Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) EVP Mark Papermaster sold 27,109 shares of the stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $275.00, for a total value of $7,454,975.00. Following the completion of the transaction, the executive vice president directly owned 1,267,357 shares of the company's stock, valued at approximately $348,523,175. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Advanced Micro Devices Price Performance
NASDAQ AMD traded up $0.13 during mid-day trading on Friday, hitting $278.39. The stock had a trading volume of 35,421,264 shares, compared to its average volume of 37,543,020. The firm's 50 day moving average is $211.21 and its 200 day moving average is $219.74. Advanced Micro Devices, Inc. has a twelve month low of $83.75 and a twelve month high of $281.05. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.85 and a quick ratio of 2.01. The stock has a market capitalization of $453.87 billion, a price-to-earnings ratio of 105.05, a PEG ratio of 0.95 and a beta of 1.96.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 EPS for the quarter, beating the consensus estimate of $1.32 by $0.21. Advanced Micro Devices had a return on equity of 8.84% and a net margin of 12.52%.The firm had revenue of $10.27 billion during the quarter, compared to the consensus estimate of $9.65 billion. During the same period in the prior year, the company earned $1.09 EPS. The firm's revenue was up 34.1% compared to the same quarter last year. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Advanced Micro Devices
Large investors have recently modified their holdings of the business. Joseph Group Capital Management purchased a new position in Advanced Micro Devices during the 4th quarter valued at about $25,000. ORG Wealth Partners LLC boosted its holdings in Advanced Micro Devices by 39.7% during the 3rd quarter. ORG Wealth Partners LLC now owns 162 shares of the semiconductor manufacturer's stock valued at $26,000 after acquiring an additional 46 shares during the period. Koesten Hirschmann & Crabtree INC. boosted its holdings in Advanced Micro Devices by 61.0% during the 3rd quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer's stock valued at $26,000 after acquiring an additional 61 shares during the period. Sarver Vrooman Wealth Advisors purchased a new position in Advanced Micro Devices during the 4th quarter valued at about $27,000. Finally, Cornerstone Financial Management LLC purchased a new position in Advanced Micro Devices during the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 71.34% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. Citigroup lowered their price objective on Advanced Micro Devices from $260.00 to $248.00 and set a "neutral" rating on the stock in a research note on Monday, April 6th. Jefferies Financial Group reissued a "buy" rating on shares of Advanced Micro Devices in a research note on Tuesday, February 24th. KeyCorp reissued an "overweight" rating and set a $330.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, February 24th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a research note on Monday, February 2nd. Finally, Roth Mkm reaffirmed a "buy" rating on shares of Advanced Micro Devices in a research note on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $291.03.
Check Out Our Latest Analysis on AMD
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About Advanced Micro Devices
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Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company's product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.
Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.
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