The SVP, CFO & Treas of Advanced Micro Devices (NASDAQ: AMD) is Buying Shares


Today, the SVP, CFO & Treas of Advanced Micro Devices (NASDAQ: AMD), Devinder Kumar, bought shares of AMD for $304.2K.

Following this transaction Devinder Kumar’s holding in the company was increased by 27.8% to a total of $4.74 million. This is Kumar’s first Buy trade following 3 Sell transactions.

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Based on Advanced Micro Devices’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.65 billion and quarterly net profit of $81 million. In comparison, last year the company earned revenue of $984 million and had a GAAP net loss of $73 million. AMD’s market cap is $11.25B and the company has a P/E ratio of 61.11. Currently, Advanced Micro Devices has an average volume of 48.87M.

30 different firms, including Argus Research and Barclays, currently also have a Buy rating on the stock. Based on 17 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $14.88, reflecting a -21.7% downside. AMD is a controversial stock, with 9 analysts recommending Buy, while 3 recommends selling the stock.

The insider sentiment on Advanced Micro Devices has been negative according to 82 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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