Advanced Micro Devices (AMD) Bonds Trading 1% Lower Insider Trade

An issue of Advanced Micro Devices, Inc. (NASDAQ:AMD) debt fell 1% as a percentage of its face value during trading on Monday following insider selling activity. The high-yield issue of debt has a 7.5% coupon and is set to mature on August 15, 2022. The debt is now trading at $110.25. Price changes in a company’s debt in credit markets sometimes anticipate parallel changes in its stock price. Specifically, CAO Darla M. Smith sold 18,001 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $11.37, for a total value of $204,671.37. Following the completion of the sale, the chief accounting officer now directly owns 19,078 shares in the company, valued at $216,916.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Harry A. Wolin sold 18,967 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $10.62, for a total value of $201,429.54. Following the completion of the sale, the senior vice president now owns 975,517 shares of the company’s stock, valued at $10,359,990.54. The disclosure for this sale can be found here. Insiders sold a total of 1,394,403 shares of company stock valued at $15,657,609 over the last three months. Corporate insiders own 1.60% of the company’s stock.

AMD has been the subject of a number of research analyst reports. Canaccord Genuity restated a “buy” rating and issued a $20.00 target price on shares of Advanced Micro Devices in a research report on Friday, September 8th. Jefferies Group restated a “buy” rating and issued a $19.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, September 12th. Susquehanna Bancshares restated a “neutral” rating and issued a $15.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, September 20th. Rosenblatt Securities restated a “buy” rating and issued a $22.00 target price on shares of Advanced Micro Devices in a research report on Thursday, September 21st. Finally, Deutsche Bank restated a “hold” rating and issued a $12.00 target price on shares of Advanced Micro Devices in a research report on Thursday, September 21st. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $14.73.

The firm has a market capitalization of $10,178.63, a PE ratio of -114.22, a P/E/G ratio of 81.68 and a beta of 2.46. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.20 and a current ratio of 1.70.

Several large investors have recently made changes to their positions in the company. Belpointe Asset Management LLC purchased a new stake in shares of Advanced Micro Devices in the third quarter valued at $945,000. Cetera Investment Advisers purchased a new stake in shares of Advanced Micro Devices in the third quarter valued at $137,000. Independent Advisor Alliance purchased a new stake in shares of Advanced Micro Devices in the third quarter valued at $215,000. Neuberger Berman Group LLC lifted its holdings in shares of Advanced Micro Devices by 8.8% in the third quarter. Neuberger Berman Group LLC now owns 76,294 shares of the semiconductor manufacturer’s stock valued at $973,000 after purchasing an additional 6,181 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of Advanced Micro Devices by 4.8% in the third quarter. California Public Employees Retirement System now owns 1,522,529 shares of the semiconductor manufacturer’s stock valued at $19,412,000 after purchasing an additional 69,729 shares in the last quarter. Institutional investors own 60.09% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Advanced Micro Devices (AMD) Bonds Trading 1% Lower Insider Trade” was originally reported by Week Herald and is the sole property of of Week Herald. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://weekherald.com/2017/12/18/advanced-micro-devices-amd-bonds-trading-1-lower-insider-trade.html.

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.

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply