Advanced Micro Devices (NASDAQ:AMD) Shares Down 1.2% Following Insider Selling

Advanced Micro Devices, Inc. (NASDAQ:AMD) traded down 1.2% on Thursday following insider selling activity. The stock traded as low as $155.28 and last traded at $157.47. 26,394,374 shares traded hands during trading, a decline of 59% from the average session volume of 63,940,559 shares. The stock had previously closed at $159.43.

Specifically, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares in the company, valued at $245,757,319.38. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $184.50, for a total value of $3,091,482.00. Following the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

AMD has been the topic of several research reports. UBS Group reduced their price objective on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Roth Mkm reduced their price target on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Truist Financial dropped their price objective on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating on the stock in a research report on Wednesday, May 1st. Finally, HSBC upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their target price for the stock from $180.00 to $225.00 in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $193.47.

Advanced Micro Devices Stock Down 1.5 %

The firm has a market capitalization of $253.91 billion, a price-to-earnings ratio of 231.58, a P/E/G ratio of 2.06 and a beta of 1.68. The business’s 50-day moving average is $164.21 and its two-hundred day moving average is $167.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.43 earnings per share. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.6 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AMD. Chase Investment Counsel Corp raised its position in shares of Advanced Micro Devices by 0.7% in the 4th quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock worth $1,772,000 after acquiring an additional 87 shares in the last quarter. Washburn Capital Management Inc. purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $231,000. Pathway Financial Advisors LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $229,000. Independence Bank of Kentucky increased its holdings in Advanced Micro Devices by 84.1% in the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after acquiring an additional 1,677 shares during the last quarter. Finally, Fortis Capital Advisors LLC lifted its holdings in Advanced Micro Devices by 137.8% during the fourth quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor manufacturer’s stock valued at $1,840,000 after purchasing an additional 7,235 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.