Advanced Micro Devices, Inc. (AMD) Insider Darla M. Smith Sells 8,172 Shares
Advanced Micro Devices, Inc. (NASDAQ:AMD) insider Darla M. Smith sold 8,172 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $12.85, for a total value of $105,010.20. Following the sale, the insider now owns 34,934 shares of the company’s stock, valued at $448,901.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Advanced Micro Devices, Inc. (NASDAQ:AMD) traded down 2.30% on Thursday, hitting $12.34. 47,370,978 shares of the stock were exchanged. The company’s market capitalization is $11.68 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 $13.38 and a 200 day moving average price of $12.91.
Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business posted ($0.05) EPS. The business’s revenue was up 19.0% compared to the same quarter last year. Analysts anticipate that Advanced Micro Devices, Inc. will post $0.10 EPS for the current fiscal year.
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Hedge funds have recently modified their holdings of the company. Trexquant Investment LP purchased a new stake in shares of Advanced Micro Devices during the first quarter worth $706,000. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Advanced Micro Devices during the first quarter worth $148,000. Janney Montgomery Scott LLC increased its stake in shares of Advanced Micro Devices by 91.0% in the first quarter. Janney Montgomery Scott LLC now owns 143,912 shares of the semiconductor manufacturer’s stock worth $2,094,000 after buying an additional 68,565 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of Advanced Micro Devices by 392.1% in the first quarter. UBS Asset Management Americas Inc. now owns 1,995,898 shares of the semiconductor manufacturer’s stock worth $29,040,000 after buying an additional 1,590,293 shares during the period. Finally, Xact Kapitalforvaltning AB increased its stake in shares of Advanced Micro Devices by 8.3% in the second quarter. Xact Kapitalforvaltning AB now owns 117,437 shares of the semiconductor manufacturer’s stock worth $1,466,000 after buying an additional 9,046 shares during the period. 56.37% of the stock is owned by institutional investors.
Several analysts recently issued reports on the company. Goldman Sachs Group, Inc. (The) set a $11.00 price objective on Advanced Micro Devices and gave the stock a “sell” rating in a report on Wednesday, July 26th. Vetr upgraded 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 Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Advanced Micro Devices in a report on Friday, June 23rd. Finally, Northland Securities reiterated a “buy” rating and set a $17.50 price objective on shares of Advanced Micro Devices in a report on Friday, June 23rd. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Advanced Micro Devices currently has an average rating of “Hold” and a consensus target price 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.
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