Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) EVP Paul Darren Grasby sold 14,942 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $106.21, for a total transaction of $1,586,989.82. Following the transaction, the executive vice president now owns 103,663 shares in the company, valued at approximately $11,010,047.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Paul Darren Grasby also recently made the following trade(s):
On Monday, June 5th, Paul Darren Grasby sold 15,000 shares of Advanced Micro Devices stock. The stock was sold at an average price of $118.77, for a total transaction of $1,781,550.00.
Advanced Micro Devices Price Performance
AMD traded up $3.73 during trading on Friday, hitting $109.45. 54,784,073 shares of the company traded hands, compared to its average volume of 64,621,453. The company has a market cap of $176.84 billion, a PE ratio of -5,283.36, a P/E/G ratio of 5.69 and a beta of 1.83. The stock’s 50-day simple moving average is $111.11 and its two-hundred day simple moving average is $102.23. Advanced Micro Devices, Inc. has a 1 year low of $54.57 and a 1 year high of $132.83. The company has a current ratio of 2.18, a quick ratio of 1.58 and a debt-to-equity ratio of 0.03.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its quarterly earnings data on Tuesday, August 1st. The semiconductor manufacturer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The business had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.32 billion. Advanced Micro Devices had a negative net margin of 0.11% and a positive return on equity of 5.69%. Advanced Micro Devices’s quarterly revenue was down 18.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 earnings per share. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.01 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in AMD. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in Advanced Micro Devices by 336.0% in the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 218 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 168 shares in the last quarter. Castleview Partners LLC boosted its stake in Advanced Micro Devices by 62.5% in the 2nd quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 90 shares in the last quarter. Eagle Bay Advisors LLC boosted its stake in Advanced Micro Devices by 50.6% in the 1st quarter. Eagle Bay Advisors LLC now owns 679 shares of the semiconductor manufacturer’s stock worth $29,000 after purchasing an additional 228 shares in the last quarter. Tucker Asset Management LLC acquired a new stake in Advanced Micro Devices in the 1st quarter worth approximately $31,000. Finally, Dividend Assets Capital LLC acquired a new stake in Advanced Micro Devices during the 2nd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 68.43% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. Northland Securities raised shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $81.00 to $150.00 in a research report on Wednesday, July 5th. Wells Fargo & Company upped their price objective on shares of Advanced Micro Devices from $120.00 to $150.00 in a research report on Wednesday, June 14th. BMO Capital Markets upped their price objective on shares of Advanced Micro Devices from $110.00 to $150.00 in a research report on Wednesday, June 14th. Raymond James upped their price objective on shares of Advanced Micro Devices from $110.00 to $145.00 in a research report on Wednesday, June 14th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.19.
About Advanced Micro Devices
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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.