Advanced Micro Devices, Inc. (NASDAQ:AMD) insider Mark D. Papermaster sold 126,438 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $13.18, for a total transaction of $1,666,452.84. Following the completion of the sale, the insider now owns 1,086,522 shares in the company, valued at approximately $14,320,359.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Advanced Micro Devices, Inc. (AMD) opened at 13.11 on Wednesday. Advanced Micro Devices, Inc. has a 12-month low of $5.66 and a 12-month high of $15.65. The company’s 50-day moving average is $13.49 and its 200 day moving average is $12.74. The stock’s market capitalization is $12.39 billion.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.04. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the firm posted ($0.05) EPS. Advanced Micro Devices’s revenue for the quarter was up 19.0% on a year-over-year basis. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post $0.10 earnings per share for the current fiscal year.

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Hedge funds have recently made changes to their positions in the stock. Chevy Chase Trust Holdings Inc. purchased a new stake in shares of Advanced Micro Devices during the first quarter valued at approximately $9,676,000. Charter Trust Co. purchased a new stake in shares of Advanced Micro Devices during the first quarter valued at approximately $153,000. Exxonmobil Investment Management Inc. TX purchased a new stake in shares of Advanced Micro Devices during the first quarter valued at approximately $2,493,000. Gulf International Bank UK Ltd purchased a new stake in shares of Advanced Micro Devices during the first quarter valued at approximately $3,633,000. Finally, Koshinski Asset Management Inc. purchased a new stake in shares of Advanced Micro Devices during the first quarter valued at approximately $206,000. 57.34% of the stock is currently owned by institutional investors.

A number of brokerages have weighed in on AMD. 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 research report on Wednesday, July 26th. Vetr upgraded shares of Advanced Micro Devices from a “buy” rating to a “strong-buy” rating and set a $15.99 target price on the stock in a research report on Monday, June 26th. Zacks Investment Research lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Advanced Micro Devices in a research note on Friday, June 23rd. Finally, Northland Securities reaffirmed a “buy” rating and set a $17.50 price target on shares of Advanced Micro Devices in a research note on Friday, June 23rd. Five research 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 stock currently has a consensus rating of “Hold” and a consensus price target of $14.18.

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.

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

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