Advanced Micro Devices Inc. (AMD) SVP Harry A. Wolin Sells 18,000 Shares of Stock
Advanced Micro Devices Inc. (NASDAQ:AMD) SVP Harry A. Wolin sold 18,000 shares of the business’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $8.88, for a total value of $159,840.00. Following the transaction, the senior vice president now owns 688,116 shares in the company, valued at $6,110,470.08. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Advanced Micro Devices Inc. (NASDAQ:AMD) opened at 8.93 on Wednesday. The stock’s market cap is $8.28 billion. Advanced Micro Devices Inc. has a one year low of $1.75 and a one year high of $9.22. The firm has a 50-day moving average price of $7.25 and a 200-day moving average price of $6.16.
Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Thursday, October 20th. The semiconductor manufacturer reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The company earned $1.31 billion during the quarter, compared to analyst estimates of $1.23 billion. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.17) EPS. Analysts anticipate that Advanced Micro Devices Inc. will post ($0.15) earnings per share for the current fiscal year.
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A number of research analysts recently commented on AMD shares. Canaccord Genuity reiterated a “buy” rating and issued a $8.50 price objective on shares of Advanced Micro Devices in a report on Monday, September 12th. Zacks Investment Research cut Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Friday, November 18th. MKM Partners upped their price objective on Advanced Micro Devices from $8.00 to $10.50 and gave the company a “buy” rating in a report on Tuesday, November 22nd. Credit Suisse Group AG upgraded Advanced Micro Devices from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $5.50 to $7.00 in a report on Wednesday, October 12th. Finally, Barclays PLC began coverage on Advanced Micro Devices in a research report on Friday, October 7th. They issued an “equal weight” rating and a $7.00 target price on the stock. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $6.28.
Large investors have recently modified their holdings of the stock. ClariVest Asset Management LLC bought a new stake in shares of Advanced Micro Devices during the second quarter worth about $2,853,000. Emerald Acquisition Ltd. bought a new stake in shares of Advanced Micro Devices during the second quarter worth about $14,815,000. Commerzbank Aktiengesellschaft FI raised its stake in shares of Advanced Micro Devices by 21.7% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 2,415,437 shares of the semiconductor manufacturer’s stock worth $12,415,000 after buying an additional 430,280 shares during the period. Principal Financial Group Inc. raised its stake in shares of Advanced Micro Devices by 13.4% in the second quarter. Principal Financial Group Inc. now owns 2,401,219 shares of the semiconductor manufacturer’s stock worth $12,343,000 after buying an additional 284,597 shares during the period. Finally, Societe Generale bought a new stake in shares of Advanced Micro Devices during the second quarter worth about $937,000. Institutional investors and hedge funds own 53.83% of the company’s stock.
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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