Advanced Micro Devices, Inc. (AMD) CEO Lisa T. Su Sells 50,000 Shares

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.



Large investors have recently made changes to their positions in the business. Morgens Waterfall Vintiadis & Co. Inc. purchased a new position in shares of Advanced Micro Devices during the third quarter valued at approximately $3,089,000. Norinchukin Bank The boosted its position in shares of Advanced Micro Devices by 18.2% during the third quarter. Norinchukin Bank The now owns 110,344 shares of the semiconductor manufacturer’s stock valued at $3,409,000 after buying an additional 16,991 shares during the period. People s United Financial Inc. purchased a new position in shares of Advanced Micro Devices during the third quarter valued at approximately $871,000. QUANTRES ASSET MANAGEMENT Ltd boosted its position in shares of Advanced Micro Devices by 30.5% during the fourth quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 68,400 shares of the semiconductor manufacturer’s stock valued at $1,263,000 after buying an additional 16,000 shares during the period. Finally, Vertex One Asset Management Inc. purchased a new position in shares of Advanced Micro Devices during the third quarter valued at approximately $19,127,000. Institutional investors and hedge funds own 59.06% of the company’s stock.

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.

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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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