Mark D. Papermaster Sells 16,200 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The sale was disclosed in a document filed with the SEC, which is available through this link.

Advanced Micro Devices Stock Up 0.7 %

NASDAQ:AMD opened at $155.08 on Friday. Advanced Micro Devices, Inc. has a twelve month low of $81.02 and a twelve month high of $227.30. The company has a market cap of $250.63 billion, a price-to-earnings ratio of 298.24, a price-to-earnings-growth ratio of 2.49 and a beta of 1.64. The stock has a fifty day simple moving average of $180.16 and a 200-day simple moving average of $148.28. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. The firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share. Analysts anticipate that Advanced Micro Devices, Inc. will post 2.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AMD. Raymond James lowered shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and increased their price objective for the company from $190.00 to $195.00 in a report on Tuesday, January 30th. Wedbush reissued an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their target price for the company from $180.00 to $225.00 in a report on Tuesday. Morgan Stanley raised their target price on shares of Advanced Micro Devices from $128.00 to $193.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Finally, New Street Research raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 target price for the company in a report on Wednesday, January 24th. Four research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average target price of $185.59.

Institutional Trading of Advanced Micro Devices

Several institutional investors and hedge funds have recently made changes to their positions in the company. Addison Advisors LLC lifted its position in shares of Advanced Micro Devices by 41.9% during the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 62 shares during the last quarter. Prentice Wealth Management LLC lifted its position in shares of Advanced Micro Devices by 1.6% during the first quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock valued at $711,000 after buying an additional 62 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Advanced Micro Devices by 0.9% during the first quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock valued at $1,314,000 after buying an additional 63 shares during the last quarter. Schear Investment Advisers LLC lifted its position in shares of Advanced Micro Devices by 0.4% during the fourth quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock valued at $2,323,000 after buying an additional 64 shares during the last quarter. Finally, Fiduciary Group LLC lifted its position in shares of Advanced Micro Devices by 2.7% during the fourth quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock valued at $371,000 after buying an additional 65 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.