Advanced Micro Devices (AMD) Shares Gap Down to $20.19

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $20.62, but opened at $20.19. Advanced Micro Devices shares last traded at $19.74, with a volume of 115305617 shares.

A number of equities analysts recently issued reports on the company. Zacks Investment Research lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Monday, December 31st. Daiwa Capital Markets assumed coverage on Advanced Micro Devices in a report on Sunday, December 30th. They issued a “buy” rating and a $26.00 price objective for the company. Bank of America decreased their price objective on Advanced Micro Devices from $30.00 to $27.00 and set a “buy” rating for the company in a report on Thursday, December 20th. Craig Hallum increased their price objective on Advanced Micro Devices from $21.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, November 7th. Finally, Robert W. Baird restated a “hold” rating and issued a $25.00 target price on shares of Advanced Micro Devices in a research report on Friday, November 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Advanced Micro Devices presently has an average rating of “Hold” and a consensus price target of $24.31.

The stock has a market capitalization of $20.18 billion, a price-to-earnings ratio of 253.38, a P/E/G ratio of 2.74 and a beta of 3.38. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.76 and a quick ratio of 1.37.

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, beating analysts’ consensus estimates of $0.12 by $0.01. Advanced Micro Devices had a return on equity of 47.21% and a net margin of 5.51%. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the firm earned $0.10 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 0.34 EPS for the current fiscal year.

In other news, SVP Harry A. Wolin sold 18,070 shares of the stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $17.40, for a total transaction of $314,418.00. Following the completion of the sale, the senior vice president now owns 1,366,877 shares in the company, valued at approximately $23,783,659.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lisa T. Su sold 83,396 shares of the stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $17.40, for a total value of $1,451,090.40. Following the sale, the chief executive officer now owns 2,388,171 shares of the company’s stock, valued at approximately $41,554,175.40. The disclosure for this sale can be found here. Insiders have sold a total of 697,674 shares of company stock valued at $14,100,402 in the last quarter. Insiders own 1.80% of the company’s stock.

Several large investors have recently made changes to their positions in the company. MinichMacGregor Wealth Management LLC lifted its holdings in shares of Advanced Micro Devices by 257.7% in the third quarter. MinichMacGregor Wealth Management LLC now owns 3,219 shares of the semiconductor manufacturer’s stock valued at $101,000 after purchasing an additional 2,319 shares in the last quarter. Bell Rock Capital LLC purchased a new stake in shares of Advanced Micro Devices in the third quarter valued at $128,000. Signaturefd LLC lifted its holdings in shares of Advanced Micro Devices by 199.1% in the third quarter. Signaturefd LLC now owns 4,839 shares of the semiconductor manufacturer’s stock valued at $149,000 after purchasing an additional 3,221 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in shares of Advanced Micro Devices in the second quarter valued at $151,000. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Advanced Micro Devices in the second quarter worth $153,000. Institutional investors own 58.90% of the company’s stock.

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Advanced Micro Devices Company Profile (NASDAQ:AMD)

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.

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