Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Sells $2,660,850.00 in Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $146.64 on Friday. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of $179.64 and a 200-day simple moving average of $148.58. The stock has a market cap of $236.99 billion, a P/E ratio of 282.00, a price-to-earnings-growth ratio of 2.35 and a beta of 1.64. Advanced Micro Devices, Inc. has a 12-month low of $81.02 and a 12-month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. During the same period in the previous year, the business earned $0.54 EPS. Advanced Micro Devices’s revenue for the quarter was up 10.2% on a year-over-year basis. Equities analysts expect that Advanced Micro Devices, Inc. will post 2.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Advanced Micro Devices

Several hedge funds have recently added to or reduced their stakes in AMD. Fairfield Bush & CO. acquired a new position in shares of Advanced Micro Devices in the 1st quarter valued at $836,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Advanced Micro Devices by 49.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,384,719 shares of the semiconductor manufacturer’s stock valued at $260,746,000 after acquiring an additional 791,710 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in shares of Advanced Micro Devices by 34.9% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 2,677 shares of the semiconductor manufacturer’s stock worth $293,000 after purchasing an additional 692 shares during the last quarter. Raymond James Trust N.A. grew its position in Advanced Micro Devices by 104.8% during the 1st quarter. Raymond James Trust N.A. now owns 7,959 shares of the semiconductor manufacturer’s stock worth $870,000 after purchasing an additional 4,072 shares during the last quarter. Finally, Baird Financial Group Inc. increased its stake in Advanced Micro Devices by 217.2% in the first quarter. Baird Financial Group Inc. now owns 398,051 shares of the semiconductor manufacturer’s stock valued at $43,524,000 after purchasing an additional 272,557 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on AMD. Morgan Stanley upped their price objective on Advanced Micro Devices from $128.00 to $193.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Northland Securities upgraded Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price target for the company in a report on Wednesday, January 31st. Bank of America boosted their price objective on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a report on Monday, January 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $190.00 price target on shares of Advanced Micro Devices in a research report on Monday, March 4th. Finally, Wedbush reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday. Four analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.59.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.