Advanced Micro Devices, Inc. (AMD) SVP Sold $281,000.00 in Shares

Advanced Micro Devices, Inc. (AMD) SVP Sold $281,000.00 in Shares

Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP James Robert Anderson sold 20,000 shares of the business’s stock in a transaction dated Friday, March 24th. The stock was sold at an average price of $14.05, for a total value of $281,000.00. Following the sale, the senior vice president now owns 340,334 shares in the company, valued at approximately $4,781,692.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) traded down 0.109% during midday trading on Tuesday, reaching $13.685. The company’s stock had a trading volume of 14,879,743 shares. Advanced Micro Devices, Inc. has a 12 month low of $2.60 and a 12 month high of $15.55. The company has a 50-day moving average price of $13.76 and a 200-day moving average price of $9.90. The firm’s market cap is $12.87 billion.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, January 31st. The semiconductor manufacturer reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.01. The firm earned $1.10 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business posted ($0.10) EPS. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. Equities analysts expect that Advanced Micro Devices, Inc. will post $0.08 earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. Monashee Investment Management LLC purchased a new stake in shares of Advanced Micro Devices during the third quarter worth about $9,536,000. BlackRock Inc. raised its stake in shares of Advanced Micro Devices by 39.9% in the third quarter. BlackRock Inc. now owns 528,631 shares of the semiconductor manufacturer’s stock worth $3,653,000 after buying an additional 150,726 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of Advanced Micro Devices by 14.1% in the third quarter. Retirement Systems of Alabama now owns 946,325 shares of the semiconductor manufacturer’s stock worth $6,539,000 after buying an additional 117,205 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of Advanced Micro Devices by 1.2% in the third quarter. Nationwide Fund Advisors now owns 1,867,494 shares of the semiconductor manufacturer’s stock worth $12,904,000 after buying an additional 21,322 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Advanced Micro Devices by 9.1% in the third quarter. Rhumbline Advisers now owns 1,356,430 shares of the semiconductor manufacturer’s stock worth $9,373,000 after buying an additional 113,656 shares in the last quarter. 54.77% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on the company. Vetr downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $12.47 price objective on the stock. in a report on Tuesday, December 27th. Zacks Investment Research upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Thursday, December 1st. Pacific Crest restated an “equal weight” rating on shares of Advanced Micro Devices in a report on Wednesday, December 14th. Susquehanna Bancshares Inc boosted their price objective on Advanced Micro Devices from $9.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, March 20th. Finally, Jefferies Group LLC restated a “buy” rating and set a $13.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 1st. Seventeen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $10.55.

About Advanced Micro Devices

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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