Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP Forrest Eugene Norrod sold 62,500 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $12.27, for a total value of $766,875.00. Following the completion of the transaction, the senior vice president now owns 731,461 shares of the company’s stock, valued at approximately $8,975,026.47. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Thursday, August 10th, Forrest Eugene Norrod sold 14,196 shares of Advanced Micro Devices stock. The stock was sold at an average price of $12.46, for a total value of $176,882.16.
  • On Thursday, August 3rd, Forrest Eugene Norrod sold 104,688 shares of Advanced Micro Devices stock. The stock was sold at an average price of $13.18, for a total value of $1,379,787.84.
  • On Wednesday, July 26th, Forrest Eugene Norrod sold 62,500 shares of Advanced Micro Devices stock. The stock was sold at an average price of $15.42, for a total value of $963,750.00.

Advanced Micro Devices, Inc. (NASDAQ AMD) opened at 12.30 on Wednesday. The company’s 50-day moving average price is $12.91 and its 200 day moving average price is $12.85. The stock’s market capitalization is $11.65 billion. Advanced Micro Devices, Inc. has a 52 week low of $5.75 and a 52 week high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.05) earnings per share. Equities research analysts expect that Advanced Micro Devices, Inc. will post $0.10 EPS for the current fiscal year.

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A number of equities analysts have recently commented on the company. Bank of America Corporation reiterated a “buy” rating and issued a $18.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 16th. Barclays PLC reiterated an “underweight” rating and issued a $9.00 target price on shares of Advanced Micro Devices in a report on Thursday, August 10th. Canaccord Genuity reiterated a “buy” rating and issued a $20.00 target price on shares of Advanced Micro Devices in a report on Friday, September 8th. Pacific Crest reiterated an “equal weight” rating on shares of Advanced Micro Devices in a report on Tuesday, June 20th. Finally, Wells Fargo & Company reissued an “outperform” rating on shares of Advanced Micro Devices in a research note on Thursday, August 10th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $13.98.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in shares of Advanced Micro Devices in the first quarter valued at $100,000. Bluestein R H & Co. acquired a new stake in shares of Advanced Micro Devices in the first quarter valued at $146,000. Harbor Advisors LLC acquired a new stake in shares of Advanced Micro Devices in the first quarter valued at $146,000. K.J. Harrison & Partners Inc acquired a new stake in shares of Advanced Micro Devices in the second quarter valued at $125,000. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Advanced Micro Devices in the first quarter valued at $148,000. Institutional investors and hedge funds own 59.15% of the company’s stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, 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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