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

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s stock price dropped 0.9% on Friday following insider selling activity. The company traded as low as $86.52 and last traded at $87.50. Approximately 34,685,670 shares traded 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 Advanced Micro Devices stock in a transaction dated 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 transaction, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. The trade was a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Evercore ISI reduced their price target on Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating on the stock in a research report on Thursday. Jefferies Financial Group lowered shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and lowered their price target for the company from $135.00 to $120.00 in a report on Thursday, March 27th. Stifel Nicolaus cut their price target on shares of Advanced Micro Devices from $200.00 to $162.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. Mizuho decreased their price objective on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "outperform" rating on the stock in a research report on Friday, March 14th. Finally, TD Cowen dropped their target price on shares of Advanced Micro Devices from $135.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $144.90.

Advanced Micro Devices Stock Down 0.9 %

The company has a market capitalization of $141.42 billion, a PE ratio of 88.38, a P/E/G ratio of 1.11 and a beta of 1.89. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The company's 50-day moving average is $100.93 and its 200 day moving average is $123.02.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 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%. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Institutional Trading of Advanced Micro Devices

A number of institutional investors and hedge funds have recently modified their holdings of AMD. KLP Kapitalforvaltning AS purchased a new position in Advanced Micro Devices in the 4th quarter worth about $65,897,000. Enzi Wealth bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth approximately $569,000. Welch Group LLC lifted its position in Advanced Micro Devices by 6.3% during the fourth quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer's stock valued at $6,179,000 after purchasing an additional 2,981 shares during the period. Stonegate Investment Group LLC lifted its position in Advanced Micro Devices by 39.5% during the fourth quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer's stock valued at $61,896,000 after purchasing an additional 145,067 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in Advanced Micro Devices by 19.8% in the fourth quarter. Nordea Investment Management AB now owns 1,748,872 shares of the semiconductor manufacturer's stock worth $212,943,000 after purchasing an additional 289,110 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Company Profile

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.