Advanced Micro Devices, Inc. (NASDAQ:AMD) CFO Devinder Kumar sold 39,507 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $12.46, for a total transaction of $492,257.22. Following the sale, the chief financial officer now owns 793,403 shares in the company, valued at approximately $9,885,801.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Devinder Kumar also recently made the following trade(s):

  • On Thursday, August 3rd, Devinder Kumar sold 130,217 shares of Advanced Micro Devices stock. The shares were sold at an average price of $13.18, for a total transaction of $1,716,260.06.
  • On Wednesday, May 24th, Devinder Kumar sold 100,634 shares of Advanced Micro Devices stock. The shares were sold at an average price of $10.85, for a total transaction of $1,091,878.90.

Shares of Advanced Micro Devices, Inc. (AMD) traded up 0.91% during midday trading on Friday, hitting $12.23. 63,538,373 shares of the company traded hands. The stock’s 50-day moving average is $13.53 and its 200 day moving average is $12.83. Advanced Micro Devices, Inc. has a 12-month low of $5.66 and a 12-month high of $15.65. The stock’s market capitalization is $11.58 billion.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.04. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.05) earnings per share. On average, analysts expect that Advanced Micro Devices, Inc. will post $0.10 earnings per share for the current year.

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Several equities research analysts have commented on AMD shares. Craig Hallum raised their price target on shares of Advanced Micro Devices from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, June 22nd. Bank of America Corporation restated a “buy” rating on shares of Advanced Micro Devices in a research note on Tuesday, May 9th. Canaccord Genuity raised their price target on shares of Advanced Micro Devices from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, June 21st. Wells Fargo & Company restated an “outperform” rating and issued a $15.00 price target on shares of Advanced Micro Devices in a research note on Friday, June 30th. Finally, Vetr upgraded shares of Advanced Micro Devices from a “buy” rating to a “strong-buy” rating and set a $15.99 price target on the stock in a research note on Monday, June 26th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $14.18.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Chevy Chase Trust Holdings Inc. purchased a new position in shares of Advanced Micro Devices during the first quarter worth about $9,676,000. Charter Trust Co. purchased a new position in shares of Advanced Micro Devices during the first quarter worth about $153,000. Exxonmobil Investment Management Inc. TX purchased a new position in shares of Advanced Micro Devices during the first quarter worth about $2,493,000. Gulf International Bank UK Ltd purchased a new position in shares of Advanced Micro Devices during the first quarter worth about $3,633,000. Finally, Koshinski Asset Management Inc. purchased a new position in shares of Advanced Micro Devices during the first quarter worth about $206,000. Hedge funds and other institutional investors own 57.34% of the company’s stock.

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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