Advanced Micro Devices #(AMD) Bonds #Trading 0.6% Lower #Insider Trade

An issue of Advanced Micro Devices, Inc. (NASDAQ:AMD) debt fell 0.6% as a percentage of its face value during trading on Monday after an insider sold shares in the company. The high-yield debt issue has a 7.5% coupon and is set to mature on August 15, 2022. The bonds in the issue are now trading at $112.13 and were trading at $112.72 one week ago. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its stock price. Specifically, SVP James Robert Anderson sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $13.26, for a total transaction of $265,200.00. Following the completion of the sale, the senior vice president now owns 513,773 shares in the company, valued at $6,812,629.98. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Forrest Eugene Norrod sold 62,500 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $12.27, for a total value of $766,875.00. Following the sale, the senior vice president now owns 731,461 shares of the company’s stock, valued at approximately $8,975,026.47.  Over the last quarter, insiders sold 1,274,783 shares of company stock valued at $15,346,419. 1.60% of the stock is currently owned by corporate insiders.

Several equities research analysts have recently commented on the company. Susquehanna Bancshares restated a “neutral” rating and set a $15.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, September 20th. Bank of America restated a “buy” rating and set a $18.00 price objective on shares of Advanced Micro Devices in a report on Thursday, August 24th. Barclays restated an “underweight” rating and set a $9.00 price objective on shares of Advanced Micro Devices in a report on Thursday, August 10th. Jefferies Group restated 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. Finally, Loop Capital restated a “hold” rating and set a $13.00 price objective (down previously from $14.00) on shares of Advanced Micro Devices in a report on Wednesday, October 25th. Six research analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Advanced Micro Devices has a consensus rating of “Hold” and an average price target of $14.02.

The company has a debt-to-equity ratio of 2.61, a current ratio of 1.70 and a quick ratio of 1.20.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Coldstream Capital Management Inc. lifted its position in shares of Advanced Micro Devices by 0.3% during the 2nd quarter. Coldstream Capital Management Inc. now owns 20,735 shares of the semiconductor manufacturer’s stock valued at $259,000 after buying an additional 60 shares during the last quarter. Wealthfront Inc. lifted its position in shares of Advanced Micro Devices by 0.5% during the 2nd quarter. Wealthfront Inc. now owns 20,050 shares of the semiconductor manufacturer’s stock valued at $250,000 after buying an additional 104 shares during the last quarter. Neuberger Berman Group LLC lifted its position in shares of Advanced Micro Devices by 0.4% during the 2nd quarter. Neuberger Berman Group LLC now owns 70,113 shares of the semiconductor manufacturer’s stock valued at $875,000 after buying an additional 272 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Advanced Micro Devices by 0.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 57,571 shares of the semiconductor manufacturer’s stock valued at $718,000 after buying an additional 348 shares during the last quarter. Finally, National Planning Corp lifted its position in shares of Advanced Micro Devices by 4.9% during the 2nd quarter. National Planning Corp now owns 12,890 shares of the semiconductor manufacturer’s stock valued at $157,000 after buying an additional 600 shares during the last quarter. 60.02% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Company Profile

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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