Lisa T. Su Sells 429,497 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Lisa T. Su sold 429,497 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $33.53, for a total transaction of $14,401,034.41. Following the transaction, the chief executive officer now owns 3,231,764 shares in the company, valued at $108,361,046.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of AMD stock traded down $0.32 during trading hours on Tuesday, reaching $32.11. The stock had a trading volume of 98,213,619 shares, compared to its average volume of 75,107,453. The company has a quick ratio of 1.52, a current ratio of 2.08 and a debt-to-equity ratio of 0.54. Advanced Micro Devices, Inc. has a twelve month low of $16.03 and a twelve month high of $35.55. The company’s 50-day simple moving average is $32.04. The company has a market cap of $37.11 billion, a price-to-earnings ratio of 91.74, a PEG ratio of 2.91 and a beta of 3.06.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Advanced Micro Devices had a net margin of 3.25% and a return on equity of 16.04%. Advanced Micro Devices’s quarterly revenue was down 12.8% on a year-over-year basis. During the same quarter last year, the company earned $0.14 EPS. Analysts predict that Advanced Micro Devices, Inc. will post 0.5 EPS for the current year.



Institutional investors have recently added to or reduced their stakes in the business. Joseph P. Lucia & Associates LLC bought a new position in shares of Advanced Micro Devices during the 1st quarter valued at about $25,000. Westside Investment Management Inc. bought a new position in shares of Advanced Micro Devices during the 2nd quarter valued at about $5,484,000. Advisory Alpha LLC bought a new position in shares of Advanced Micro Devices during the 1st quarter valued at about $26,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Advanced Micro Devices during the 1st quarter valued at about $26,000. Finally, First PREMIER Bank bought a new position in shares of Advanced Micro Devices during the 2nd quarter valued at about $30,000. 60.38% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have weighed in on AMD shares. Craig Hallum cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $33.00 target price on the stock. in a report on Wednesday, July 31st. JPMorgan Chase & Co. increased their target price on shares of Advanced Micro Devices from $25.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Citigroup set a $8.00 target price on shares of Advanced Micro Devices and gave the stock a “sell” rating in a report on Wednesday, July 31st. Loop Capital started coverage on shares of Advanced Micro Devices in a report on Monday. They set a “hold” rating and a $32.00 target price on the stock. Finally, Morgan Stanley increased their target price on shares of Advanced Micro Devices from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $31.54.

Advanced Micro Devices Company Profile

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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