Advanced Micro Devices, Inc. (NASDAQ:AMD) CFO Devinder Kumar sold 117,120 shares of Advanced Micro Devices stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $12.08, for a total value of $1,414,809.60. Following the completion of the transaction, the chief financial officer now directly owns 698,313 shares in the company, valued at $8,435,621.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Devinder Kumar also recently made the following trade(s):

  • On Wednesday, December 27th, Devinder Kumar sold 36,293 shares of Advanced Micro Devices stock. The shares were sold at an average price of $10.62, for a total value of $385,431.66.
  • On Wednesday, November 29th, Devinder Kumar sold 113,519 shares of Advanced Micro Devices stock. The shares were sold at an average price of $11.04, for a total value of $1,253,249.76.
  • On Friday, November 17th, Devinder Kumar sold 99,207 shares of Advanced Micro Devices stock. The shares were sold at an average price of $11.45, for a total value of $1,135,920.15.
  • On Monday, November 6th, Devinder Kumar sold 121,875 shares of Advanced Micro Devices stock. The shares were sold at an average price of $11.85, for a total value of $1,444,218.75.

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) opened at $12.47 on Friday. Advanced Micro Devices, Inc. has a twelve month low of $9.67 and a twelve month high of $15.65. The company has a current ratio of 1.70, a quick ratio of 1.20 and a debt-to-equity ratio of 2.61.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Neuberger Berman Group LLC boosted its position in Advanced Micro Devices by 0.4% during the 2nd quarter. Neuberger Berman Group LLC now owns 70,113 shares of the semiconductor manufacturer’s stock valued at $875,000 after purchasing an additional 272 shares during the period. Private Advisor Group LLC boosted its position in Advanced Micro Devices by 32.4% during the 2nd quarter. Private Advisor Group LLC now owns 16,928 shares of the semiconductor manufacturer’s stock valued at $234,000 after purchasing an additional 4,141 shares during the period. Systematic Financial Management LP acquired a new position in Advanced Micro Devices during the 2nd quarter valued at approximately $1,016,000. Northwestern Mutual Wealth Management Co. boosted its position in Advanced Micro Devices by 408.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 18,730 shares of the semiconductor manufacturer’s stock valued at $234,000 after purchasing an additional 15,044 shares during the period. Finally, Riverhead Capital Management LLC boosted its position in Advanced Micro Devices by 251.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 30,192 shares of the semiconductor manufacturer’s stock valued at $377,000 after purchasing an additional 21,592 shares during the period. Institutional investors and hedge funds own 60.09% of the company’s stock.

Several equities analysts have recently weighed in on the company. Vetr lowered Advanced Micro Devices from a “strong-buy” rating to a “buy” rating and set a $13.85 price objective on the stock. in a research note on Friday. Susquehanna Bancshares reduced their price objective on Advanced Micro Devices from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday. BidaskClub raised Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Friday, January 5th. Macquarie upgraded Advanced Micro Devices from an “underperform” rating to a “neutral” rating and raised their target price for the company from $10.29 to $10.47 in a report on Monday, December 18th. Finally, Goldman Sachs Group dropped their target price on Advanced Micro Devices from $11.40 to $10.40 and set a “sell” rating on the stock in a report on Wednesday, November 29th. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.56.

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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.

Insider Buying and Selling by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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