Today, the Chief Technology Officer & SVP of Advanced Micro Devices (NYSE: AMD), Mark Papermaster, sold shares of AMD for $4.63M.
Following Mark Papermaster’s last AMD Sell transaction on November 17, 2016, the stock climbed by 10.9%. In addition to Mark Papermaster, one other AMD executive reported Sell trades in the last month.
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Based on Advanced Micro Devices’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.76 billion and quarterly net profit of $116 million. In comparison, last year the company earned revenue of $1.22 billion and had a GAAP net loss of $16 million. AMD’s market cap is $18.85B and the company has a P/E ratio of 60.41. Currently, Advanced Micro Devices has an average volume of 60.49M.
17 different firms, including Barclays and Bernstein, currently also have a Sell rating on the stock. Based on 20 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $19.18, reflecting a 3.1% upside.
The insider sentiment on Advanced Micro Devices has been negative according to 84 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Advanced Micro Devices, Inc. engages in the provision of semiconductor businesses. It operates through the Computing and Graphics; and Enterprise, Embedded and Semi-Custom segments. The Computing and Graphics segment includes desktop and notebook processors and chipsets, and discrete and integrated graphics processing units.
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