Advanced Micro Devices, Inc. (AMD) CEO Sells $929,568.60 in Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Lisa Su sold 87,530 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $10.62, for a total value of $929,568.60. Following the sale, the chief executive officer now owns 2,075,903 shares of the company’s stock, valued at approximately $22,046,089.86. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Advanced Micro Devices, Inc. (NASDAQ AMD) traded down $0.27 during trading hours on Friday, reaching $10.28. The company had a trading volume of 26,591,680 shares, compared to its average volume of 38,451,880. Advanced Micro Devices, Inc. has a twelve month low of $9.42 and a twelve month high of $15.65. The firm has a market cap of $10,178.63, a price-to-earnings ratio of -114.22, a P/E/G ratio of 81.68 and a beta of 2.46. The company has a quick ratio of 1.20, a current ratio of 1.70 and a debt-to-equity ratio of 2.61.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Advanced Micro Devices by 6.6% during the 2nd quarter. Vanguard Group Inc. now owns 93,092,619 shares of the semiconductor manufacturer’s stock valued at $1,161,796,000 after purchasing an additional 5,797,819 shares during the period. Baillie Gifford & Co. acquired a new position in Advanced Micro Devices during the 2nd quarter valued at approximately $184,767,000. CI Investments Inc. boosted its position in Advanced Micro Devices by 312.3% during the 3rd quarter. CI Investments Inc. now owns 7,322,893 shares of the semiconductor manufacturer’s stock valued at $93,367,000 after purchasing an additional 5,546,993 shares during the period. Legal & General Group Plc boosted its position in Advanced Micro Devices by 2.9% during the 3rd quarter. Legal & General Group Plc now owns 4,041,764 shares of the semiconductor manufacturer’s stock valued at $51,531,000 after purchasing an additional 114,073 shares during the period. Finally, American Century Companies Inc. acquired a new position in Advanced Micro Devices during the 3rd quarter valued at approximately $49,674,000. Institutional investors and hedge funds own 60.09% of the company’s stock.

A number of brokerages have weighed in on AMD. Wells Fargo & Co restated an “outperform” rating and set a $18.00 price objective on shares of Advanced Micro Devices in a research note on Monday, September 25th. Jefferies Group reiterated a “buy” rating and issued a $19.00 target price on shares of Advanced Micro Devices in a research report on Friday, November 10th. Susquehanna Bancshares reiterated a “neutral” rating and issued a $15.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, September 20th. BidaskClub lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Tuesday, December 5th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $15.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, October 18th. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Advanced Micro Devices presently has an average rating of “Hold” and a consensus price target of $14.73.

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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.

Insider Buying and Selling by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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