Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Lisa T. Su sold 366,405 shares of Advanced Micro Devices stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $13.18, for a total value of $4,829,217.90. Following the completion of the transaction, the chief executive officer now owns 2,229,550 shares of the company’s stock, valued at $29,385,469. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Advanced Micro Devices, Inc. (NASDAQ AMD) traded up 2.36% on Monday, hitting $13.43. The company’s stock had a trading volume of 57,445,803 shares. The company’s market capitalization is $12.69 billion. Advanced Micro Devices, Inc. has a 1-year low of $5.66 and a 1-year high of $15.65. The company has a 50 day moving average price of $13.36 and a 200-day moving average price of $12.73.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.04. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the firm earned ($0.05) earnings per share. Advanced Micro Devices’s revenue was up 19.0% compared to the same quarter last year. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post $0.10 earnings per share for the current fiscal year.

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Institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new position in shares of Advanced Micro Devices during the first quarter valued at $100,000. Intellectus Partners LLC acquired a new position in shares of Advanced Micro Devices during the first quarter valued at $116,000. K.J. Harrison & Partners Inc acquired a new position in shares of Advanced Micro Devices during the second quarter valued at $125,000. ING Groep NV acquired a new position in shares of Advanced Micro Devices during the first quarter valued at $127,000. Finally, Global X Management Co. LLC acquired a new position in shares of Advanced Micro Devices during the second quarter valued at $143,000. Institutional investors and hedge funds own 57.34% of the company’s stock.

A number of research firms recently commented on AMD. BMO Capital Markets downgraded Advanced Micro Devices from an “outperform” rating to a “market perform” rating and set a $15.00 price target for the company. in a research note on Wednesday, July 26th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Advanced Micro Devices in a research note on Friday, June 23rd. Northland Securities reiterated a “buy” rating and issued a $17.50 price target on shares of Advanced Micro Devices in a research note on Friday, June 23rd. Stifel Nicolaus reiterated a “hold” rating and issued a $11.00 price target (up from $8.00) on shares of Advanced Micro Devices in a research note on Tuesday, May 2nd. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $14.00 price target (up from $12.00) on shares of Advanced Micro Devices in a research note on Tuesday, May 2nd. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $14.18.

About Advanced Micro Devices

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.

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

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