Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP Sells $278,200.00 in Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP James Robert Anderson sold 20,000 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $13.91, for a total transaction of $278,200.00. Following the completion of the sale, the senior vice president now directly owns 422,363 shares in the company, valued at $5,875,069.33. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

James Robert Anderson also recently made the following trade(s):

  • On Friday, August 4th, James Robert Anderson sold 130,217 shares of Advanced Micro Devices stock. The shares were sold at an average price of $13.18, for a total transaction of $1,716,260.06.
  • On Friday, June 23rd, James Robert Anderson sold 20,000 shares of Advanced Micro Devices stock. The shares were sold at an average price of $14.19, for a total transaction of $283,800.00.
  • On Monday, June 19th, James Robert Anderson sold 160,122 shares of Advanced Micro Devices stock. The shares were sold at an average price of $12.48, for a total transaction of $1,998,322.56.
  • On Tuesday, May 23rd, James Robert Anderson sold 20,000 shares of Advanced Micro Devices stock. The shares were sold at an average price of $10.86, for a total transaction of $217,200.00.

Advanced Micro Devices, Inc. (NASDAQ:AMD) opened at 12.23 on Friday. The company has a 50-day moving average of $13.47 and a 200 day moving average of $12.85. The company’s market cap is $11.58 billion. Advanced Micro Devices, Inc. has a 52 week low of $5.66 and a 52 week high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.04. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the company earned ($0.05) EPS. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post $0.10 EPS for the current fiscal year.

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A number of brokerages have recently issued reports on AMD. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Advanced Micro Devices in a report on Thursday. Barclays PLC reiterated an “underweight” rating and issued a $9.00 price target on shares of Advanced Micro Devices in a research note on Thursday. BidaskClub lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Monday, July 31st. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Advanced Micro Devices in a research note on Friday, July 28th. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Advanced Micro Devices has a consensus rating of “Hold” and a consensus target price of $14.18.

A number of institutional investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new stake in shares of Advanced Micro Devices during the first quarter worth $100,000. Intellectus Partners LLC acquired a new stake in shares of Advanced Micro Devices during the first quarter worth $116,000. Bluestein R H & Co. acquired a new stake in shares of Advanced Micro Devices during the first quarter worth $146,000. Harbor Advisors LLC acquired a new stake in shares of Advanced Micro Devices during the first quarter worth $146,000. Finally, K.J. Harrison & Partners Inc acquired a new stake in shares of Advanced Micro Devices during the second quarter worth $125,000. 57.34% of the stock is owned by institutional investors and hedge funds.

About Advanced Micro Devices

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.

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