Advanced Micro Devices (NASDAQ:AMD) Shares Down 0.9% on Insider Selling

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price fell 0.9% during trading on Friday following insider selling activity. The stock traded as low as $86.52 and last traded at $87.50. 34,685,670 shares were traded during mid-day trading, a decline of 20% from the average session volume of 43,168,875 shares. The stock had previously closed at $88.29.

Specifically, EVP Mark D. Papermaster sold 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the sale, the executive vice president now directly owns 1,713,710 shares of the company’s stock, valued at $163,607,893.70. The trade was a 1.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wells Fargo & Company lowered their price objective on Advanced Micro Devices from $140.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday. Roth Capital set a $140.00 price target on Advanced Micro Devices in a research report on Wednesday, February 5th. Evercore ISI cut their price objective on shares of Advanced Micro Devices from $147.00 to $126.00 and set an “outperform” rating on the stock in a research report on Thursday. DZ Bank cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a report on Friday, February 7th. Finally, Citigroup reiterated a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $144.90.

Advanced Micro Devices Price Performance

The stock has a market capitalization of $141.42 billion, a PE ratio of 88.38, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. The firm has a 50 day moving average price of $101.40 and a 200 day moving average price of $124.05. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bear Mountain Capital Inc. purchased a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $25,000. Global Wealth Strategies & Associates bought a new stake in Advanced Micro Devices in the 4th quarter worth approximately $26,000. Greenline Partners LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $28,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $29,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at $30,000. 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.