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.
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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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