The SVP, GC & Corporate Secretary of Advanced Micro Devices is Exercising Options

By Carrie Williams

Today it was reported that the SVP, GC & Corporate Secretary of Advanced Micro Devices (NASDAQ: AMD), Harry Wolin, exercised options to sell 391,046 AMD shares at $4.88 a share, for a total transaction value of $9.68M.

Following Harry Wolin’s last AMD Sell transaction on June 05, 2018, the stock climbed by 10.0%. In addition to Harry Wolin, 2 other AMD executives 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 $24.27B and the company has a P/E ratio of 77.78. Currently, Advanced Micro Devices has an average volume of 64.9M.

Based on 21 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $19.39, reflecting a -23.0% downside.

The insider sentiment on Advanced Micro Devices has been negative according to 83 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.