Advanced Micro Devices, Inc. (NASDAQ:AMD) insider Mark D. Papermaster sold 173,630 shares of Advanced Micro Devices stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $12.08, for a total value of $2,097,450.40. Following the completion of the transaction, the insider now owns 1,331,579 shares of the company’s stock, valued at approximately $16,085,474.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) opened at $12.59 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.20 and a debt-to-equity ratio of 2.61. Advanced Micro Devices, Inc. has a 52-week low of $9.67 and a 52-week high of $15.65.
Several equities research analysts have commented on AMD shares. Vetr lowered Advanced Micro Devices from a “strong-buy” rating to a “buy” rating and set a $13.85 price objective for the company. in a research note on Friday. Susquehanna Bancshares cut their price objective on Advanced Micro Devices from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday. BMO Capital Markets reiterated a “hold” rating and set a $15.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 18th. Loop Capital reiterated a “hold” rating and set a $13.00 price objective (down from $14.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 25th. Finally, BidaskClub upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Friday, January 5th. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $14.56.
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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