Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Lisa T. Su sold 175,553 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $21.73, for a total value of $3,814,766.69. Following the transaction, the chief executive officer now owns 2,482,683 shares of the company’s stock, valued at approximately $53,948,701.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NASDAQ:AMD traded down $0.17 during trading on Friday, reaching $21.03. The company’s stock had a trading volume of 85,768,661 shares, compared to its average volume of 115,954,776. The company has a current ratio of 1.76, a quick ratio of 1.37 and a debt-to-equity ratio of 1.04. Advanced Micro Devices, Inc. has a 12 month low of $9.04 and a 12 month high of $34.14. The company has a market cap of $21.83 billion, a price-to-earnings ratio of 262.88, a PEG ratio of 4.49 and a beta of 3.64.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Wednesday, October 24th. The semiconductor manufacturer reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.71 billion. Advanced Micro Devices had a net margin of 5.51% and a return on equity of 47.21%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 earnings per share. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 0.35 EPS for the current year.

A number of brokerages have recently weighed in on AMD. Wells Fargo & Co raised their price objective on Advanced Micro Devices from $20.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, September 10th. FBN Securities began coverage on Advanced Micro Devices in a research report on Thursday, September 13th. They set an “outperform” rating for the company. BMO Capital Markets restated a “hold” rating and set a $14.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, July 26th. Robert W. Baird cut their price objective on Advanced Micro Devices from $28.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, October 25th. Finally, Bank of America raised their price objective on Advanced Micro Devices to $25.00 and gave the company an “average” rating in a research report on Monday, August 6th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Advanced Micro Devices presently has an average rating of “Hold” and a consensus target price of $23.65.

Hedge funds and other institutional investors have recently made changes to their positions in the business. MinichMacGregor Wealth Management LLC lifted its stake in Advanced Micro Devices by 257.7% in the third quarter. MinichMacGregor Wealth Management LLC now owns 3,219 shares of the semiconductor manufacturer’s stock worth $101,000 after purchasing an additional 2,319 shares during the last quarter. Valeo Financial Advisors LLC lifted its stake in Advanced Micro Devices by 953.4% in the second quarter. Valeo Financial Advisors LLC now owns 6,847 shares of the semiconductor manufacturer’s stock worth $135,000 after purchasing an additional 6,197 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in Advanced Micro Devices in the second quarter worth about $140,000. WealthTrust Axiom LLC bought a new stake in Advanced Micro Devices in the second quarter worth about $149,000. Finally, Wealthsource Partners LLC bought a new stake in Advanced Micro Devices in the second quarter worth about $151,000. 66.62% of the stock is owned by institutional investors and hedge funds.

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About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's 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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