Advanced Micro Devices (NASDAQ:AMD) Director Nora Denzel Sells 8,626 Shares

Advanced Micro Devices, Inc. (NASDAQ:AMDGet Free Report) Director Nora Denzel sold 8,626 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the completion of the sale, the director owned 87,173 shares of the company’s stock, valued at approximately $45,504,306. This trade represents a 9.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Nora Denzel also recently made the following trade(s):

  • On Friday, May 29th, Nora Denzel sold 1,821 shares of Advanced Micro Devices stock. The shares were sold at an average price of $522.00, for a total transaction of $950,562.00.

Advanced Micro Devices Trading Up 2.2%

NASDAQ:AMD opened at $521.54 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72. The firm has a market cap of $850.42 billion, a price-to-earnings ratio of 171.00, a price-to-earnings-growth ratio of 1.50 and a beta of 2.50. Advanced Micro Devices, Inc. has a 52 week low of $113.28 and a 52 week high of $527.20. The firm has a 50-day moving average price of $333.88 and a two-hundred day moving average price of $257.70.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, beating the consensus estimate of $1.29 by $0.08. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The company’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same quarter last year, the business posted $0.96 EPS. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current fiscal year.

More Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AMD. Joseph Group Capital Management bought a new position in Advanced Micro Devices in the 4th quarter valued at $25,000. Koesten Hirschmann & Crabtree INC. boosted its holdings in Advanced Micro Devices by 61.0% in the 3rd quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 61 shares during the period. Sarver Vrooman Wealth Advisors bought a new position in Advanced Micro Devices in the 4th quarter valued at $27,000. Cornerstone Financial Management LLC bought a new position in Advanced Micro Devices in the 4th quarter valued at $27,000. Finally, Basepoint Wealth LLC bought a new position in Advanced Micro Devices in the 4th quarter valued at $30,000. 71.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AMD has been the subject of several research analyst reports. Raymond James Financial initiated coverage on shares of Advanced Micro Devices in a research note on Wednesday, May 6th. They set a “market perform” rating for the company. Erste Group Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Susquehanna raised their price target on shares of Advanced Micro Devices from $375.00 to $450.00 and gave the stock a “positive” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. raised their price target on shares of Advanced Micro Devices from $270.00 to $385.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, Stifel Nicolaus raised their price target on shares of Advanced Micro Devices from $320.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus target price of $419.86.

Get Our Latest Analysis on Advanced Micro Devices

Advanced Micro Devices Company Profile

(Get Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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

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