Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Sells $1,670,725.00 in Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Mark D. Papermaster sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the transaction, the executive vice president now owns 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. The trade was a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $87.50 on Friday. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The firm has a market cap of $141.42 billion, a P/E ratio of 88.38, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. The firm’s 50-day simple moving average is $100.93 and its 200-day simple moving average is $123.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Institutional Investors Weigh In On Advanced Micro Devices

Several institutional investors and hedge funds have recently made changes to their positions in AMD. Bear Mountain Capital Inc. bought a new stake in Advanced Micro Devices during the fourth quarter worth about $25,000. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices during the 4th quarter valued at $26,000. Greenline Partners LLC acquired a new position in Advanced Micro Devices in the fourth quarter worth $28,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $29,000. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AMD. Mizuho lowered their price objective on shares of Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. UBS Group dropped their price target on Advanced Micro Devices from $175.00 to $155.00 and set a “buy” rating on the stock in a research report on Thursday. Melius lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $160.00 to $129.00 in a research report on Tuesday, January 28th. Susquehanna reduced their price target on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a research report on Wednesday, February 5th. Finally, Summit Insights raised shares of Advanced Micro Devices to a “hold” rating in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average target price of $144.90.

Advanced Micro Devices Company Profile

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.