Lisa T. Su Sells 75,000 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Lisa T. Su sold 75,000 shares of Advanced Micro Devices stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $105.40, for a total transaction of $7,905,000.00. Following the completion of the sale, the chief executive officer now owns 3,358,721 shares of the company’s stock, valued at approximately $354,009,193.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Advanced Micro Devices Stock Down 1.0 %

Shares of NASDAQ:AMD opened at $106.63 on Friday. The company’s 50-day moving average is $110.20 and its 200 day moving average is $104.13. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.18 and a quick ratio of 1.58. Advanced Micro Devices, Inc. has a fifty-two week low of $54.57 and a fifty-two week high of $132.83.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, August 1st. The semiconductor manufacturer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.32 billion. Advanced Micro Devices had a negative net margin of 0.11% and a positive return on equity of 5.69%. The firm’s quarterly revenue was down 18.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. Equities analysts forecast that Advanced Micro Devices, Inc. will post 2.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMD has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price objective on shares of Advanced Micro Devices from $97.00 to $137.00 in a research note on Wednesday, June 14th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Advanced Micro Devices from $80.00 to $110.00 in a research note on Wednesday, June 14th. Argus boosted their price target on shares of Advanced Micro Devices from $100.00 to $170.00 in a research note on Thursday, June 15th. Raymond James boosted their price target on shares of Advanced Micro Devices from $110.00 to $145.00 in a research note on Wednesday, June 14th. Finally, Jefferies Financial Group boosted their price target on shares of Advanced Micro Devices from $100.00 to $145.00 in a research note on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.19.

Institutional Investors Weigh In On Advanced Micro Devices

Several institutional investors have recently added to or reduced their stakes in AMD. Fairfield Bush & CO. purchased a new stake in Advanced Micro Devices during the first quarter valued at about $836,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Advanced Micro Devices by 49.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,384,719 shares of the semiconductor manufacturer’s stock valued at $260,746,000 after purchasing an additional 791,710 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in Advanced Micro Devices by 34.9% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 2,677 shares of the semiconductor manufacturer’s stock valued at $293,000 after purchasing an additional 692 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in Advanced Micro Devices by 104.8% during the first quarter. Raymond James Trust N.A. now owns 7,959 shares of the semiconductor manufacturer’s stock valued at $870,000 after purchasing an additional 4,072 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in Advanced Micro Devices by 217.2% during the first quarter. Baird Financial Group Inc. now owns 398,051 shares of the semiconductor manufacturer’s stock valued at $43,524,000 after purchasing an additional 272,557 shares during the last quarter. 68.43% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.