Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 0.1% Following Insider Selling

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s stock price was down 0.1% during mid-day trading on Monday following insider selling activity. The stock traded as low as $144.91 and last traded at $147.76. Approximately 8,776,968 shares changed hands during trading, a decline of 84% from the average daily volume of 55,871,395 shares. The stock had previously closed at $147.95.

Specifically, CEO Lisa T. Su sold 80,000 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $513,150,048.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AMD. Rosenblatt Securities reissued a "buy" rating and issued a $250.00 target price on shares of Advanced Micro Devices in a report on Monday, October 28th. Wedbush reaffirmed an "outperform" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Robert W. Baird reduced their price objective on Advanced Micro Devices from $200.00 to $175.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 31st. Edward Jones initiated coverage on Advanced Micro Devices in a report on Tuesday, August 20th. They issued a "buy" rating for the company. Finally, BNP Paribas upgraded Advanced Micro Devices to a "strong-buy" rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average target price of $192.79.

Advanced Micro Devices Stock Performance

The firm has a market cap of $239.12 billion, a price-to-earnings ratio of 132.75, a P/E/G ratio of 2.05 and a beta of 1.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The firm has a fifty day simple moving average of $154.44 and a two-hundred day simple moving average of $155.57.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the previous year, the firm earned $0.53 EPS. Advanced Micro Devices's revenue was up 17.6% compared to the same quarter last year. On average, analysts expect that Advanced Micro Devices, Inc. will post 2.53 EPS for the current year.

Institutional Trading of Advanced Micro Devices

A number of hedge funds and other institutional investors have recently made changes to their positions in AMD. Cherrydale Wealth Management LLC increased its position in Advanced Micro Devices by 4.7% during the 2nd quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer's stock worth $212,000 after purchasing an additional 58 shares during the period. Christopher J. Hasenberg Inc grew its holdings in Advanced Micro Devices by 12.0% during the third quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer's stock worth $97,000 after acquiring an additional 60 shares during the period. Delta Financial Group Inc. raised its position in Advanced Micro Devices by 5.0% in the second quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer's stock worth $215,000 after acquiring an additional 63 shares in the last quarter. Trivant Custom Portfolio Group LLC boosted its position in shares of Advanced Micro Devices by 0.3% during the 2nd quarter. Trivant Custom Portfolio Group LLC now owns 24,629 shares of the semiconductor manufacturer's stock worth $3,995,000 after purchasing an additional 65 shares in the last quarter. Finally, Wealth Effects LLC boosted its position in shares of Advanced Micro Devices by 0.7% during the 3rd quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer's stock worth $1,545,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds 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.