Advanced Micro Devices (NASDAQ:AMD) Shares Down 0.9% on Insider Selling

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares dropped 0.9% during mid-day trading on Friday following insider selling activity. The stock traded as low as $86.52 and last traded at $87.50. Approximately 34,685,670 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 43,168,875 shares. The stock had previously closed at $88.29.

Specifically, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the transaction, the executive vice president now owns 1,713,710 shares of the company’s stock, valued at $163,607,893.70. This trade represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AMD shares. Loop Capital assumed coverage on shares of Advanced Micro Devices in a research report on Tuesday, January 14th. They set a “buy” rating and a $175.00 target price for the company. Jefferies Financial Group lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $135.00 to $120.00 in a research report on Thursday, March 27th. Truist Financial set a $130.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Roth Capital set a $140.00 price target on Advanced Micro Devices in a report on Wednesday, February 5th. Finally, Melius cut Advanced Micro Devices from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $160.00 to $129.00 in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $144.90.

Advanced Micro Devices Trading Down 0.9 %

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The business’s fifty day simple moving average is $100.93 and its 200 day simple moving average is $123.30. The stock has a market cap of $141.42 billion, a price-to-earnings ratio of 88.38, a P/E/G ratio of 1.11 and a beta of 1.89.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Hedge Funds Weigh In On Advanced Micro Devices

Several institutional investors have recently made changes to their positions in the stock. Segment Wealth Management LLC grew its stake in Advanced Micro Devices by 0.5% during the 4th quarter. Segment Wealth Management LLC now owns 16,038 shares of the semiconductor manufacturer’s stock worth $1,937,000 after buying an additional 87 shares during the last quarter. Breakwater Capital Group grew its position in shares of Advanced Micro Devices by 5.2% during the fourth quarter. Breakwater Capital Group now owns 1,767 shares of the semiconductor manufacturer’s stock worth $213,000 after acquiring an additional 88 shares during the last quarter. Koshinski Asset Management Inc. increased its holdings in shares of Advanced Micro Devices by 1.9% in the 4th quarter. Koshinski Asset Management Inc. now owns 4,762 shares of the semiconductor manufacturer’s stock worth $575,000 after acquiring an additional 91 shares during the period. TFG Advisers LLC lifted its position in Advanced Micro Devices by 2.0% in the 4th quarter. TFG Advisers LLC now owns 4,741 shares of the semiconductor manufacturer’s stock valued at $573,000 after purchasing an additional 92 shares during the last quarter. Finally, BSW Wealth Partners boosted its stake in Advanced Micro Devices by 1.1% during the 4th quarter. BSW Wealth Partners now owns 8,843 shares of the semiconductor manufacturer’s stock valued at $1,068,000 after purchasing an additional 94 shares during the period. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through 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.