Insider Selling: Advanced Micro Devices SVP Unloads 101,083 Shares of Stock (AMD)
Advanced Micro Devices (NYSE:AMD) SVP Harry A. Wolin unloaded 101,083 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $4.25, for a total transaction of $429,602.75. Following the transaction, the senior vice president now directly owns 278,060 shares of the company’s stock, valued at approximately $1,181,755. The sale was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Advanced Micro Devices from an “outperform” rating to a “neutral” rating in a research note on Wednesday, August 13th. They now have a $4.25 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Advanced Micro Devices in a research note on Friday, July 18th. They now have a $3.50 price target on the stock, down previously from $4.00. Nine analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. Advanced Micro Devices has a consensus rating of “Hold” and a consensus price target of $3.95.
Advanced Micro Devices (NYSE:AMD) traded up 0.24% on Tuesday, hitting $4.19. The stock had a trading volume of 9,183,890 shares. Advanced Micro Devices has a 1-year low of $3.04 and a 1-year high of $4.80. The stock has a 50-day moving average of $4.11 and a 200-day moving average of $4.00. The company has a market cap of $3.207 billion and a price-to-earnings ratio of 39.07. Advanced Micro Devices also was the recipient of a large decrease in short interest in the month of August. As of August 15th, there was short interest totalling 139,917,853 shares, a decrease of 8.7% from the July 31st total of 153,192,755 shares. Based on an average daily trading volume, of 28,957,312 shares, the short-interest ratio is currently 4.8 days. Currently, 22.7% of the company’s stock are short sold.
Advanced Micro Devices (NYSE:AMD) last posted its quarterly earnings results on Thursday, July 17th. The company reported $0.02 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.02. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the company posted ($0.09) earnings per share. Advanced Micro Devices’s revenue was up 24.1% compared to the same quarter last year. Analysts expect that Advanced Micro Devices will post $0.12 EPS for the current fiscal year.
Advanced Micro Devices, Inc (NYSE:AMD) is a global semiconductor company with facilities around the world.
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