Advanced Micro Devices, Inc. (AMD) CFO Devinder Kumar Sells 41,213 Shares of Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) CFO Devinder Kumar sold 41,213 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $21.25, for a total transaction of $875,776.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Devinder Kumar also recently made the following trade(s):

  • On Wednesday, October 31st, Devinder Kumar sold 75,000 shares of Advanced Micro Devices stock. The shares were sold at an average price of $17.56, for a total value of $1,317,000.00.

Shares of Advanced Micro Devices stock traded down $0.13 during trading on Friday, reaching $21.30. The company’s stock had a trading volume of 82,098,023 shares, compared to its average volume of 96,053,984. The company has a quick ratio of 1.37, a current ratio of 1.76 and a debt-to-equity ratio of 1.04. Advanced Micro Devices, Inc. has a one year low of $9.04 and a one year high of $34.14. The stock has a market capitalization of $21.42 billion, a price-to-earnings ratio of 266.25, a P/E/G ratio of 4.40 and a beta of 3.64.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Wednesday, October 24th. The semiconductor manufacturer reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.71 billion. Advanced Micro Devices had a return on equity of 47.21% and a net margin of 5.51%. The company’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the company earned $0.10 earnings per share. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 0.35 EPS for the current year.

Several equities analysts have commented on AMD shares. MED upgraded Advanced Micro Devices to a “positive” rating in a report on Thursday, October 4th. Stifel Nicolaus lifted their price objective on Advanced Micro Devices from $21.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, September 19th. FBN Securities initiated coverage on Advanced Micro Devices in a report on Thursday, September 13th. They set an “outperform” rating for the company. Rosenblatt Securities reissued a “buy” rating and set a $30.00 price objective (up from $27.00) on shares of Advanced Micro Devices in a report on Thursday, August 23rd. Finally, Goldman Sachs Group raised Advanced Micro Devices from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $13.25 to $21.00 in a report on Friday, August 10th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $23.65.

A number of hedge funds have recently made changes to their positions in the stock. Northern Trust Corp increased its position in Advanced Micro Devices by 0.3% in the second quarter. Northern Trust Corp now owns 9,048,989 shares of the semiconductor manufacturer’s stock worth $135,645,000 after purchasing an additional 27,328 shares during the period. Renaissance Technologies LLC grew its position in shares of Advanced Micro Devices by 541.5% during the 2nd quarter. Renaissance Technologies LLC now owns 7,427,326 shares of the semiconductor manufacturer’s stock worth $111,336,000 after buying an additional 6,269,500 shares during the period. Eagle Asset Management Inc. grew its position in shares of Advanced Micro Devices by 84.8% during the 2nd quarter. Eagle Asset Management Inc. now owns 6,769,440 shares of the semiconductor manufacturer’s stock worth $101,473,000 after buying an additional 3,105,441 shares during the period. Carillon Tower Advisers Inc. grew its position in shares of Advanced Micro Devices by 107.7% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 5,432,501 shares of the semiconductor manufacturer’s stock worth $81,432,000 after buying an additional 2,816,360 shares during the period. Finally, Alliancebernstein L.P. grew its position in shares of Advanced Micro Devices by 132.4% during the 3rd quarter. Alliancebernstein L.P. now owns 5,357,536 shares of the semiconductor manufacturer’s stock worth $165,494,000 after buying an additional 3,051,938 shares during the period. Hedge funds and other institutional investors own 64.24% of the company’s stock.

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Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's 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.

Further Reading: Quiet Period

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

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