Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP Forrest Eugene Norrod sold 62,500 shares of the company’s stock in a transaction dated Monday, October 8th. The shares were sold at an average price of $27.14, for a total transaction of $1,696,250.00. Following the sale, the senior vice president now owns 930,790 shares of the company’s stock, valued at $25,261,640.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Forrest Eugene Norrod also recently made the following trade(s):

  • On Monday, September 17th, Forrest Eugene Norrod sold 62,500 shares of Advanced Micro Devices stock. The shares were sold at an average price of $32.51, for a total transaction of $2,031,875.00.
  • On Monday, July 30th, Forrest Eugene Norrod sold 62,500 shares of Advanced Micro Devices stock. The shares were sold at an average price of $19.49, for a total transaction of $1,218,125.00.

NASDAQ:AMD opened at $26.34 on Friday. Advanced Micro Devices, Inc. has a 12-month low of $9.04 and a 12-month high of $34.14. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.66 and a quick ratio of 1.26. The stock has a market capitalization of $30.11 billion, a P/E ratio of 316.25, a price-to-earnings-growth ratio of 6.00 and a beta of 3.10.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Wednesday, July 25th. The semiconductor manufacturer reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Advanced Micro Devices had a net margin of 5.04% and a return on equity of 52.84%. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the business posted $0.02 earnings per share. The company’s quarterly revenue was up 52.6% compared to the same quarter last year. Equities analysts predict that Advanced Micro Devices, Inc. will post 0.37 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Swedbank acquired a new position in Advanced Micro Devices in the third quarter worth about $152,865,000. State of Wisconsin Investment Board raised its position in Advanced Micro Devices by 7.4% in the second quarter. State of Wisconsin Investment Board now owns 1,061,554 shares of the semiconductor manufacturer’s stock worth $15,913,000 after purchasing an additional 73,081 shares in the last quarter. OmniStar Financial Group Inc. acquired a new position in Advanced Micro Devices in the second quarter worth about $316,000. Barometer Capital Management Inc. acquired a new position in Advanced Micro Devices in the third quarter worth about $3,265,000. Finally, Renaissance Technologies LLC raised its position in Advanced Micro Devices by 541.5% in the second quarter. Renaissance Technologies LLC now owns 7,427,326 shares of the semiconductor manufacturer’s stock worth $111,336,000 after purchasing an additional 6,269,500 shares in the last quarter. 65.96% of the stock is owned by hedge funds and other institutional investors.

AMD has been the subject of several research reports. Stifel Nicolaus increased their target price on shares of Advanced Micro Devices from $17.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, July 16th. Benchmark initiated coverage on shares of Advanced Micro Devices in a research note on Tuesday, June 26th. They issued a “hold” rating for the company. They noted that the move was a valuation call. BidaskClub upgraded shares of Advanced Micro Devices from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 15th. Royal Bank of Canada initiated coverage on shares of Advanced Micro Devices in a research note on Monday, September 24th. They issued an “outperform” rating and a $40.00 target price for the company. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $30.00 target price (up previously from $27.00) on shares of Advanced Micro Devices in a research note on Thursday, August 23rd. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $23.58.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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Insider Buying and Selling by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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