Insider Selling: Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Sells 164,000 Shares of Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Lisa T. Su sold 164,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $33.66, for a total transaction of $5,520,240.00. Following the completion of the transaction, the chief executive officer now directly owns 2,375,264 shares of the company’s stock, valued at approximately $79,951,386.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of AMD opened at $30.36 on Friday. Advanced Micro Devices, Inc. has a 1-year low of $14.54 and a 1-year high of $34.30. The firm has a market capitalization of $32.84 billion, a P/E ratio of 86.74, a P/E/G ratio of 1.96 and a beta of 3.19. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.08 and a quick ratio of 1.54.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Advanced Micro Devices had a net margin of 4.46% and a return on equity of 25.23%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the company earned $0.11 earnings per share. Advanced Micro Devices’s quarterly revenue was down 22.8% compared to the same quarter last year. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 0.53 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Penserra Capital Management LLC lifted its position in Advanced Micro Devices by 37.9% in the fourth quarter. Penserra Capital Management LLC now owns 43,426 shares of the semiconductor manufacturer’s stock valued at $800,000 after acquiring an additional 11,932 shares during the last quarter. Parallel Advisors LLC lifted its position in Advanced Micro Devices by 261.3% in the fourth quarter. Parallel Advisors LLC now owns 6,139 shares of the semiconductor manufacturer’s stock valued at $113,000 after acquiring an additional 4,440 shares during the last quarter. Northern Trust Corp lifted its position in Advanced Micro Devices by 9.0% in the fourth quarter. Northern Trust Corp now owns 9,969,648 shares of the semiconductor manufacturer’s stock valued at $184,040,000 after acquiring an additional 823,765 shares during the last quarter. Comerica Bank lifted its position in Advanced Micro Devices by 8.1% in the fourth quarter. Comerica Bank now owns 260,940 shares of the semiconductor manufacturer’s stock valued at $5,023,000 after acquiring an additional 19,584 shares during the last quarter. Finally, G&S Capital LLC purchased a new stake in Advanced Micro Devices in the first quarter valued at $78,000. 60.85% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have commented on AMD shares. Nomura started coverage on shares of Advanced Micro Devices in a research report on Tuesday, April 2nd. They issued a “buy” rating and a $33.00 price target for the company. ValuEngine cut shares of Advanced Micro Devices from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. Bank of America lifted their price objective on shares of Advanced Micro Devices from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Mizuho lifted their price objective on shares of Advanced Micro Devices from $28.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Craig Hallum reaffirmed a “buy” rating and set a $33.00 price objective (up from $27.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Advanced Micro Devices presently has an average rating of “Buy” and an average target price of $29.13.

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Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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