Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $10.04, for a total value of $1,255,000.00. Following the sale, the chief executive officer now owns 1,994,862 shares of the company’s stock, valued at approximately $20,028,414.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Advanced Micro Devices, Inc. (NASDAQ AMD) opened at $10.29 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $9.42 and a 1 year 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. Vanguard Group Inc. lifted its position in shares of Advanced Micro Devices by 6.6% during the 2nd quarter. Vanguard Group Inc. now owns 93,092,619 shares of the semiconductor manufacturer’s stock valued at $1,161,796,000 after buying an additional 5,797,819 shares during the last quarter. Baillie Gifford & Co. bought a new stake in shares of Advanced Micro Devices during the 2nd quarter valued at $184,767,000. CI Investments Inc. raised its stake in shares of Advanced Micro Devices by 312.3% during the 3rd quarter. CI Investments Inc. now owns 7,322,893 shares of the semiconductor manufacturer’s stock valued at $93,367,000 after purchasing an additional 5,546,993 shares during the period. Legal & General Group Plc raised its stake in shares of Advanced Micro Devices by 2.9% during the 3rd quarter. Legal & General Group Plc now owns 4,041,764 shares of the semiconductor manufacturer’s stock valued at $51,531,000 after purchasing an additional 114,073 shares during the period. Finally, American Century Companies Inc. bought a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at $49,674,000. 60.13% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently issued reports on the company. Wells Fargo & Company reiterated an “outperform” rating on shares of Advanced Micro Devices in a report on Wednesday, August 23rd. Susquehanna Bancshares reiterated a “neutral” rating and set a $15.00 price target on shares of Advanced Micro Devices in a report on Wednesday, September 20th. BidaskClub downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. BMO Capital Markets reiterated a “hold” rating and set a $15.00 price target on shares of Advanced Micro Devices in a report on Wednesday, October 18th. Finally, Barclays upped their price target on Advanced Micro Devices from $9.00 to $10.00 and gave the stock an “underweight” rating in a report on Wednesday, October 4th. Six equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Advanced Micro Devices has a consensus rating of “Hold” and an average target price of $14.38.
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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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