Advanced Micro Devices, Inc. (NASDAQ:AMD) saw unusually large options trading activity on Tuesday. Stock traders acquired 196,427 call options on the company. This is an increase of 112% compared to the average daily volume of 92,827 call options.

In related news, SVP James Robert Anderson sold 160,122 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $12.48, for a total value of $1,998,322.56. Following the completion of the sale, the senior vice president now directly owns 622,485 shares of the company’s stock, valued at $7,768,612.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Harry A. Wolin sold 46,875 shares of the company’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $12.75, for a total transaction of $597,656.25. Following the completion of the sale, the senior vice president now directly owns 834,549 shares of the company’s stock, valued at $10,640,499.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 638,478 shares of company stock valued at $7,418,077. 1.60% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. purchased a new position in Advanced Micro Devices during the first quarter valued at approximately $206,000. Gulf International Bank UK Ltd purchased a new position in Advanced Micro Devices during the first quarter valued at approximately $3,633,000. Exxonmobil Investment Management Inc. TX purchased a new position in Advanced Micro Devices during the first quarter valued at approximately $2,493,000. Charter Trust Co. purchased a new position in Advanced Micro Devices during the first quarter valued at approximately $153,000. Finally, Chevy Chase Trust Holdings Inc. purchased a new position in Advanced Micro Devices during the first quarter valued at approximately $9,676,000. 56.81% of the stock is currently owned by institutional investors.

AMD has been the subject of a number of research reports. Canaccord Genuity reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Advanced Micro Devices in a research note on Friday, May 19th. Zacks Investment Research raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Monday, May 1st. Jefferies Group LLC upped their price objective on shares of Advanced Micro Devices to $16.00 and gave the stock a “buy” rating in a research note on Monday, March 20th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Advanced Micro Devices in a research note on Friday, May 19th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, May 17th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $13.07.

Shares of Advanced Micro Devices (NASDAQ AMD) opened at 13.02 on Friday. The company has a 50-day moving average price of $11.98 and a 200-day moving average price of $12.33. The stock’s market cap is $12.30 billion. Advanced Micro Devices has a 12 month low of $4.82 and a 12 month high of $15.55.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Monday, May 1st. The semiconductor manufacturer reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04). The company had revenue of $984 million for the quarter, compared to analyst estimates of $984.40 million. Advanced Micro Devices had a negative return on equity of 76.29% and a negative net margin of 10.42%. The firm’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.12) earnings per share. On average, analysts expect that Advanced Micro Devices will post $0.07 EPS for the current fiscal year.

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Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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