Key Points
- CEO Lisa Su sold 125,000 shares on Dec. 11 at an average price of $215.14 for proceeds of $26,892,500, reducing her holding by 3.67% to 3,277,476 shares (about $705.1M).
- AMD posted a quarterly beat on Nov. 4 with $1.20 EPS vs. $1.17 expected and $9.25B revenue (up 35.6% YoY), and analysts largely raised targets—consensus rating "Moderate Buy" with an average price target of $278.54.
Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) CEO Lisa Su sold 125,000 shares of the company's stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $215.14, for a total value of $26,892,500.00. Following the transaction, the chief executive officer directly owned 3,277,476 shares of the company's stock, valued at $705,116,186.64. The trade was a 3.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Advanced Micro Devices Price Performance
Shares of AMD stock opened at $210.78 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.68 and a current ratio of 2.31. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $267.08. The firm has a market cap of $343.16 billion, a P/E ratio of 104.35, a P/E/G ratio of 1.64 and a beta of 1.93. The business's 50 day moving average price is $231.11 and its 200-day moving average price is $179.11.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.17 by $0.03. The company had revenue of $9.25 billion during the quarter, compared to the consensus estimate of $8.76 billion. Advanced Micro Devices had a return on equity of 8.04% and a net margin of 10.32%.The firm's revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 earnings per share. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.
Wall Street Analyst Weigh In
AMD has been the topic of a number of research reports. TD Cowen lifted their target price on shares of Advanced Micro Devices from $270.00 to $290.00 and gave the company a "buy" rating in a research note on Wednesday, November 5th. Stifel Nicolaus lifted their price objective on Advanced Micro Devices from $240.00 to $280.00 and gave the company a "buy" rating in a research report on Wednesday, November 5th. HSBC upped their target price on Advanced Micro Devices from $185.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, October 15th. Weiss Ratings restated a "hold (c+)" rating on shares of Advanced Micro Devices in a research note on Monday. Finally, Benchmark upped their price target on Advanced Micro Devices from $270.00 to $325.00 and gave the stock a "buy" rating in a research note on Wednesday, November 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $278.54.
Get Our Latest Analysis on Advanced Micro Devices
Institutional Investors Weigh In On Advanced Micro Devices
Several hedge funds have recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC raised its position in shares of Advanced Micro Devices by 39.7% in the 3rd quarter. ORG Wealth Partners LLC now owns 162 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 46 shares during the last quarter. Koesten Hirschmann & Crabtree INC. increased its stake in Advanced Micro Devices by 61.0% during the 3rd quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 61 shares in the last quarter. Pinney & Scofield Inc. raised its holdings in Advanced Micro Devices by 81.0% in the second quarter. Pinney & Scofield Inc. now owns 190 shares of the semiconductor manufacturer's stock worth $27,000 after buying an additional 85 shares during the last quarter. Dogwood Wealth Management LLC lifted its stake in shares of Advanced Micro Devices by 2,311.1% in the second quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer's stock worth $30,000 after buying an additional 208 shares in the last quarter. Finally, Avion Wealth grew its holdings in shares of Advanced Micro Devices by 49.3% during the second quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer's stock valued at $30,000 after buying an additional 72 shares during the last quarter. 71.34% of the stock is owned by 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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