Investors Purchase Large Volume of Put Options on Advanced Micro Devices (AMD)
Shares of Advanced Micro Devices (NYSE:AMD) were the recipient of some unusual options trading on Thursday. Investors acquired 11,559 put options on the company, Stock Ratings Network.com reports. This represents an increase of 108% compared to the average volume of 5,570 put options.
In other Advanced Micro Devices news, SVP John Byrne sold 75,000 shares of Advanced Micro Devices stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $4.19, for a total transaction of $314,250.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on AMD shares. 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 given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $3.95.
Advanced Micro Devices (NYSE:AMD) traded down 0.95% on Thursday, hitting $4.15. The stock had a trading volume of 12,796,439 shares. Advanced Micro Devices has a one year low of $3.04 and a one year high of $4.80. The stock’s 50-day moving average is $4.07 and its 200-day moving average is $4.03. The company has a market cap of $3.177 billion and a price-to-earnings ratio of 39.16.
Advanced Micro Devices (NYSE:AMD) last released its earnings data 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.