Advanced Micro Devices, Inc. (AMD) CFO Sells $385,431.66 in Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) CFO Devinder Kumar sold 36,293 shares of the company’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $10.62, for a total transaction of $385,431.66. Following the transaction, the chief financial officer now owns 477,013 shares of the company’s stock, valued at approximately $5,065,878.06. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Devinder Kumar also recently made the following trade(s):

  • On Wednesday, November 29th, Devinder Kumar sold 113,519 shares of Advanced Micro Devices stock. The shares were sold at an average price of $11.04, for a total transaction of $1,253,249.76.
  • On Friday, November 17th, Devinder Kumar sold 99,207 shares of Advanced Micro Devices stock. The shares were sold at an average price of $11.45, for a total transaction of $1,135,920.15.
  • On Monday, November 6th, Devinder Kumar sold 121,875 shares of Advanced Micro Devices stock. The shares were sold at an average price of $11.85, for a total transaction of $1,444,218.75.

Shares of Advanced Micro Devices, Inc. (NASDAQ AMD) opened at $12.02 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.20 and a debt-to-equity ratio of 2.61. Advanced Micro Devices, Inc. has a 12 month low of $9.42 and a 12 month high of $15.65. The stock has a market cap of $11,712.66, a PE ratio of -133.56, a price-to-earnings-growth ratio of 6.33 and a beta of 2.47.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Advanced Micro Devices by 6.6% in the second 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 period. Baillie Gifford & Co. purchased a new position in Advanced Micro Devices in the second quarter valued at approximately $184,767,000. CI Investments Inc. raised its holdings in Advanced Micro Devices by 312.3% in the third quarter. CI Investments Inc. now owns 7,322,893 shares of the semiconductor manufacturer’s stock valued at $93,367,000 after buying an additional 5,546,993 shares during the period. Legal & General Group Plc raised its holdings in Advanced Micro Devices by 2.9% in the third quarter. Legal & General Group Plc now owns 4,041,764 shares of the semiconductor manufacturer’s stock valued at $51,531,000 after buying an additional 114,073 shares during the period. Finally, American Century Companies Inc. purchased a new position in Advanced Micro Devices in the third quarter valued at approximately $49,674,000. 60.09% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the stock. Loop Capital reiterated a “hold” rating and issued a $13.00 price target (down previously from $14.00) on shares of Advanced Micro Devices in a report on Wednesday, October 25th. Jefferies Group reiterated a “buy” rating and issued a $19.00 price target on shares of Advanced Micro Devices in a report on Wednesday, October 25th. BNP Paribas upgraded shares of Advanced Micro Devices from a “neutral” rating to an “outperform” rating in a report on Thursday, October 12th. BMO Capital Markets reiterated a “hold” rating and issued a $15.00 price target on shares of Advanced Micro Devices in a report on Wednesday, October 18th. Finally, Deutsche Bank reissued a “hold” rating and issued a $12.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, September 21st. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $14.73.

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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.

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

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