Insider Selling: Advanced Micro Devices (NASDAQ:AMD) CEO Sells 125,000 Shares of Stock

by · The Markets Daily

Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) CEO Lisa Su sold 125,000 shares of Advanced Micro Devices stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $215.14, for a total transaction of $26,892,500.00. Following the completion of the sale, the chief executive officer owned 3,277,476 shares of the company’s stock, valued at approximately $705,116,186.64. This trade represents a 3.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Advanced Micro Devices Stock Down 4.8%

NASDAQ AMD traded down $10.65 on Friday, hitting $210.78. 36,600,457 shares of the stock traded hands, compared to its average volume of 49,351,637. The company has a current ratio of 2.31, a quick ratio of 1.68 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average of $230.19 and a 200 day moving average of $178.42. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $267.08. The company has a market capitalization of $343.16 billion, a P/E ratio of 104.35, a price-to-earnings-growth ratio of 1.64 and a beta of 1.93.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last issued its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. Advanced Micro Devices had a return on equity of 8.04% and a net margin of 10.32%.The company had revenue of $9.25 billion during the quarter, compared to the consensus estimate of $8.76 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. Advanced Micro Devices’s quarterly revenue was up 35.6% compared to the same quarter last year. As a group, analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Institutional Trading of Advanced Micro Devices

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allworth Financial LP raised its holdings in shares of Advanced Micro Devices by 26.9% during the 3rd quarter. Allworth Financial LP now owns 87,543 shares of the semiconductor manufacturer’s stock worth $14,164,000 after buying an additional 18,556 shares in the last quarter. Swiss Life Asset Management Ltd grew its position in Advanced Micro Devices by 9.4% in the third quarter. Swiss Life Asset Management Ltd now owns 390,774 shares of the semiconductor manufacturer’s stock valued at $63,223,000 after acquiring an additional 33,705 shares during the last quarter. Cambria Investment Management L.P. raised its stake in Advanced Micro Devices by 0.8% during the third quarter. Cambria Investment Management L.P. now owns 5,894 shares of the semiconductor manufacturer’s stock worth $954,000 after acquiring an additional 48 shares in the last quarter. Strategic Advocates LLC lifted its holdings in shares of Advanced Micro Devices by 3.1% in the third quarter. Strategic Advocates LLC now owns 5,317 shares of the semiconductor manufacturer’s stock worth $860,000 after acquiring an additional 162 shares during the last quarter. Finally, Lantern Wealth Advisors LLC bought a new position in shares of Advanced Micro Devices in the third quarter worth about $273,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on AMD. Wells Fargo & Company lifted their target price on shares of Advanced Micro Devices from $300.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, November 12th. Jefferies Financial Group set a $300.00 price target on Advanced Micro Devices and gave the stock a “positive” rating in a research note on Monday, October 6th. Wolfe Research set a $300.00 price objective on Advanced Micro Devices and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Cantor Fitzgerald restated an “overweight” rating and issued a $350.00 target price on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $300.00 price target on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $278.54.

Check Out Our Latest Stock Analysis on Advanced Micro Devices

Advanced Micro Devices Company Profile

(Get Free Report)

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.

Read More