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 company’s stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $8.88, for a total transaction of $159,840.00. Following the completion of the sale, the senior vice president now owns 688,116 shares in the company, valued at approximately $6,110,470.08. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Advanced Micro Devices Inc. (NASDAQ:AMD) opened at 8.93 on Wednesday. The stock’s market cap is $8.28 billion. The firm has a 50-day moving average of $7.25 and a 200-day moving average of $6.16. Advanced Micro Devices Inc. has a 52-week low of $1.75 and a 52-week high of $9.22.
Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Thursday, October 20th. The semiconductor manufacturer reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 quarterly revenue was up 23.2% on a year-over-year basis. During the same period last year, the firm earned ($0.17) earnings per share. On average, equities analysts expect that Advanced Micro Devices Inc. will post ($0.15) EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on AMD shares. Canaccord Genuity restated a “buy” rating and issued a $8.50 target price on shares of Advanced Micro Devices in a research note on Monday, September 12th. Zacks Investment Research lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Friday, November 18th. MKM Partners increased their price objective on shares of Advanced Micro Devices from $8.00 to $10.50 and gave the stock a “buy” rating in a research note on Tuesday, November 22nd. Credit Suisse Group AG upgraded shares of Advanced Micro Devices from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $5.50 to $7.00 in a research note on Wednesday, October 12th. Finally, Barclays PLC assumed coverage on shares of Advanced Micro Devices in a research note on Friday, October 7th. They set an “equal weight” rating and a $7.00 price objective on the stock. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Advanced Micro Devices currently has a consensus rating of “Hold” and an average price target of $6.28.
Large investors have recently bought and sold shares of the company. BlackRock Japan Co. Ltd increased its stake in Advanced Micro Devices by 639.3% in the third quarter. BlackRock Japan Co. Ltd now owns 16,168 shares of the semiconductor manufacturer’s stock worth $112,000 after buying an additional 13,981 shares during the period. Neuberger Berman Group LLC acquired a new stake in Advanced Micro Devices during the second quarter worth $116,000. Falcon Point Capital LLC acquired a new stake in Advanced Micro Devices during the third quarter worth $121,000. Quantbot Technologies LP acquired a new stake in Advanced Micro Devices during the third quarter worth $123,000. Finally, Stevens Capital Management LP acquired a new stake in Advanced Micro Devices during the third quarter worth $127,000. 53.83% of the stock is owned by institutional investors and hedge funds.
Advanced Micro Devices Company Profile
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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