AMD Insider Victor Peng Sells 100,000 Company Shares

On February 2nd, Victor Peng, an insider at Advanced Micro Devices, Inc. (NASDAQ:AMD), sold 100,000 shares of the company. The shares were sold at an average price of $175.11, netting a total of $17,511,000. Post-transaction, Peng's holdings in AMD are now 241,266 shares, valued at roughly $42.25 million. This significant trading activity was publicly disclosed through a filing with the SEC.

AMD's Stock Market Performance

AMD's stock price stood at $170.94 on the market close the day before the disclosure. The tech firm holds a solid financial position with a quick ratio of 1.86, a current ratio of 2.51, and a minimal debt-to-equity ratio of 0.03. Sporting a market cap of $276.20 billion and a high P/E ratio of 328.74, the company also shows a PEG ratio of 2.59 and a beta of 1.63. Its 50-day and 200-day moving averages are $148.97 and $122.53, respectively. AMD's 52-week price range has seen a low of $75.92 and a high of $184.92.

In its recent quarterly earnings report, AMD announced earnings per share (EPS) of $0.77, aligning with analyst expectations. With revenues rising 10.2% year-over-year to $6.17 billion, the company's net margin stood at 3.77% and return on equity at 5.73%. For the current fiscal year, analysts predict an EPS of 2.7 for AMD.

Analyst Opinions on AMD

AMD has recently been the focus of various analyst reports. Melius Research upgraded AMD from a 'hold' to a 'buy', and Barclays increased their price target, rating the company as 'overweight'. Cantor Fitzgerald reiterated an 'overweight' rating with a $190 price target. Similarly, Mizuho and TD Cowen raised their price targets, both maintaining a 'buy' rating. With these evaluations, AMD possesses an average 'Moderate Buy' rating and a consensus target price of $177.88, according to MarketBeat.

Hedge Fund Movements with AMD

Hedge funds and other institutional investors have been active with AMD shares. Vanguard Group increased its AMD stake by 0.8%, while State Street Corp saw a 1.7% rise in holdings. Geode Capital Management and Fisher Asset Management upped their shares by 2.6% and 2.2%, respectively. Jennison Associates also boosted their stake by 5.9%. Collectively, institutional investments indicate significant confidence in AMD's market position.

About Advanced Micro Devices

Advanced Micro Devices operates globally within the semiconductor industry, with product offerings across Data Center, Client, Gaming, and Embedded segments. AMD is known for its x86 microprocessors, GPUs, and chips for various technologies including server and embedded systems, with a focus on innovation in these areas.

Insider, Selling, Shares