Insider Selling: Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Sells 17,998 Shares of Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the transaction, the executive vice president owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. The trade was a 1.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded up $0.33 during trading hours on Thursday, reaching $160.41. 50,400,461 shares of the stock were exchanged, compared to its average volume of 41,912,371. The firm has a market capitalization of $260.09 billion, a price-to-earnings ratio of 117.95, a P/E/G ratio of 2.14 and a beta of 2.05. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $174.05. The stock's fifty day simple moving average is $125.41 and its 200 day simple moving average is $112.79.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. The company had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The firm's quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.62 earnings per share. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its Board of Directors has authorized a share buyback program on Wednesday, May 14th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wedbush reissued an "outperform" rating and set a $120.00 price objective (up from $115.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. HSBC raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $200.00 price objective for the company in a report on Thursday, July 10th. Benchmark reiterated a "buy" rating and issued a $170.00 price objective on shares of Advanced Micro Devices in a report on Friday, June 13th. Sanford C. Bernstein reiterated a "reduce" rating on shares of Advanced Micro Devices in a report on Tuesday, July 1st. Finally, Hsbc Global Res upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have assigned a buy rating and five have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus price target of $152.58.

Hedge Funds Weigh In On Advanced Micro Devices

Large investors have recently made changes to their positions in the company. Greenline Partners LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $28,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in shares of Advanced Micro Devices by 277.8% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. American Capital Advisory LLC boosted its holdings in shares of Advanced Micro Devices by 90.3% in the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 130 shares in the last quarter. Kozak & Associates Inc. boosted its holdings in shares of Advanced Micro Devices by 67.6% in the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock valued at $29,000 after purchasing an additional 123 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $30,000. 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.

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