Insider Selling: Advanced Micro Devices, Inc. (NASDAQ:AMD) CFO Sells 130,217 Shares of Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) CFO Devinder Kumar sold 130,217 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $13.18, for a total transaction of $1,716,260.06. Following the sale, the chief financial officer now owns 850,107 shares of the company’s stock, valued at $11,204,410.26. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Friday, August 11th, Devinder Kumar sold 86,875 shares of Advanced Micro Devices stock. The shares were sold at an average price of $12.08, for a total transaction of $1,049,450.00.
  • On Thursday, August 10th, Devinder Kumar sold 39,507 shares of Advanced Micro Devices stock. The shares were sold at an average price of $12.46, for a total transaction of $492,257.22.
  • 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. (NASDAQ:AMD) traded up 0.24% during mid-day trading on Friday, hitting $12.37. 37,521,694 shares of the stock traded hands. The company’s market cap is $11.71 billion. Advanced Micro Devices, Inc. has a 12 month low of $5.66 and a 12 month high of $15.65. The firm has a 50 day moving average of $13.35 and a 200 day moving average of $12.92.

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

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

A number of institutional investors have recently bought and sold shares of AMD. Meeder Asset Management Inc. purchased a new position in Advanced Micro Devices during the first quarter valued at $100,000. Intellectus Partners LLC purchased a new position in Advanced Micro Devices during the first quarter valued at $116,000. K.J. Harrison & Partners Inc purchased a new position in Advanced Micro Devices during the second quarter valued at $125,000. ING Groep NV purchased a new position in Advanced Micro Devices during the first quarter valued at $127,000. Finally, Regal Investment Advisors LLC purchased a new position in Advanced Micro Devices during the second quarter valued at $137,000. Institutional investors own 56.37% 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)

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