Insider Selling: Advanced Micro Devices (AMD) SVP Sells 62,500 Shares of Stock

Advanced Micro Devices (NASDAQ:AMD) SVP Forrest Eugene Norrod sold 62,500 shares of the business’s stock in a transaction dated Monday, April 30th. The stock was sold at an average price of $11.02, for a total transaction of $688,750.00. Following the sale, the senior vice president now directly owns 693,772 shares in the company, valued at $7,645,367.44. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

  • On Monday, February 12th, Forrest Eugene Norrod sold 62,500 shares of Advanced Micro Devices stock. The shares were sold at an average price of $11.58, for a total transaction of $723,750.00.

Advanced Micro Devices opened at $12.82 on Friday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.20 and a current ratio of 1.62. Advanced Micro Devices has a fifty-two week low of $12.61 and a fifty-two week high of $12.98. The stock has a market cap of $12.43 billion, a P/E ratio of 61.05, a PEG ratio of 4.65 and a beta of 2.84.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Wednesday, April 25th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Advanced Micro Devices had a net margin of 3.29% and a return on equity of 41.01%. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. equities research analysts predict that Advanced Micro Devices will post 0.36 EPS for the current fiscal year.

A number of research analysts recently commented on AMD shares. MKM Partners upped their price target on shares of Advanced Micro Devices from $13.00 to $14.50 and gave the company a “buy” rating in a research note on Monday, January 29th. Vetr upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $13.47 target price on the stock in a research report on Thursday, January 25th. Argus upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their target price for the stock from $13.74 to $18.00 in a research report on Thursday, February 1st. Zacks Investment Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, January 31st. Finally, Stifel Nicolaus upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Wednesday, April 4th. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Advanced Micro Devices presently has an average rating of “Hold” and an average price target of $14.89.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NINE MASTS CAPITAL Ltd bought a new stake in Advanced Micro Devices in the fourth quarter worth about $102,000. Chilton Investment Co. LLC bought a new stake in Advanced Micro Devices in the fourth quarter worth about $103,000. Stone Ridge Asset Management LLC bought a new stake in Advanced Micro Devices in the fourth quarter worth about $104,000. Brighton Jones LLC bought a new stake in Advanced Micro Devices in the first quarter worth about $106,000. Finally, Sandy Spring Bank raised its position in Advanced Micro Devices by 374.2% in the first quarter. Sandy Spring Bank now owns 11,025 shares of the semiconductor manufacturer’s stock worth $111,000 after acquiring an additional 8,700 shares during the period. 62.14% of the stock is currently owned by institutional investors.

Advanced Micro Devices Company Profile

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.

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

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