Harry A. Wolin Sells 38,983 Shares of Advanced Micro Devices, Inc. (AMD) Stock
Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP Harry A. Wolin sold 38,983 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $10.95, for a total value of $426,863.85. Following the completion of the sale, the senior vice president now owns 969,858 shares in the company, valued at $10,619,945.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Advanced Micro Devices, Inc. (NASDAQ AMD) traded up $0.12 during trading hours on Tuesday, reaching $12.05. The company had a trading volume of 66,232,713 shares, compared to its average volume of 60,380,000. Advanced Micro Devices, Inc. has a 1-year low of $6.22 and a 1-year high of $15.65. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.20 and a current ratio of 1.70.
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Large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Advanced Micro Devices by 6.6% during the second quarter. Vanguard Group Inc. now owns 93,092,619 shares of the semiconductor manufacturer’s stock worth $1,161,796,000 after purchasing an additional 5,797,819 shares during the last quarter. Baillie Gifford & Co. bought a new stake in Advanced Micro Devices during the second quarter worth $184,767,000. CI Investments Inc. lifted its stake in Advanced Micro Devices by 312.3% during the third quarter. CI Investments Inc. now owns 7,322,893 shares of the semiconductor manufacturer’s stock worth $93,367,000 after purchasing an additional 5,546,993 shares during the last quarter. Legal & General Group Plc lifted its stake in Advanced Micro Devices by 12.2% during the second quarter. Legal & General Group Plc now owns 3,927,691 shares of the semiconductor manufacturer’s stock worth $49,018,000 after purchasing an additional 428,379 shares during the last quarter. Finally, American Century Companies Inc. bought a new stake in Advanced Micro Devices during the third quarter worth $49,674,000. 59.05% of the stock is currently owned by institutional investors and hedge funds.
AMD has been the topic of a number of research reports. Jefferies Group LLC restated a “buy” rating and issued a $19.00 price target on shares of Advanced Micro Devices in a report on Wednesday, October 25th. BNP Paribas upgraded Advanced Micro Devices from a “neutral” rating to an “outperform” rating in a report on Thursday, October 12th. Bank of America Corporation reiterated a “buy” rating on shares of Advanced Micro Devices in a report on Sunday, October 1st. Morgan Stanley reiterated an “equal weight” rating and set a $6.00 target price on shares of Advanced Micro Devices in a report on Thursday, August 31st. Finally, TheStreet upgraded Advanced Micro Devices from a “d” rating to a “c-” rating in a report on Tuesday, October 24th. Seven investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.36.
About Advanced Micro Devices
Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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