Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP Harry A. Wolin Sells 74,473 Shares

Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) SVP Harry A. Wolin sold 74,473 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $125.98, for a total transaction of $9,382,108.54. Following the completion of the sale, the senior vice president now directly owns 1,424,864 shares in the company, valued at $179,504,366.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $124.53 on Wednesday. The business’s fifty day simple moving average is $101.96 and its 200-day simple moving average is $86.40. The company has a quick ratio of 1.74, a current ratio of 2.38 and a debt-to-equity ratio of 0.05. The firm has a market cap of $200.54 billion, a PE ratio of 541.43, a price-to-earnings-growth ratio of 9.45 and a beta of 1.92. Advanced Micro Devices, Inc. has a 52 week low of $54.57 and a 52 week high of $132.83.

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Advanced Micro Devices (NASDAQ:AMD – Get Rating) last announced its earnings results on Tuesday, May 2nd. The semiconductor manufacturer reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. The company had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.31 billion. Advanced Micro Devices had a net margin of 1.71% and a return on equity of 7.19%. Advanced Micro Devices’s revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.02 earnings per share. Equities analysts forecast that Advanced Micro Devices, Inc. will post 2.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMD. Deutsche Bank Aktiengesellschaft upped their target price on Advanced Micro Devices from $70.00 to $80.00 in a research note on Monday, April 24th. Benchmark raised their price target on shares of Advanced Micro Devices from $103.00 to $108.00 in a research report on Wednesday, May 3rd. Susquehanna increased their target price on shares of Advanced Micro Devices from $115.00 to $120.00 in a research note on Wednesday, May 3rd. Craig Hallum upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their price target for the stock from $76.00 to $100.00 in a research report on Wednesday, May 3rd. Finally, Wells Fargo & Company upped their target price on Advanced Micro Devices from $85.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, March 30th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.17.

Institutional Trading of Advanced Micro Devices

Several institutional investors have recently added to or reduced their stakes in the stock. Duncker Streett & Co. Inc. acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $28,000. Eagle Bay Advisors LLC boosted its position in Advanced Micro Devices by 50.6% in the 1st quarter. Eagle Bay Advisors LLC now owns 679 shares of the semiconductor manufacturer’s stock valued at $29,000 after buying an additional 228 shares during the period. Tucker Asset Management LLC acquired a new position in shares of Advanced Micro Devices in the first quarter worth $31,000. Western Pacific Wealth Management LP increased its position in shares of Advanced Micro Devices by 41.9% during the fourth quarter. Western Pacific Wealth Management LP now owns 545 shares of the semiconductor manufacturer’s stock worth $35,000 after acquiring an additional 161 shares during the period. Finally, Grey Fox Wealth Advisors LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $37,000. Institutional investors and hedge funds own 67.17% of the company’s stock.

Advanced Micro Devices Company Profile

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Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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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