Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) EVP Mark D. Papermaster sold 16,200 shares of the company's stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares of the company's stock, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Advanced Micro Devices Trading Down 5.8 %
NASDAQ AMD opened at $154.02 on Thursday. The stock has a market capitalization of $248.92 billion, a price-to-earnings ratio of 296.20, a PEG ratio of 2.44 and a beta of 1.64. The business's fifty day moving average is $180.44 and its 200-day moving average is $148.23. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. Advanced Micro Devices, Inc. has a one year low of $81.02 and a one year high of $227.30.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting analysts' consensus estimates of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm had revenue of $6.17 billion for the quarter, compared to analysts' expectations of $6.13 billion. During the same period in the previous year, the company earned $0.54 earnings per share. The company's quarterly revenue was up 10.2% on a year-over-year basis. Equities research analysts predict that Advanced Micro Devices, Inc. will post 2.63 EPS for the current year.
Analyst Upgrades and Downgrades
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AMD has been the subject of several analyst reports. Northland Securities raised shares of Advanced Micro Devices from a "market perform" rating to an "outperform" rating and set a $195.00 price target for the company in a research note on Wednesday, January 31st. Melius Research upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $188.00 price target for the company in a report on Monday, January 8th. Evercore ISI started coverage on Advanced Micro Devices in a research note on Tuesday. They issued an "outperform" rating and a $200.00 price objective on the stock. Truist Financial upped their target price on Advanced Micro Devices from $154.00 to $174.00 and gave the company a "hold" rating in a research report on Wednesday, January 31st. Finally, Bank of America lifted their target price on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a "buy" rating in a report on Monday, January 29th. Four analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus target price of $185.15.
View Our Latest Stock Analysis on AMD
Hedge Funds Weigh In On Advanced Micro Devices
Several hedge funds have recently made changes to their positions in the stock. Peoples Bank KS bought a new stake in shares of Advanced Micro Devices during the third quarter valued at about $26,000. Castleview Partners LLC increased its holdings in Advanced Micro Devices by 62.5% during the 2nd quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer's stock worth $27,000 after acquiring an additional 90 shares during the period. Spartan Planning & Wealth Management purchased a new stake in Advanced Micro Devices in the 3rd quarter worth approximately $27,000. O Dell Group LLC bought a new position in Advanced Micro Devices in the 4th quarter valued at $27,000. Finally, Northwest Bank & Trust Co purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at $28,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.
About Advanced Micro Devices
(
Get Free Report)
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.
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