Advanced Micro Devices, Inc. (NASDAQ:AMD) Insider Mark D. Papermaster Sells 44,105 Shares
Advanced Micro Devices, Inc. (NASDAQ:AMD) insider Mark D. Papermaster sold 44,105 shares of Advanced Micro Devices stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $12.46, for a total value of $549,548.30. Following the sale, the insider now directly owns 1,013,763 shares of the company’s stock, valued at $12,631,486.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Advanced Micro Devices, Inc. (AMD) traded up 0.91% during trading on Friday, hitting $12.23. The stock had a trading volume of 63,538,373 shares. The stock’s 50-day moving average is $13.53 and its 200-day moving average is $12.83. The stock’s market cap is $11.58 billion. Advanced Micro Devices, Inc. has a 12-month low of $5.66 and a 12-month high of $15.65.
Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.04. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the company posted ($0.05) earnings per share. The business’s revenue 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 EPS for the current year.
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Institutional investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new position in Advanced Micro Devices during the first quarter worth about $100,000. Intellectus Partners LLC bought a new position in Advanced Micro Devices during the first quarter worth about $116,000. K.J. Harrison & Partners Inc bought a new position in Advanced Micro Devices during the second quarter worth about $125,000. ING Groep NV bought a new position in Advanced Micro Devices during the first quarter worth about $127,000. Finally, Regal Investment Advisors LLC bought a new position in Advanced Micro Devices during the second quarter worth about $137,000. 57.34% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on the company. Barclays PLC reaffirmed an “underweight” rating and set a $9.00 target price on shares of Advanced Micro Devices in a research report on Thursday. Pacific Crest reaffirmed an “equal weight” rating on shares of Advanced Micro Devices in a research report on Tuesday, June 20th. BidaskClub lowered Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $22.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 26th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Advanced Micro Devices in a research report on Friday, July 28th. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Advanced Micro Devices currently has an average rating of “Hold” and an average target price of $14.18.
Advanced Micro Devices Company Profile
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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