Stock Traders Buy High Volume of Put Options on Advanced Micro Devices (AMD)
Advanced Micro Devices, Inc. (NASDAQ:AMD) was the recipient of some unusual options trading activity on Monday. Investors acquired 40,016 put options on the company. This represents an increase of approximately 130% compared to the average daily volume of 17,387 put options.
Advanced Micro Devices (NASDAQ AMD) opened at 13.74 on Thursday. The firm has a 50-day moving average of $12.68 and a 200 day moving average of $12.78. The firm’s market capitalization is $13.01 billion. Advanced Micro Devices has a 52 week low of $6.14 and a 52 week high of $15.65.
Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period last year, the business posted ($0.05) earnings per share. Analysts predict that Advanced Micro Devices will post $0.10 earnings per share for the current year.
In related news, Director Mubadala Investment Co Pjsc sold 40,000,000 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $525,600,000.00, for a total value of $21,024,000,000,000,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Darla M. Smith sold 11,810 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $12.17, for a total transaction of $143,727.70. Following the completion of the transaction, the chief accounting officer now owns 31,291 shares of the company’s stock, valued at approximately $380,811.47. The disclosure for this sale can be found here. Insiders sold 42,074,793 shares of company stock valued at $21,024,000,026,654,800 in the last 90 days. Company insiders own 1.60% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Trexquant Investment LP bought a new stake in Advanced Micro Devices in the first quarter valued at $706,000. Baillie Gifford & Co. bought a new stake in Advanced Micro Devices in the second quarter valued at $184,767,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Advanced Micro Devices by 51.7% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 200,824 shares of the semiconductor manufacturer’s stock valued at $2,506,000 after buying an additional 68,462 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Advanced Micro Devices by 20.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,983 shares of the semiconductor manufacturer’s stock valued at $1,997,000 after buying an additional 27,233 shares during the last quarter. Finally, KBC Group NV lifted its stake in Advanced Micro Devices by 16.0% in the second quarter. KBC Group NV now owns 106,877 shares of the semiconductor manufacturer’s stock valued at $1,334,000 after buying an additional 14,715 shares during the last quarter. Institutional investors own 59.11% of the company’s stock.
A number of brokerages recently weighed in on AMD. Goldman Sachs Group, Inc. (The) restated a “sell” rating and issued a $10.60 price objective on shares of Advanced Micro Devices in a report on Monday, June 12th. Wells Fargo & Company restated an “outperform” rating and issued a $15.00 price objective on shares of Advanced Micro Devices in a report on Friday, June 30th. Canaccord Genuity restated a “buy” rating on shares of Advanced Micro Devices in a report on Saturday, June 3rd. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Advanced Micro Devices in a report on Tuesday, July 4th. Finally, BMO Capital Markets cut shares of Advanced Micro Devices from an “outperform” rating to a “market perform” rating and set a $15.00 price objective for the company. in a report on Wednesday, July 26th. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $14.10.
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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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