Advanced Micro Devices, Inc. (NASDAQ:AMD) CFO Devinder Kumar sold 130,217 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $13.18, for a total transaction of $1,716,260.06. Following the sale, the chief financial officer now directly owns 850,107 shares of the company’s stock, valued at approximately $11,204,410.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Devinder Kumar also recently made the following trade(s):

  • On Wednesday, May 24th, Devinder Kumar sold 100,634 shares of Advanced Micro Devices stock. The stock was sold at an average price of $10.85, for a total transaction of $1,091,878.90.

Advanced Micro Devices, Inc. (AMD) traded up 2.36% during midday trading on Monday, reaching $13.43. 57,445,803 shares of the company traded hands. Advanced Micro Devices, Inc. has a 12-month low of $5.66 and a 12-month high of $15.65. The stock’s market capitalization is $12.69 billion. The company has a 50 day moving average of $13.36 and a 200-day moving average of $12.73.

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

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Several research firms have recently weighed in on AMD. Goldman Sachs Group, Inc. (The) set a $11.00 price objective on shares of Advanced Micro Devices and gave the stock a “sell” rating in a report on Wednesday, July 26th. Vetr raised shares of Advanced Micro Devices from a “buy” rating to a “strong-buy” rating and set a $15.99 price objective for the company in a report on Monday, June 26th. Zacks Investment Research lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Advanced Micro Devices in a report on Friday, June 23rd. Finally, Northland Securities reaffirmed a “buy” rating and set a $17.50 price objective on shares of Advanced Micro Devices in a report on Friday, June 23rd. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $14.18.

A number of hedge funds and other institutional investors have recently modified their holdings of AMD. Aviva PLC raised its position in shares of Advanced Micro Devices by 7.0% in the second quarter. Aviva PLC now owns 516,180 shares of the semiconductor manufacturer’s stock valued at $6,442,000 after buying an additional 33,880 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Advanced Micro Devices by 2.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,274,987 shares of the semiconductor manufacturer’s stock valued at $28,392,000 after buying an additional 48,558 shares in the last quarter. GAM Holding AG raised its position in shares of Advanced Micro Devices by 1,798.4% in the second quarter. GAM Holding AG now owns 527,803 shares of the semiconductor manufacturer’s stock valued at $6,587,000 after buying an additional 500,000 shares in the last quarter. Tocqueville Asset Management L.P. raised its position in shares of Advanced Micro Devices by 81.7% in the second quarter. Tocqueville Asset Management L.P. now owns 54,500 shares of the semiconductor manufacturer’s stock valued at $680,000 after buying an additional 24,500 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Advanced Micro Devices by 137.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 1,214,023 shares of the semiconductor manufacturer’s stock valued at $15,151,000 after buying an additional 701,904 shares in the last quarter. 57.34% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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