Advanced Micro Devices, Inc. (AMD) SVP Harry A. Wolin Sells 75,046 Shares
Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP Harry A. Wolin sold 75,046 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $12.08, for a total transaction of $906,555.68. Following the completion of the transaction, the senior vice president now owns 1,175,504 shares of the company’s stock, valued at $14,200,088.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Advanced Micro Devices, Inc. (NASDAQ:AMD) traded up $0.27 during mid-day trading on Wednesday, hitting $12.18. 38,940,000 shares of the company traded hands, compared to its average volume of 49,130,000. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.20 and a current ratio of 1.70. The firm has a market capitalization of $11,750.00, a PE ratio of -152.25, a P/E/G ratio of 6.27 and a beta of 2.47. Advanced Micro Devices, Inc. has a twelve month low of $9.42 and a twelve month high of $15.65.
Several research analysts have commented on the stock. Wells Fargo & Co reiterated an “outperform” rating and issued a $18.00 target price on shares of Advanced Micro Devices in a report on Monday, September 25th. Jefferies Group reiterated a “buy” rating and issued a $19.00 target price on shares of Advanced Micro Devices in a report on Friday, November 10th. Susquehanna Bancshares reiterated a “neutral” rating and issued a $15.00 target price on shares of Advanced Micro Devices in a report on Wednesday, September 20th. BidaskClub cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $15.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 18th. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Advanced Micro Devices presently has an average rating of “Hold” and a consensus target price of $14.73.
Several hedge funds have recently bought and sold shares of AMD. Bronfman E.L. Rothschild L.P. lifted its stake in Advanced Micro Devices by 1,655.2% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock valued at $111,000 after acquiring an additional 8,243 shares during the last quarter. First Personal Financial Services acquired a new stake in Advanced Micro Devices in the third quarter valued at approximately $127,000. 1492 Capital Management LLC acquired a new stake in Advanced Micro Devices in the third quarter valued at approximately $128,000. Cetera Investment Advisers acquired a new stake in Advanced Micro Devices in the third quarter valued at approximately $137,000. Finally, Ausdal Financial Partners Inc. acquired a new stake in Advanced Micro Devices in the third quarter valued at approximately $139,000. Institutional investors and hedge funds own 60.09% of the company’s stock.
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Advanced Micro Devices Company Profile
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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