Lisa T. Su Sells 366,405 Shares of Advanced Micro Devices, Inc. (AMD) Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Lisa T. Su sold 366,405 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $13.18, for a total transaction of $4,829,217.90. Following the completion of the transaction, the chief executive officer now directly owns 2,229,550 shares of the company’s stock, valued at approximately $29,385,469. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Advanced Micro Devices, Inc. (AMD) traded up 0.24% during trading on Friday, reaching $12.37. 37,521,694 shares of the company’s stock were exchanged. The company has a 50 day moving average of $13.35 and a 200 day moving average of $12.92. Advanced Micro Devices, Inc. has a 12-month low of $5.66 and a 12-month high of $15.65. The stock’s market cap is $11.71 billion.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.16 billion. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. The business’s revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.05) EPS. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post $0.10 EPS for the current year.

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Several research analysts recently weighed in on the stock. Bank of America Corporation reaffirmed a “buy” rating and issued a $18.00 target price on shares of Advanced Micro Devices in a report on Wednesday. Barclays PLC reaffirmed an “underweight” rating and issued a $9.00 target price on shares of Advanced Micro Devices in a report on Thursday, August 10th. Pacific Crest reaffirmed an “equal weight” rating on shares of Advanced Micro Devices in a report on Tuesday, June 20th. Canaccord Genuity reaffirmed a “buy” rating and issued a $20.00 target price on shares of Advanced Micro Devices in a report on Tuesday. Finally, Wells Fargo & Company reaffirmed an “outperform” rating on shares of Advanced Micro Devices in a report on Thursday, August 10th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $14.18.

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Advanced Micro Devices by 6.6% in the second quarter. Vanguard Group Inc. now owns 93,092,619 shares of the semiconductor manufacturer’s stock worth $1,161,796,000 after buying an additional 5,797,819 shares during the period. Baillie Gifford & Co. bought a new stake in Advanced Micro Devices during the second quarter worth about $184,767,000. Wellington Management Group LLP increased its stake in Advanced Micro Devices by 5,764.6% in the first quarter. Wellington Management Group LLP now owns 14,181,305 shares of the semiconductor manufacturer’s stock worth $206,339,000 after buying an additional 13,939,494 shares during the period. Geode Capital Management LLC increased its stake in Advanced Micro Devices by 31.7% in the first quarter. Geode Capital Management LLC now owns 9,210,323 shares of the semiconductor manufacturer’s stock worth $133,854,000 after buying an additional 2,215,111 shares during the period. Finally, Old Mutual Global Investors UK Ltd. bought a new stake in Advanced Micro Devices during the first quarter worth about $129,039,000. 56.37% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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