Advanced Micro Devices, Inc. (NASDAQ:AMD) insider Mark D. Papermaster sold 38,819 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $12.70, for a total value of $493,001.30. Following the transaction, the insider now owns 930,839 shares in the company, valued at approximately $11,821,655.30. 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 3.00% on Wednesday, hitting $12.63. The company had a trading volume of 64,639,428 shares. Advanced Micro Devices, Inc. has a 12-month low of $5.66 and a 12-month high of $15.65. The company has a 50 day moving average of $13.40 and a 200-day moving average of $12.92. The company’s market cap is $11.96 billion.

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

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Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised 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 valued at $1,161,796,000 after buying an additional 5,797,819 shares during the last quarter. Baillie Gifford & Co. acquired a new stake in Advanced Micro Devices during the second quarter valued at about $184,767,000. Wellington Management Group LLP raised 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 valued at $206,339,000 after buying an additional 13,939,494 shares during the last quarter. Geode Capital Management LLC raised 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 valued at $133,854,000 after buying an additional 2,215,111 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. acquired a new stake in Advanced Micro Devices during the first quarter valued at about $129,039,000. 56.37% of the stock is owned by institutional investors and hedge funds.

Several research firms have issued reports on AMD. Morgan Stanley reiterated an “equal weight” rating on shares of Advanced Micro Devices in a research report on Monday, May 15th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and set a $10.60 target price on shares of Advanced Micro Devices in a research report on Monday, June 12th. Sanford C. Bernstein restated a “sell” rating on shares of Advanced Micro Devices in a report on Tuesday, April 25th. Wells Fargo & Company restated an “outperform” rating and issued a $15.00 price target on shares of Advanced Micro Devices in a report on Friday, June 30th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $15.00 price target on shares of Advanced Micro Devices in a report on Wednesday, May 17th. Five 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 issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $14.18.

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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