Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Mark D. Papermaster sold 30,000 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $26.86, for a total transaction of $805,800.00. Following the completion of the sale, the executive vice president now owns 1,329,588 shares in the company, valued at approximately $35,712,733.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

AMD opened at $27.50 on Monday. The company has a current ratio of 2.08, a quick ratio of 1.54 and a debt-to-equity ratio of 0.57. The firm has a market cap of $29.74 billion, a price-to-earnings ratio of 78.57, a P/E/G ratio of 1.64 and a beta of 3.37. Advanced Micro Devices, Inc. has a 52-week low of $12.71 and a 52-week high of $34.14.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.26 billion. Advanced Micro Devices had a net margin of 4.46% and a return on equity of 25.23%. The company’s revenue was down 22.8% compared to the same quarter last year. During the same period last year, the firm posted $0.11 earnings per share. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 0.55 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on AMD. BidaskClub lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. ValuEngine upgraded shares of Advanced Micro Devices from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 1st. MKM Partners increased their price objective on shares of Advanced Micro Devices to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Credit Suisse Group increased their price objective on shares of Advanced Micro Devices from $13.50 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Finally, Mizuho raised their price target on shares of Advanced Micro Devices from $28.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $28.92.

A number of institutional investors and hedge funds have recently bought and sold shares of AMD. Joseph P. Lucia & Associates LLC purchased a new position in shares of Advanced Micro Devices in the first quarter worth about $25,000. Advisory Alpha LLC purchased a new position in shares of Advanced Micro Devices in the first quarter worth about $26,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Advanced Micro Devices in the first quarter worth about $26,000. Peddock Capital Advisors LLC lifted its stake in shares of Advanced Micro Devices by 151.5% in the first quarter. Peddock Capital Advisors LLC now owns 1,021 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 615 shares in the last quarter. Finally, Berman Capital Advisors LLC lifted its stake in shares of Advanced Micro Devices by 99.4% in the first quarter. Berman Capital Advisors LLC now owns 1,077 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 537 shares in the last quarter. 58.78% of the stock is currently owned by institutional investors and hedge funds.

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Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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