Advanced Micro Devices, Inc. (NASDAQ:AMD) insider Mark D. Papermaster sold 30,000 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $13.46, for a total transaction of $403,800.00. Following the transaction, the insider now owns 930,084 shares in the company, valued at $12,518,930.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of Advanced Micro Devices, Inc. (NASDAQ AMD) traded down 2.14% during trading on Wednesday, reaching $12.83. 58,861,491 shares of the company traded hands. The firm’s 50-day moving average is $13.49 and its 200-day moving average is $12.74. The stock’s market capitalization is $12.12 billion. Advanced Micro Devices, Inc. has a 12-month low of $5.66 and a 12-month high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.04. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Advanced Micro Devices had a negative net margin of 1.06% and a negative return on equity of 15.54%. The business’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.05) EPS. On average, equities analysts predict that Advanced Micro Devices, Inc. will post $0.10 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This story was originally published by Watch List News and is the property of of Watch List News. If you are viewing this story on another domain, it was illegally stolen and republished in violation of US and international copyright and trademark legislation. The original version of this story can be read at https://www.watchlistnews.com/mark-d-papermaster-sells-30000-shares-of-advanced-micro-devices-inc-amd-stock/1466478.html.

AMD has been the topic of several recent analyst reports. Craig Hallum boosted their price objective on shares of Advanced Micro Devices from $16.00 to $17.00 and gave the stock 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 boosted their price objective on shares of Advanced Micro Devices from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, June 21st. Wells Fargo & Company restated an “outperform” rating and set a $15.00 price objective 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 objective on the stock in a research note on Monday, June 26th. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.18.

Hedge funds have recently bought and sold shares of the stock. Meeder Asset Management Inc. bought a new stake in Advanced Micro Devices during the first quarter valued at $100,000. Intellectus Partners LLC bought a new stake in Advanced Micro Devices during the first quarter valued at $116,000. K.J. Harrison & Partners Inc bought a new stake in Advanced Micro Devices during the second quarter valued at $125,000. ING Groep NV bought a new stake in Advanced Micro Devices during the first quarter valued at $127,000. Finally, Global X Management Co. LLC bought a new stake in Advanced Micro Devices during the second quarter valued at $143,000. Hedge funds and other institutional investors own 57.34% of the company’s stock.

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.

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

Receive News & Ratings for Advanced Micro Devices Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.