Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP Harry A. Wolin sold 152,667 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $31.48, for a total value of $4,805,957.16. Following the completion of the transaction, the senior vice president now owns 1,501,474 shares in the company, valued at approximately $47,266,401.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
NASDAQ:AMD opened at $32.41 on Wednesday. Advanced Micro Devices, Inc. has a 52 week low of $14.54 and a 52 week high of $34.30. The company has a current ratio of 2.08, a quick ratio of 1.54 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $35.05 billion, a price-to-earnings ratio of 92.60, a price-to-earnings-growth ratio of 1.94 and a beta of 3.18.
Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. Advanced Micro Devices had a return on equity of 25.23% and a net margin of 4.46%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the business earned $0.11 earnings per share. The company’s revenue for the quarter was down 22.8% on a year-over-year basis. On average, research analysts predict that Advanced Micro Devices, Inc. will post 0.55 EPS for the current fiscal year.
AMD has been the topic of a number of analyst reports. Cowen reiterated an “outperform” rating and set a $36.00 price objective (up previously from $33.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Morgan Stanley upgraded Advanced Micro Devices from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $17.00 to $28.00 in a research report on Thursday, June 6th. JPMorgan Chase & Co. lifted their price objective on Advanced Micro Devices from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Barclays lifted their price objective on Advanced Micro Devices from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 1st. Finally, Credit Suisse Group lifted their price objective on Advanced Micro Devices from $13.50 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $29.13.
About Advanced Micro Devices
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its 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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