Advanced Micro Devices, Inc. (AMD) Insider Sells $2,097,450.40 in Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) insider Mark D. Papermaster sold 173,630 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $12.08, for a total value of $2,097,450.40. Following the completion of the sale, the insider now directly owns 1,331,579 shares of the company’s stock, valued at approximately $16,085,474.32. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Advanced Micro Devices, Inc. (AMD) opened at $12.59 on Friday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.20 and a current ratio of 1.70. Advanced Micro Devices, Inc. has a fifty-two week low of $9.67 and a fifty-two week high of $15.65.

Several hedge funds have recently modified their holdings of AMD. Bronfman E.L. Rothschild L.P. increased its stake in shares of Advanced Micro Devices by 1,655.2% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock valued at $111,000 after purchasing an additional 8,243 shares in the last quarter. First Personal Financial Services purchased a new position in shares of Advanced Micro Devices in the 3rd quarter valued at about $127,000. 1492 Capital Management LLC purchased a new position in shares of Advanced Micro Devices in the 3rd quarter valued at about $128,000. Cetera Investment Advisers purchased a new position in shares of Advanced Micro Devices in the 3rd quarter valued at about $137,000. Finally, Ausdal Financial Partners Inc. purchased a new position in shares of Advanced Micro Devices in the 3rd quarter valued at about $139,000. 60.09% of the stock is owned by institutional investors and hedge funds.

AMD has been the subject of a number of research reports. Jefferies Group reaffirmed a “buy” rating and set a $19.00 price target on shares of Advanced Micro Devices in a research report on Friday, November 10th. Bank of America reaffirmed a “buy” rating on shares of Advanced Micro Devices in a research report on Sunday, October 1st. Zacks Investment Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Friday, October 27th. Mizuho reaffirmed a “buy” rating and set a $17.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, November 28th. Finally, Vetr cut Advanced Micro Devices from a “strong-buy” rating to a “buy” rating and set a $13.85 price target for the company. in a research report on Friday. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $14.56.

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Advanced Micro Devices Company Profile

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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