Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP James Robert Anderson Sells 20,000 Shares

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 approximately $5,875,069.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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) traded up 0.24% on Friday, reaching $12.37. 37,521,694 shares of the company’s stock were exchanged. 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. The stock’s market capitalization is $11.71 billion.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.04. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.05) earnings per share. Equities analysts predict that Advanced Micro Devices, Inc. will post $0.10 earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the company. Trexquant Investment LP bought a new stake in shares of Advanced Micro Devices during the first quarter valued at about $706,000. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Advanced Micro Devices during the first quarter worth $148,000. Janney Montgomery Scott LLC increased its stake in Advanced Micro Devices by 91.0% in the first quarter. Janney Montgomery Scott LLC now owns 143,912 shares of the semiconductor manufacturer’s stock worth $2,094,000 after buying an additional 68,565 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in Advanced Micro Devices by 392.1% in the first quarter. UBS Asset Management Americas Inc. now owns 1,995,898 shares of the semiconductor manufacturer’s stock worth $29,040,000 after buying an additional 1,590,293 shares in the last quarter. Finally, Xact Kapitalforvaltning AB increased its stake in Advanced Micro Devices by 8.3% in the second quarter. Xact Kapitalforvaltning AB now owns 117,437 shares of the semiconductor manufacturer’s stock worth $1,466,000 after buying an additional 9,046 shares in the last quarter. Institutional investors and hedge funds own 56.37% of the company’s stock.

AMD has been the subject of a number of analyst reports. Summit Redstone reissued a “hold” rating on shares of Advanced Micro Devices in a research report on Saturday, July 22nd. Canaccord Genuity reissued a “buy” rating and issued a $17.00 price objective on shares of Advanced Micro Devices in a research report on Friday, May 19th. Zacks Investment Research raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Monday, May 1st. MKM Partners reissued a “neutral” rating and issued a $13.00 price objective on shares of Advanced Micro Devices in a research report on Friday, July 21st. Finally, Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Advanced Micro Devices in a research report on Friday, July 28th. Five 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. The company currently has a consensus rating of “Hold” and a consensus price target of $14.18.

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.

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