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Lisa Su Sells 125,000 Shares of Advanced Micro Devices (NASDAQ:AMD) Stock

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Key Points

  • AMD CEO Lisa Su sold 125,000 shares on May 13 at an average price of $445.51, totaling about $55.7 million. The sale was made under a pre-arranged Rule 10b5-1 plan, and Su still owns more than 3.02 million shares.
  • AMD beat Q1 expectations, reporting earnings of $1.37 per share on revenue of $10.25 billion. Revenue rose 37.8% year over year, helped by strong demand in data center chips.
  • Wall Street remains broadly bullish on AMD despite recent volatility, with several firms raising price targets and the consensus rating sitting at Moderate Buy. The stock, however, has also faced pressure from valuation concerns and a broader chip-sector sell-off.
  • MarketBeat previews top five stocks to own in June.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) CEO Lisa Su sold 125,000 shares of the company's stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $445.51, for a total transaction of $55,688,750.00. Following the completion of the transaction, the chief executive officer owned 3,021,899 shares of the company's stock, valued at approximately $1,346,286,223.49. The trade was a 3.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Advanced Micro Devices Stock Performance

NASDAQ:AMD traded down $25.60 during trading hours on Friday, reaching $424.10. 28,715,788 shares of the company's stock were exchanged, compared to its average volume of 39,495,098. The firm has a market capitalization of $691.54 billion, a price-to-earnings ratio of 139.05, a P/E/G ratio of 1.33 and a beta of 2.40. The company has a 50-day moving average of $269.05 and a 200 day moving average of $239.23. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a 1-year low of $107.67 and a 1-year high of $469.21.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.08. The firm had revenue of $10.25 billion during the quarter, compared to analysts' expectations of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. Advanced Micro Devices's quarterly revenue was up 37.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 EPS. Research analysts anticipate that Advanced Micro Devices, Inc. will post 6.17 EPS for the current year.

More Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMD. Bank of America increased their price target on shares of Advanced Micro Devices from $450.00 to $500.00 and gave the stock a "buy" rating in a research note on Wednesday. Erste Group Bank upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a research note on Thursday, April 2nd. Sanford C. Bernstein upgraded shares of Advanced Micro Devices from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $265.00 to $525.00 in a research note on Wednesday, May 6th. Stifel Nicolaus raised their target price on shares of Advanced Micro Devices from $320.00 to $450.00 and gave the stock a "buy" rating in a research note on Wednesday, May 6th. Finally, Oppenheimer cut shares of Advanced Micro Devices from a "market perform" rating to a "market perform" rating in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $396.95.

Check Out Our Latest Analysis on AMD

Hedge Funds Weigh In On Advanced Micro Devices

A number of large investors have recently made changes to their positions in AMD. Brighton Jones LLC increased its holdings in shares of Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after purchasing an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after purchasing an additional 234 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Advanced Micro Devices by 125.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer's stock valued at $758,000 after purchasing an additional 2,970 shares in the last quarter. United Bank increased its holdings in shares of Advanced Micro Devices by 22.0% in the 2nd quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer's stock valued at $1,881,000 after purchasing an additional 2,392 shares in the last quarter. Finally, Schnieders Capital Management LLC. increased its holdings in shares of Advanced Micro Devices by 361.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 9,230 shares of the semiconductor manufacturer's stock valued at $1,310,000 after purchasing an additional 7,228 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Advanced Micro Devices (NASDAQ:AMD)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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