Insider Selling: Advanced Micro Devices, Inc. (AMD) Insider Sells 100,000 Shares of Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) insider Mark D. Papermaster sold 100,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $11.57, for a total transaction of $1,157,000.00. Following the sale, the insider now directly owns 1,057,949 shares of the company’s stock, valued at $12,240,469.93. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Advanced Micro Devices, Inc. (AMD) traded down $0.38 during midday trading on Thursday, reaching $11.22. 56,272,100 shares of the company’s stock were exchanged, compared to its average volume of 61,010,000. Advanced Micro Devices, Inc. has a 12-month low of $9.70 and a 12-month high of $15.65. The company has a quick ratio of 1.27, a current ratio of 1.76 and a debt-to-equity ratio of 2.17. The company has a market cap of $10,830.00, a P/E ratio of 374.00, a price-to-earnings-growth ratio of 4.97 and a beta of 2.70.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.04. Advanced Micro Devices had a net margin of 0.81% and a return on equity of 16.76%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the firm posted ($0.01) EPS. The firm’s revenue was up 33.8% compared to the same quarter last year. research analysts predict that Advanced Micro Devices, Inc. will post 0.3 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Chilton Investment Co. LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter worth about $103,000. Bronfman E.L. Rothschild L.P. lifted its position in shares of Advanced Micro Devices by 1,655.2% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock worth $111,000 after buying an additional 8,243 shares during the last quarter. First Personal Financial Services bought a new position in shares of Advanced Micro Devices in the 3rd quarter worth about $127,000. 1492 Capital Management LLC bought a new position in shares of Advanced Micro Devices in the 3rd quarter worth about $128,000. Finally, Cetera Investment Advisers bought a new position in shares of Advanced Micro Devices in the 3rd quarter worth about $137,000. Institutional investors own 60.99% of the company’s stock.

A number of equities research analysts recently weighed in on AMD shares. BNP Paribas raised shares of Advanced Micro Devices from a “neutral” rating to an “outperform” rating in a report on Thursday, October 12th. BMO Capital Markets reaffirmed a “hold” rating and set a $15.00 price target on shares of Advanced Micro Devices in a report on Wednesday, October 18th. Jefferies Group reaffirmed a “buy” rating and set a $19.00 price target on shares of Advanced Micro Devices in a report on Wednesday, October 25th. Loop Capital reaffirmed a “hold” rating and set a $13.00 price target (down from $14.00) on shares of Advanced Micro Devices in a report on Wednesday, October 25th. Finally, Credit Suisse Group raised their price target on shares of Advanced Micro Devices from $10.50 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have given a buy rating to the stock. Advanced Micro Devices has an average rating of “Hold” and an average target price of $14.87.

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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.

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

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