An issue of Advanced Micro Devices, Inc. (NASDAQ:AMD) debt fell 0.6% against its face value during trading on Monday after an insider sold shares in the company. The debt issue has a 7.5% coupon and is set to mature on August 15, 2022. The debt is now trading at $112.13 and was trading at $112.72 last week. Price changes in a company’s debt in credit markets often anticipate parallel changes in its share price. Specifically, insider Darla M. Smith sold 27,288 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $11.13, for a total transaction of $303,715.44. Following the completion of the sale, the insider now directly owns 31,236 shares of the company’s stock, valued at approximately $347,656.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Darla M. Smith sold 18,001 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $11.37, for a total transaction of $204,671.37. Following the sale, the chief accounting officer now directly owns 19,078 shares of the company’s stock, valued at $216,916.86. The disclosure for this sale can be found here. Insiders have sold a total of 1,274,783 shares of company stock valued at $15,346,419 over the last three months. Corporate insiders own 1.60% of the company’s stock.

A number of brokerages recently weighed in on AMD. BidaskClub cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Tuesday. Susquehanna Bancshares reaffirmed a “neutral” rating and set a $15.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, September 20th. Bank of America reaffirmed a “buy” rating and set a $18.00 price target on shares of Advanced Micro Devices in a research report on Thursday, August 24th. Barclays reaffirmed an “underweight” rating and set a $9.00 price target on shares of Advanced Micro Devices in a research report on Thursday, August 10th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $11.12 price target (down from $19.00) on shares of Advanced Micro Devices in a research report on Friday, November 10th. Seven investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $14.02.

The company has a quick ratio of 1.20, a current ratio of 1.70 and a debt-to-equity ratio of 2.61.

Hedge funds have recently modified their holdings of the business. Bronfman E.L. Rothschild L.P. lifted its holdings in Advanced Micro Devices by 1,655.2% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock worth $111,000 after buying an additional 8,243 shares in the last quarter. First Personal Financial Services acquired a new position in Advanced Micro Devices in the 3rd quarter worth $127,000. 1492 Capital Management LLC acquired a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at about $128,000. Regal Investment Advisors LLC acquired a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at about $137,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at about $137,000. Hedge funds and other institutional investors own 60.02% of the company’s stock.

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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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