Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Lisa T. Su sold 50,000 shares of the firm’s stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $22.71, for a total value of $1,135,500.00. Following the transaction, the chief executive officer now owns 2,361,264 shares of the company’s stock, valued at approximately $53,624,305.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
AMD opened at $22.96 on Tuesday. Advanced Micro Devices, Inc. has a 12 month low of $9.04 and a 12 month high of $34.14. The stock has a market capitalization of $23.04 billion, a P/E ratio of 65.60, a P/E/G ratio of 2.07 and a beta of 3.41. The company has a quick ratio of 1.36, a current ratio of 1.78 and a debt-to-equity ratio of 0.88.
Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, January 29th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. Advanced Micro Devices had a return on equity of 37.84% and a net margin of 5.20%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the business earned $0.08 earnings per share. Analysts anticipate that Advanced Micro Devices, Inc. will post 0.52 earnings per share for the current year.
A number of brokerages have recently weighed in on AMD. JPMorgan Chase & Co. raised their price objective on Advanced Micro Devices from $18.00 to $20.00 and gave the company an “in-line” rating in a research report on Wednesday, January 30th. Cowen raised their price objective on Advanced Micro Devices from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, January 30th. Daiwa Capital Markets began coverage on Advanced Micro Devices in a research report on Friday, December 21st. They set an “outperform” rating and a $26.00 price objective for the company. BidaskClub lowered Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, Royal Bank of Canada cut their price objective on Advanced Micro Devices to $34.00 and set an “outperform” rating for the company in a research report on Thursday, October 25th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $24.94.
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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