Insider Move From SEC: Reasons for Harry Wolin’s Shares Sale of Advanced Micro Devices, Inc. (NASDAQ:AMD)’s Stock

November 30, 2016 - By whatsonthorold

Insider Move From SEC: Reasons for Harry Wolin's Shares Sale of Advanced Micro Devices, Inc. (NASDAQ:AMD)'s Stock

Harry Wolin Insider Sell

Advanced Micro Devices Inc SVP & GC and an insider Harry Wolin in the last few days made a sale of 18,000 company shares having a value of $159,840 at the average stock price of $8.9. This is not his first insider trade, in the last 30 days, he unloaded another 174,665 shares worth $1,160,161 USD. Having been a very significant market stocks unloading at Advanced Micro Devices Inc, the chance that it remains unseen for long was obviously very low. Harry Wolin presently owns 688,116 shares which are about 0.07% of the California-Company’s total market capitalization.

Advanced Micro Devices, Inc. (NASDAQ:AMD) Ratings Coverage

Out of 11 analysts covering Advanced Micro (NASDAQ:AMD), 3 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 27% are positive. $10.50 is the highest target while $1.75 is the lowest. The $5.59 average target is -37.61% below today’s ($8.96) stock price. Advanced Micro has been the topic of 17 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The stock of Advanced Micro Devices, Inc. (NASDAQ:AMD) earned “Hold” rating by Canaccord Genuity on Thursday, June 16. The rating was maintained by Mizuho on Thursday, September 1 with “Neutral”. The stock of Advanced Micro Devices, Inc. (NASDAQ:AMD) has “Neutral” rating given on Wednesday, October 12 by Credit Suisse. The rating was downgraded by Bernstein on Friday, July 8 to “Underperform”. The firm earned “Sell” rating on Monday, March 21 by UBS. The firm earned “Underperform” rating on Friday, July 22 by Credit Suisse. The rating was initiated by Craig Hallum with “Hold” on Thursday, April 7. The company was maintained on Friday, July 22 by Mizuho. Topeka Capital Markets initiated the stock with “Hold” rating in Thursday, August 13 report. The firm has “Buy” rating given on Thursday, August 25 by Canaccord Genuity.

Insitutional Activity: The institutional sentiment increased to 2.16 in Q2 2016. Its up 0.02, from 2.14 in 2016Q1. The ratio is positive, as 20 funds sold all Advanced Micro Devices, Inc. shares owned while 43 reduced positions. 53 funds bought stakes while 82 increased positions. They now own 330.20 million shares or 3.85% more from 317.95 million shares in 2016Q1.

Bluecrest Cap Mgmt Limited accumulated 0.03% or 138,654 shares. Moreover, Fincl Architects Inc has 0% invested in Advanced Micro Devices, Inc. (NASDAQ:AMD) for 2,200 shares. Northern Corp, a Illinois-based fund reported 9.36 million shares. Laurion Mngmt Ltd Partnership holds 0.03% or 406,399 shares in its portfolio. Strs Ohio accumulated 0% or 118,100 shares. Renaissance Technologies Ltd Limited Liability Company holds 0.09% or 9.69 million shares in its portfolio. Springbok Capital Management Ltd Liability Co accumulated 126,690 shares or 0.09% of the stock. The New Jersey-based Princeton Alpha Ltd Partnership has invested 0.17% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Legal And General Group Inc Incorporated Public Limited accumulated 0% or 820,549 shares. Old Mutual Customised Solutions (Proprietary) Ltd holds 0.03% or 24,100 shares in its portfolio. Capstone Invest Advisors Ltd Liability Corp last reported 0% of its portfolio in the stock. The Michigan-based Ls Advisors Limited Liability Company has invested 0.01% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Moreover, Dynamic Cap has 0.02% invested in Advanced Micro Devices, Inc. (NASDAQ:AMD) for 41,506 shares. Tower Capital Ltd Liability Corporation (Trc) has 42,407 shares for 0.02% of their US portfolio. Rhumbline Advisers, a Massachusetts-based fund reported 1.24M shares.

Insider Transactions: Since June 2, 2016, the stock had 0 insider buys, and 9 insider sales for $13.80 million net activity. The insider WOLIN HARRY A sold $253,500. $1.79 million worth of Advanced Micro Devices, Inc. (NASDAQ:AMD) shares were sold by Papermaster Mark D. KUMAR DEVINDER had sold 312,469 shares worth $2.07M on Wednesday, November 2. The insider ANDERSON JAMES ROBERT sold 350,818 shares worth $2.63M. On Thursday, June 2 the insider SMITH DARLA M sold $43,730. Another trade for 224,306 shares valued at $1.49 million was made by Norrod Forrest Eugene on Wednesday, November 2. 665,414 shares with value of $4.40 million were sold by Su Lisa T on Wednesday, November 2.

About 54.82M shares traded hands or 13.92% up from the average. Advanced Micro Devices, Inc. (NASDAQ:AMD) has risen 141.26% since April 26, 2016 and is uptrending. It has outperformed by 136.00% the S&P500.

Advanced Micro Devices, Inc. is a global semiconductor company. The company has a market cap of $8.33 billion. The Firm is engaged in offering x86 microprocessors, as a standalone central processing unit or as incorporated into an accelerated processing unit (APU), chipsets, and discrete graphics processing units (GPUs) for the consumer, commercial and professional graphics markets, and server and embedded CPUs, GPUs and APUs, and semi-custom System-on-Chip (SoC) products and technology for game consoles. It currently has negative earnings. It operates in two divisions: the Computing and Graphics segment, which includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics, and the Enterprise, Embedded and Semi-Custom segment, which includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties.

According to Zacks Investment Research, “Advanced Micro Devices, Inc. is a world-class company with the innovation, execution, and vision to grow our leadership position in the industry. Today’s world-class companies share three essential characteristics. First, they deliver innovative products and technologies that customers want. Second, they have established a proven track record of fast, efficient manufacturing execution. And third, they have a bold vision of where to take their business, and often their industry. Over the course of AMD’s three decades in business, silicon and software have become the steel and plastic of the worldwide digital economy. Technology companies have become global pacesetters, making technical advances at a prodigious rate always driving the industry to deliver more and more, faster and faster. AMD’s dedication to customer-centric innovation and competitive spirit is an unbroken thread running from our early days in the integrated circuit business, through an ever-broadening product portfolio.”

Analysts await Advanced Micro Devices, Inc. (NASDAQ:AMD) to report earnings on January, 17. They expect $-0.04 EPS, up 66.67% or $0.08 from last year’s $-0.12 per share.

More notable recent Advanced Micro Devices, Inc. (NASDAQ:AMD) news were published by: Investorplace.com which released: “Trade of the Day: Advanced Micro Devices, Inc. (NASDAQ:AMD)” on November 29, 2016, also Fool.com with their article: “Better Buy: Advanced Micro Devices, Inc. vs. Intel Corp.” published on November 25, 2016, Profitconfidential.com published: “Advanced Micro Devices, Inc.: AMD Stock Move Could Be Big” on November 24, 2016. More interesting news about Advanced Micro Devices, Inc. (NASDAQ:AMD) were released by: Fool.com and their article: “Better Buy: Advanced Micro Devices, Inc. vs. NVIDIA” published on November 02, 2016 as well as Prnewswire.com‘s news article titled: “To All Persons who Purchased or Otherwise Acquired Shares of Advanced Micro ..” with publication date: November 21, 2016.

AMD Company Profile

Advanced Micro Devices, Inc., incorporated on May 1, 1969, is a global semiconductor company. The Firm is engaged in offering x86 microprocessors, as a standalone central processing unit (CPU) or as incorporated into an accelerated processing unit (APU), chipsets, and discrete graphics processing units (GPUs) for the consumer, commercial and professional graphics markets, and server and embedded CPUs, GPUs and APUs, and semi-custom System-on-Chip (SoC) products and technology for game consoles. The Firm operates in two divisions: the Computing and Graphics segment, which includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics, and the Enterprise, Embedded and Semi-Custom segment, which includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties.

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