Advanced Micro Devices (NASDAQ:AMD) Shares Down 0.1% Following Insider Selling

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s share price traded down 0.1% during trading on Monday after an insider sold shares in the company. The company traded as low as $144.91 and last traded at $147.76. Approximately 8,776,968 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 55,871,395 shares. The stock had previously closed at $147.95.

Specifically, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at $513,150,048.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AMD shares. Edward Jones started coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating on the stock. Evercore ISI upped their price target on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. TD Cowen cut their price objective on Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Finally, UBS Group reduced their target price on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $192.79.

Advanced Micro Devices Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The stock has a market capitalization of $233.08 billion, a price-to-earnings ratio of 130.64, a PEG ratio of 2.05 and a beta of 1.71. The stock’s 50 day simple moving average is $154.41 and its 200-day simple moving average is $155.52.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.92. The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Advanced Micro Devices’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 EPS. On average, analysts expect that Advanced Micro Devices, Inc. will post 2.53 EPS for the current fiscal year.

Institutional Trading of Advanced Micro Devices

Several large investors have recently made changes to their positions in AMD. Quantbot Technologies LP bought a new stake in shares of Advanced Micro Devices during the 1st quarter worth $331,000. Koshinski Asset Management Inc. lifted its position in Advanced Micro Devices by 30.9% during the 1st quarter. Koshinski Asset Management Inc. now owns 5,562 shares of the semiconductor manufacturer’s stock worth $1,004,000 after acquiring an additional 1,313 shares during the last quarter. Dearborn Partners LLC lifted its position in Advanced Micro Devices by 15.4% during the 1st quarter. Dearborn Partners LLC now owns 2,861 shares of the semiconductor manufacturer’s stock worth $516,000 after acquiring an additional 382 shares during the last quarter. Texas Yale Capital Corp. grew its position in shares of Advanced Micro Devices by 15.0% in the first quarter. Texas Yale Capital Corp. now owns 1,667 shares of the semiconductor manufacturer’s stock valued at $301,000 after purchasing an additional 217 shares during the last quarter. Finally, Charles Schwab Investment Advisory Inc. acquired a new stake in shares of Advanced Micro Devices in the first quarter valued at about $235,000. Institutional investors own 71.34% of the company’s stock.

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.