Advanced Micro Devices Inc. (NASDAQ:AMD) SVP James Robert Anderson sold 350,818 shares of the company’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $7.50, for a total value of $2,631,135.00. Following the completion of the transaction, the senior vice president now directly owns 771,152 shares in the company, valued at $5,783,640. The sale was disclosed in a filing with the SEC, which is available through this link.

Shares of Advanced Micro Devices Inc. (NASDAQ:AMD) traded up 2.48% during mid-day trading on Friday, reaching $8.67. The company had a trading volume of 35,038,861 shares. Advanced Micro Devices Inc. has a one year low of $1.75 and a one year high of $8.77. The company’s market capitalization is $8.04 billion. The company has a 50 day moving average price of $6.92 and a 200 day moving average price of $5.88.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Thursday, October 20th. The semiconductor manufacturer reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.23 billion. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.17) EPS. On average, analysts anticipate that Advanced Micro Devices Inc. will post ($0.15) EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Courier Capital Corp increased its position in Advanced Micro Devices by 0.8% in the second quarter. Courier Capital Corp now owns 25,200 shares of the semiconductor manufacturer’s stock worth $130,000 after buying an additional 200 shares during the period. Neuberger Berman Group LLC increased its position in Advanced Micro Devices by 3.6% in the third quarter. Neuberger Berman Group LLC now owns 23,391 shares of the semiconductor manufacturer’s stock worth $162,000 after buying an additional 804 shares during the period. State Treasurer State of Michigan increased its position in Advanced Micro Devices by 0.6% in the second quarter. State Treasurer State of Michigan now owns 257,900 shares of the semiconductor manufacturer’s stock worth $1,326,000 after buying an additional 1,500 shares during the period. Gilder Gagnon Howe & Co. LLC increased its position in Advanced Micro Devices by 7.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 25,072 shares of the semiconductor manufacturer’s stock worth $129,000 after buying an additional 1,800 shares during the period. Finally, ProShare Advisors LLC increased its position in Advanced Micro Devices by 1.3% in the second quarter. ProShare Advisors LLC now owns 179,034 shares of the semiconductor manufacturer’s stock worth $920,000 after buying an additional 2,331 shares during the period. 44.28% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently issued reports on the company. Vetr raised Advanced Micro Devices from a “buy” rating to a “strong-buy” rating and set a $7.46 target price on the stock in a report on Tuesday, October 11th. Sanford C. Bernstein assumed coverage on Advanced Micro Devices in a report on Wednesday, September 21st. They set an “underperform” rating and a $3.00 target price on the stock. Northland Securities reissued an “outperform” rating and set a $8.50 target price on shares of Advanced Micro Devices in a report on Sunday, October 23rd. Deutsche Bank AG upped their price objective on Advanced Micro Devices from $4.00 to $5.00 and gave the stock a “hold” rating in a research report on Wednesday, September 14th. Finally, Canaccord Genuity restated a “buy” rating on shares of Advanced Micro Devices in a research report on Tuesday, August 23rd. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $6.05.

About Advanced Micro Devices

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as a standalone central processing unit (CPU) or as incorporated into an accelerated processing unit (APU), chipsets, and discrete graphics processing units (GPUs) for the consumer, commercial and professional graphics markets, and server and embedded CPUs, GPUs and APUs, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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