Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Mark D. Papermaster Sells 16,200 Shares of Stock

Advanced Micro Devices, Inc. (NASDAQ:AMDGet Free Report) EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Advanced Micro Devices Stock Down 5.8 %

AMD stock opened at $154.02 on Thursday. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The firm has a market cap of $248.92 billion, a PE ratio of 296.20, a PEG ratio of 2.44 and a beta of 1.64. Advanced Micro Devices, Inc. has a 1 year low of $81.02 and a 1 year high of $227.30. The company has a fifty day simple moving average of $180.44 and a 200 day simple moving average of $148.23.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Fairfield Bush & CO. bought a new stake in Advanced Micro Devices in the 1st quarter valued at $836,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Advanced Micro Devices by 49.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,384,719 shares of the semiconductor manufacturer’s stock valued at $260,746,000 after buying an additional 791,710 shares during the period. U.S. Capital Wealth Advisors LLC grew its position in Advanced Micro Devices by 34.9% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 2,677 shares of the semiconductor manufacturer’s stock worth $293,000 after buying an additional 692 shares in the last quarter. Raymond James Trust N.A. increased its stake in Advanced Micro Devices by 104.8% during the first quarter. Raymond James Trust N.A. now owns 7,959 shares of the semiconductor manufacturer’s stock valued at $870,000 after acquiring an additional 4,072 shares during the period. Finally, Baird Financial Group Inc. raised its holdings in Advanced Micro Devices by 217.2% in the 1st quarter. Baird Financial Group Inc. now owns 398,051 shares of the semiconductor manufacturer’s stock valued at $43,524,000 after acquiring an additional 272,557 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Roth Mkm boosted their price target on shares of Advanced Micro Devices from $125.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Truist Financial upped their target price on Advanced Micro Devices from $154.00 to $174.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. The Goldman Sachs Group lifted their price target on Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Wedbush restated an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday. Finally, Evercore ISI began coverage on Advanced Micro Devices in a report on Tuesday. They set an “outperform” rating and a $200.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $185.15.

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About Advanced Micro Devices

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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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