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

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) were down 0.9% during mid-day trading on Friday following insider selling activity. The stock traded as low as $86.52 and last traded at $87.50. Approximately 34,685,670 shares changed hands during trading, a decline of 20% from the average daily 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 stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. This represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, March 26th. Hsbc Global Res lowered Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Piper Sandler reissued an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. UBS Group dropped their price target on Advanced Micro Devices from $175.00 to $155.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Melius Research reiterated a “hold” rating and issued a $129.00 price objective (down previously from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $144.90.

Advanced Micro Devices Stock Performance

The firm has a fifty day moving average of $100.93 and a 200-day moving average of $123.30. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $141.42 billion, a price-to-earnings ratio of 88.38, a PEG ratio of 1.11 and a beta of 1.89.

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

Institutional Trading of Advanced Micro Devices

Several large investors have recently modified their holdings of AMD. Broderick Brian C grew its holdings in Advanced Micro Devices by 0.3% during the 1st quarter. Broderick Brian C now owns 113,672 shares of the semiconductor manufacturer’s stock valued at $11,679,000 after buying an additional 296 shares during the last quarter. Cornerstone Wealth Management LLC raised its stake in Advanced Micro Devices by 2.4% in the 1st quarter. Cornerstone Wealth Management LLC now owns 10,270 shares of the semiconductor manufacturer’s stock valued at $1,055,000 after purchasing an additional 241 shares during the last quarter. Bender Robert & Associates boosted its stake in shares of Advanced Micro Devices by 5.2% during the 1st quarter. Bender Robert & Associates now owns 65,395 shares of the semiconductor manufacturer’s stock worth $6,719,000 after purchasing an additional 3,219 shares during the last quarter. Hemenway Trust Co LLC raised its position in shares of Advanced Micro Devices by 2.4% in the first quarter. Hemenway Trust Co LLC now owns 262,889 shares of the semiconductor manufacturer’s stock valued at $27,009,000 after buying an additional 6,283 shares during the last quarter. Finally, GSB Wealth Management LLC boosted its position in Advanced Micro Devices by 28.6% during the first quarter. GSB Wealth Management LLC now owns 35,463 shares of the semiconductor manufacturer’s stock worth $3,643,000 after acquiring an additional 7,891 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.