Advanced Micro Devices, Inc. (NASDAQ:AMD) CFO Devinder Kumar sold 99,207 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $11.45, for a total value of $1,135,920.15. Following the completion of the sale, the chief financial officer now owns 408,333 shares of the company’s stock, valued at approximately $4,675,412.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Devinder Kumar also recently made the following trade(s):
- On Monday, November 6th, Devinder Kumar sold 121,875 shares of Advanced Micro Devices stock. The shares were sold at an average price of $11.85, for a total value of $1,444,218.75.
- On Wednesday, August 23rd, Devinder Kumar sold 121,356 shares of Advanced Micro Devices stock. The shares were sold at an average price of $12.13, for a total value of $1,472,048.28.
Advanced Micro Devices, Inc. (AMD) traded up $0.06 during mid-day trading on Wednesday, hitting $11.40. 31,881,600 shares of the stock traded hands, compared to its average volume of 68,052,156. 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 1 year low of $8.26 and a 1 year high of $15.65.
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A number of analysts have weighed in on AMD shares. Bank of America Corporation restated a “buy” rating and set a $18.00 target price on shares of Advanced Micro Devices in a report on Tuesday, November 14th. Zacks Investment Research lowered Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Jefferies Group LLC reiterated a “buy” rating and set a $11.12 price objective (down previously from $19.00) on shares of Advanced Micro Devices in a report on Friday, November 10th. Morgan Stanley lowered Advanced Micro Devices from an “equal weight” rating to an “underweight” rating and increased their price objective for the company from $8.00 to $11.00 in a report on Monday, October 30th. Finally, TheStreet upgraded Advanced Micro Devices from a “d” rating to a “c-” rating in a report on Tuesday, October 24th. Six analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $14.05.
Institutional investors have recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. increased its holdings in 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 during the last quarter. First Personal Financial Services acquired a new position in shares of Advanced Micro Devices in the third quarter worth $127,000. K.J. Harrison & Partners Inc acquired a new position in shares of Advanced Micro Devices in the second quarter worth $125,000. 1492 Capital Management LLC acquired a new position in shares of Advanced Micro Devices in the third quarter worth $128,000. Finally, Cetera Investment Advisers acquired a new position in shares of Advanced Micro Devices in the third quarter worth $137,000. Hedge funds and other institutional investors own 60.87% of the company’s stock.
About Advanced Micro Devices
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.
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