Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Mark D. Papermaster sells 16,756 shares

Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction dated Monday, July 15. The shares were sold at an average price of $184.50, for a total of $3,091,482.00. Following the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Sales of advanced microdevices fell 10.2%

AMD stock opened at $159.43 on Thursday. The company’s 50-day average price was $164.21, and its 200-day average price was $167.90. The Advanced Micro Devices, Inc. stock’s 52-week low was $93.11, and its high was $227.30. The stock has a market capitalization of $257.69 billion, a price-to-earnings ratio of 234.46, a P/E/G ratio of 2.08, and a beta of 1.68. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64, and a current ratio of 1.92.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last announced its quarterly earnings data on Tuesday, April 30. The semiconductor maker reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company had revenue of $5.47 billion for the quarter, compared to analysts’ estimates of $5.48 billion. During the same period last year, the company earned $0.43 earnings per share. The company’s quarterly revenue increased by 2.2% compared to the same quarter last year. Analysts expect Advanced Micro Devices, Inc. to report 2.6 earnings per share for the current fiscal year.

Institutional inflows and outflows

Several hedge funds and other institutional investors have recently added to or reduced their holdings in AMD. Norges Bank bought a new position in Advanced Micro Devices in the fourth quarter worth approximately $3,426,529,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Advanced Micro Devices by 813.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,647,457 shares of the semiconductor maker’s stock valued at $685,089,000 after acquiring an additional 4,138,612 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Advanced Micro Devices by 15,896.5% in the fourth quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock worth $550,935,000 after purchasing an additional 3,714,069 shares during the period. Capital World Investors increased its holdings in shares of Advanced Micro Devices by 176.9% in the 4th quarter. Capital World Investors now owns 4,668,542 shares of the semiconductor manufacturer’s stock worth $688,190,000 after purchasing an additional 2,982,704 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Advanced Micro Devices by 10.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock worth $4,079,674,000 after purchasing an additional 2,553,392 shares during the period. 71.34% of shares are currently held by institutional investors.

Wall Street analysts assess

AMD has been the subject of multiple research analyst reports. Evercore ISI lowered their price objective for Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the stock in a research note on Wednesday, May 1. Mizuho lowered their price objective for Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating for the stock in a research note on Wednesday, May 1. Piper Sandler reaffirmed an “overweight” rating and issued a $175.00 price target (down from $195.00) for shares of Advanced Micro Devices in a research note on Wednesday, May 1. Cantor Fitzgerald raised their price objective for Advanced Micro Devices from $170.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” and raised their price target for the company from $180.00 to $225.00 in a research note on Tuesday, April 16. One analyst rated the stock a sell, three have rated it a “hold,” and twenty-seven have rated it a “buy.” The company currently has a consensus rating of “Moderate Buy” and an average price target of $193.47, based on data from MarketBeat.com.

See our latest research report on advanced microdevices

About Advanced Micro Devices

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Advanced Micro Devices, Inc. operates as a global semiconductor company. 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, as well as semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technologies, data processing units, field programmable gate arrays (FPGAs), and adaptive SoC products.

Sales of advanced microdevices fell 10.2%

Institutional inflows and outflows

Wall Street analysts assess

About Advanced Micro Devices

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