Advanced Micro Devices (NASDAQ:AMD) CEO Lisa Su Sells 125,000 Shares

Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Lisa Su sold 125,000 shares of Advanced Micro Devices stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $215.14, for a total transaction of $26,892,500.00. Following the completion of the sale, the chief executive officer directly owned 3,277,476 shares of the company’s stock, valued at approximately $705,116,186.64. This trade represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Advanced Micro Devices Stock Down 4.8%

Shares of AMD traded down $10.65 during trading hours on Friday, hitting $210.78. The stock had a trading volume of 36,600,457 shares, compared to its average volume of 49,351,637. The firm has a 50 day simple moving average of $230.19 and a 200-day simple moving average of $178.42. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $267.08. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 1.68. The firm has a market capitalization of $343.16 billion, a P/E ratio of 104.35, a price-to-earnings-growth ratio of 1.64 and a beta of 1.93.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.03. The firm had revenue of $9.25 billion for the quarter, compared to the consensus estimate of $8.76 billion. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. The business’s revenue was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 earnings per share. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMD has been the topic of several recent analyst reports. Wedbush restated an “outperform” rating and set a $290.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Mizuho boosted their price target on shares of Advanced Micro Devices from $275.00 to $285.00 and gave the stock an “outperform” rating in a report on Wednesday, November 12th. Truist Financial restated a “buy” rating and issued a $279.00 target price (up previously from $273.00) on shares of Advanced Micro Devices in a research note on Wednesday, November 5th. Susquehanna reaffirmed a “positive” rating and set a $300.00 target price on shares of Advanced Micro Devices in a research report on Friday, October 31st. Finally, Bank of America reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $278.54.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AMD. ORG Wealth Partners LLC lifted its position in Advanced Micro Devices by 39.7% in the third quarter. ORG Wealth Partners LLC now owns 162 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 46 shares during the last quarter. Koesten Hirschmann & Crabtree INC. grew its holdings in shares of Advanced Micro Devices by 61.0% in the third quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 61 shares during the last quarter. Pinney & Scofield Inc. increased its stake in shares of Advanced Micro Devices by 81.0% in the second quarter. Pinney & Scofield Inc. now owns 190 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 85 shares during the period. Dogwood Wealth Management LLC raised its holdings in Advanced Micro Devices by 2,311.1% during the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock valued at $30,000 after buying an additional 208 shares during the last quarter. Finally, Avion Wealth raised its holdings in Advanced Micro Devices by 49.3% during the 2nd quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock valued at $30,000 after buying an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.