Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Sells $11,509,600.00 in Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock traded down $1.80 during mid-day trading on Friday, reaching $148.02. 24,184,439 shares of the company’s stock traded hands, compared to its average volume of 56,072,863. The company has a market cap of $240.21 billion, a price-to-earnings ratio of 135.44, a PEG ratio of 1.94 and a beta of 1.71. The stock has a 50 day moving average of $154.36 and a two-hundred day moving average of $155.56. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12-month low of $113.06 and a 12-month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Advanced Micro Devices’s revenue was up 17.6% on a year-over-year basis. Equities analysts forecast that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on AMD. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research report on Monday, October 28th. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Benchmark reissued a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Wedbush reissued an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Finally, BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $192.79.

Institutional Investors Weigh In On Advanced Micro Devices

Several hedge funds and other institutional investors have recently made changes to their positions in AMD. Envestnet Portfolio Solutions Inc. raised its stake in shares of Advanced Micro Devices by 19.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 68,990 shares of the semiconductor manufacturer’s stock valued at $12,452,000 after acquiring an additional 11,368 shares during the period. Quantbot Technologies LP bought a new position in Advanced Micro Devices during the 1st quarter worth about $331,000. AIA Group Ltd bought a new stake in shares of Advanced Micro Devices in the 1st quarter valued at about $1,631,000. Wealthspire Advisors LLC boosted its stake in Advanced Micro Devices by 2.9% in the first quarter. Wealthspire Advisors LLC now owns 10,962 shares of the semiconductor manufacturer’s stock valued at $1,979,000 after acquiring an additional 305 shares in the last quarter. Finally, Hilltop National Bank acquired a new stake in Advanced Micro Devices in the first quarter valued at approximately $372,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

About Advanced Micro Devices

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.