Advanced Micro Devices, Inc. (NASDAQ:AMD)’s share price reached a new 52-week high and low on Thursday . The stock traded as low as $16.79 and last traded at $16.69, with a volume of 3046627 shares changing hands. The stock had previously closed at $16.54.
Several equities analysts have recently weighed in on the company. BidaskClub raised Advanced Micro Devices from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Stifel Nicolaus boosted their target price on Advanced Micro Devices from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, June 1st. Cowen started coverage on Advanced Micro Devices in a research report on Thursday, May 17th. They set an “outperform” rating and a $18.00 target price on the stock. UBS Group upgraded Advanced Micro Devices to a “neutral” rating in a report on Wednesday, May 16th. Finally, Susquehanna Bancshares upgraded Advanced Micro Devices from a “negative” rating to a “neutral” rating and set a $13.87 price objective for the company in a report on Wednesday, May 16th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $15.07.
The stock has a market capitalization of $15.25 billion, a P/E ratio of 203.00, a price-to-earnings-growth ratio of 5.64 and a beta of 2.80. The company has a quick ratio of 1.20, a current ratio of 1.62 and a debt-to-equity ratio of 1.63.
In related news, CFO Devinder Kumar sold 113,519 shares of the company’s stock in a transaction dated Thursday, May 24th. The stock was sold at an average price of $13.14, for a total transaction of $1,491,639.66. Following the transaction, the chief financial officer now directly owns 521,852 shares of the company’s stock, valued at approximately $6,857,135.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Forrest Eugene Norrod sold 62,500 shares of the company’s stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $15.27, for a total value of $954,375.00. Following the transaction, the senior vice president now directly owns 668,772 shares in the company, valued at $10,212,148.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 735,812 shares of company stock valued at $10,557,514. Corporate insiders own 1.80% of the company’s stock.
Large investors have recently made changes to their positions in the stock. NINE MASTS CAPITAL Ltd acquired a new position in Advanced Micro Devices during the 4th quarter valued at about $102,000. Stone Ridge Asset Management LLC acquired a new position in Advanced Micro Devices during the 4th quarter valued at about $104,000. Brighton Jones LLC acquired a new position in Advanced Micro Devices during the 1st quarter valued at about $106,000. Cetera Advisors LLC acquired a new position in Advanced Micro Devices during the 1st quarter valued at about $111,000. Finally, Sandy Spring Bank increased its position in Advanced Micro Devices by 374.2% during the 1st quarter. Sandy Spring Bank now owns 11,025 shares of the semiconductor manufacturer’s stock valued at $111,000 after buying an additional 8,700 shares in the last quarter. 63.70% of the stock is currently owned by institutional investors.
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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