537.00. Following the completion of the sale, the insider now directly owns 29,147 shares of the company’s stock, valued at $298,756.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 618,478 shares of company stock valued at $7,151,477. 1.60% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in Advanced Micro Devices during the first quarter valued at $100,000. Intellectus Partners LLC purchased a new position in Advanced Micro Devices during the first quarter valued at $116,000. ING Groep NV purchased a new position in Advanced Micro Devices during the first quarter valued at $127,000. Bluestein R H & Co. purchased a new position in Advanced Micro Devices during the first quarter valued at $146,000. Finally, Harbor Advisors LLC purchased a new position in Advanced Micro Devices during the first quarter valued at $146,000. 56.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of Advanced Micro Devices (NASDAQ AMD) opened at 14.12 on Friday. The firm’s market capitalization is $13.34 billion. Advanced Micro Devices has a 52-week low of $5.45 and a 52-week high of $15.65. The stock has a 50 day moving average of $13.25 and a 200 day moving average of $12.65.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.04. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.55%. The business’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.05) EPS. On average, analysts predict that Advanced Micro Devices will post $0.09 EPS for the current fiscal year.

A number of brokerages have recently commented on AMD. Stifel Nicolaus reaffirmed a “hold” rating and issued a $13.00 target price on shares of Advanced Micro Devices in a report on Friday. Goldman Sachs Group, Inc. (The) set a $11.00 target price on shares of Advanced Micro Devices and gave the company a “sell” rating in a report on Wednesday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $22.00 target price on shares of Advanced Micro Devices in a report on Wednesday. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $18.00 target price (up from $15.00) on shares of Advanced Micro Devices in a report on Wednesday. Finally, Citigroup Inc. reaffirmed a “sell” rating on shares of Advanced Micro Devices in a report on Wednesday. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $14.10.

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About Advanced Micro Devices

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

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