Mark Papermaster Sells 6,000 Shares of Advanced Micro Devices (NASDAQ:AMD) Stock

Advanced Micro Devices, Inc. (NASDAQ:AMDGet Free Report) EVP Mark Papermaster sold 6,000 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $255.54, for a total value of $1,533,240.00. Following the completion of the sale, the executive vice president directly owned 1,294,466 shares of the company’s stock, valued at $330,787,841.64. The trade was a 0.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Advanced Micro Devices Stock Up 0.0%

Shares of Advanced Micro Devices stock traded up $0.13 during trading on Friday, reaching $278.39. The company’s stock had a trading volume of 35,421,264 shares, compared to its average volume of 37,543,020. The company has a quick ratio of 2.01, a current ratio of 2.85 and a debt-to-equity ratio of 0.04. The company has a market cap of $453.87 billion, a price-to-earnings ratio of 105.05, a P/E/G ratio of 0.95 and a beta of 1.96. Advanced Micro Devices, Inc. has a 1-year low of $83.75 and a 1-year high of $281.05. The company has a 50-day simple moving average of $211.21 and a two-hundred day simple moving average of $219.74.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.21. The firm had revenue of $10.27 billion during the quarter, compared to analysts’ expectations of $9.65 billion. Advanced Micro Devices had a return on equity of 8.84% and a net margin of 12.52%.The business’s quarterly revenue was up 34.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.09 EPS. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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 have recently modified their holdings of the stock. Community Bank & Trust Waco Texas raised its stake in shares of Advanced Micro Devices by 2.9% during the 1st quarter. Community Bank & Trust Waco Texas now owns 11,650 shares of the semiconductor manufacturer’s stock valued at $2,370,000 after buying an additional 331 shares during the last quarter. Anchyra Partners LLC raised its stake in shares of Advanced Micro Devices by 4.1% during the 1st quarter. Anchyra Partners LLC now owns 3,838 shares of the semiconductor manufacturer’s stock valued at $781,000 after buying an additional 150 shares during the last quarter. Marathon Mission Inc. raised its stake in shares of Advanced Micro Devices by 5.6% during the 1st quarter. Marathon Mission Inc. now owns 1,049 shares of the semiconductor manufacturer’s stock valued at $213,000 after buying an additional 56 shares during the last quarter. Summit Wealth Partners LLC raised its stake in shares of Advanced Micro Devices by 55.9% during the 1st quarter. Summit Wealth Partners LLC now owns 1,788 shares of the semiconductor manufacturer’s stock valued at $364,000 after buying an additional 641 shares during the last quarter. Finally, Paragon Capital Management Inc. raised its stake in shares of Advanced Micro Devices by 98.9% during the 1st quarter. Paragon Capital Management Inc. now owns 4,838 shares of the semiconductor manufacturer’s stock valued at $984,000 after buying an additional 2,406 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

AMD has been the subject of a number of research analyst reports. China Renaissance initiated coverage on Advanced Micro Devices in a research note on Tuesday, January 13th. They issued a “buy” rating and a $291.00 target price for the company. KeyCorp restated an “overweight” rating and issued a $330.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, February 24th. DA Davidson upgraded Advanced Micro Devices to a “hold” rating in a research note on Friday, February 13th. UBS Group set a $310.00 target price on Advanced Micro Devices in a research note on Wednesday, February 4th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $300.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $291.03.

Check Out Our Latest Stock Report on AMD

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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