Insider Selling: Advanced Micro Devices (NASDAQ:AMD) CEO Sells 125,000 Shares of Stock

Advanced Micro Devices, Inc. (NASDAQ:AMDGet Free Report) CEO Lisa Su sold 125,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total value of $57,586,250.00. Following the completion of the transaction, the chief executive officer directly owned 2,896,899 shares in the company, valued at $1,334,572,400.31. This represents a 4.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Advanced Micro Devices Trading Up 4.7%

AMD traded up $23.12 on Friday, reaching $511.57. 31,518,909 shares of the company’s stock were exchanged, compared to its average volume of 38,239,695. The company’s 50 day moving average is $380.39 and its 200-day moving average is $272.51. The company has a market cap of $834.17 billion, a price-to-earnings ratio of 167.73, a PEG ratio of 1.33 and a beta of 2.50. Advanced Micro Devices, Inc. has a twelve month low of $115.06 and a twelve month high of $546.44. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The firm had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $9.90 billion. During the same period in the previous year, the company posted $0.96 earnings per share. Advanced Micro Devices’s revenue was up 37.8% compared to the same quarter last year. Equities analysts predict that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMD. HSBC cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and upped their price target for the stock from $335.00 to $340.00 in a research report on Monday, May 4th. TD Cowen boosted their price objective on Advanced Micro Devices from $500.00 to $600.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Oppenheimer downgraded Advanced Micro Devices from a “market perform” rating to a “market perform” rating in a research report on Wednesday, May 6th. Bank of America increased their target price on Advanced Micro Devices from $500.00 to $560.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Melius Research set a $540.00 target price on Advanced Micro Devices in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $424.59.

Check Out Our Latest Stock Report on Advanced Micro Devices

Advanced Micro Devices News Summary

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

Hedge Funds Weigh In On Advanced Micro Devices

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMD. Clal Insurance Enterprises Holdings Ltd grew its stake in Advanced Micro Devices by 12.8% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 212 shares of the semiconductor manufacturer’s stock valued at $43,000 after purchasing an additional 24 shares in the last quarter. CLG LLC increased its holdings in Advanced Micro Devices by 3.1% during the 1st quarter. CLG LLC now owns 1,008 shares of the semiconductor manufacturer’s stock worth $205,000 after purchasing an additional 30 shares during the last quarter. Columbia Bank raised its position in shares of Advanced Micro Devices by 0.7% in the 1st quarter. Columbia Bank now owns 5,188 shares of the semiconductor manufacturer’s stock valued at $1,055,000 after purchasing an additional 34 shares in the last quarter. Evolution Wealth Management Inc. raised its position in shares of Advanced Micro Devices by 11.0% in the 1st quarter. Evolution Wealth Management Inc. now owns 352 shares of the semiconductor manufacturer’s stock valued at $72,000 after purchasing an additional 35 shares in the last quarter. Finally, Focused Wealth Management Inc raised its position in shares of Advanced Micro Devices by 2.7% in the 1st quarter. Focused Wealth Management Inc now owns 1,431 shares of the semiconductor manufacturer’s stock valued at $291,000 after purchasing an additional 37 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

About Advanced Micro Devices

(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.

Further Reading

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

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