Investors purchased shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) on weakness during trading on Thursday. $2,375.06 million flowed into the stock on the tick-up and $2,342.95 million flowed out of the stock on the tick-down, for a money net flow of $32.11 million into the stock. Of all equities tracked, Advanced Micro Devices had the 12th highest net in-flow for the day. Advanced Micro Devices traded down ($1.73) for the day and closed at $30.48
AMD has been the subject of several research analyst reports. Rosenblatt Securities increased their target price on Advanced Micro Devices from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday. BidaskClub lowered Advanced Micro Devices from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 19th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $30.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, September 4th. Stifel Nicolaus reissued a “buy” rating on shares of Advanced Micro Devices in a report on Thursday, July 26th. Finally, Bank of America raised their price target on Advanced Micro Devices from $17.00 to $20.00 and gave the company a “buy” rating in a report on Monday, June 25th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Advanced Micro Devices currently has an average rating of “Hold” and an average target price of $19.02.
The company has a quick ratio of 1.26, a current ratio of 1.66 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $31.40 billion, a P/E ratio of 409.00, a price-to-earnings-growth ratio of 6.32 and a beta of 3.16.
In related news, insider Mark D. Papermaster sold 20,066 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $19.14, for a total value of $384,063.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP James Robert Anderson sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, June 22nd. The shares were sold at an average price of $15.70, for a total value of $1,177,500.00. Following the completion of the transaction, the senior vice president now owns 310,396 shares in the company, valued at approximately $4,873,217.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,033,429 shares of company stock valued at $486,941,396. Corporate insiders own 1.80% of the company’s stock.
A number of large investors have recently made changes to their positions in AMD. Coldstream Capital Management Inc. boosted its position in Advanced Micro Devices by 22.1% during the first quarter. Coldstream Capital Management Inc. now owns 22,570 shares of the semiconductor manufacturer’s stock valued at $227,000 after buying an additional 4,085 shares during the period. First Allied Advisory Services Inc. raised its stake in Advanced Micro Devices by 17.3% in the second quarter. First Allied Advisory Services Inc. now owns 27,985 shares of the semiconductor manufacturer’s stock worth $415,000 after buying an additional 4,126 shares in the last quarter. Cornerstone Wealth Management LLC bought a new position in shares of Advanced Micro Devices during the second quarter valued at approximately $275,000. CIBC Asset Management Inc increased its position in shares of Advanced Micro Devices by 5.6% during the second quarter. CIBC Asset Management Inc now owns 82,559 shares of the semiconductor manufacturer’s stock valued at $1,238,000 after acquiring an additional 4,344 shares in the last quarter. Finally, Thompson Davis & CO. Inc. increased its position in shares of Advanced Micro Devices by 59.3% during the second quarter. Thompson Davis & CO. Inc. now owns 11,750 shares of the semiconductor manufacturer’s stock valued at $176,000 after acquiring an additional 4,375 shares in the last quarter. Institutional investors own 65.99% of the company’s stock.
About Advanced Micro Devices (NASDAQ:AMD)
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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