Advanced Micro Devices, Inc. (AMD) SVP Forrest Eugene Norrod Sells 62,500 Shares

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Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP Forrest Eugene Norrod sold 62,500 shares of the company’s stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $15.27, for a total transaction of $954,375.00. Following the completion of the transaction, the senior vice president now owns 668,772 shares in the company, valued at approximately $10,212,148.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • On Monday, April 30th, Forrest Eugene Norrod sold 62,500 shares of Advanced Micro Devices stock. The stock was sold at an average price of $11.02, for a total transaction of $688,750.00.

NASDAQ:AMD opened at $14.99 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.62 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of $14.84 billion, a price-to-earnings ratio of 187.38, a P/E/G ratio of 5.44 and a beta of 2.80. Advanced Micro Devices, Inc. has a 12 month low of $9.04 and a 12 month high of $17.34.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Wednesday, April 25th. The semiconductor manufacturer reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Advanced Micro Devices had a net margin of 3.29% and a return on equity of 41.01%. research analysts anticipate that Advanced Micro Devices, Inc. will post 0.36 EPS for the current year.

AMD has been the topic of a number of analyst reports. BidaskClub upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. Cowen increased their target price on shares of Advanced Micro Devices from $18.00 to $21.00 and gave the stock an “outperform” rating in a research report on Friday, June 15th. Vetr lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “buy” rating and set a $13.62 target price on the stock. in a research report on Thursday, March 8th. Bank of America reduced their price target on shares of Advanced Micro Devices from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, April 20th. Finally, Zacks Investment Research upgraded shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Monday, April 9th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Advanced Micro Devices has a consensus rating of “Hold” and an average target price of $15.32.

Large investors have recently bought and sold shares of the business. OppenheimerFunds Inc. grew its holdings in shares of Advanced Micro Devices by 36.1% during the first quarter. OppenheimerFunds Inc. now owns 30,042,756 shares of the semiconductor manufacturer’s stock valued at $301,930,000 after buying an additional 7,966,623 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Advanced Micro Devices by 23.1% during the fourth quarter. TIAA CREF Investment Management LLC now owns 12,246,187 shares of the semiconductor manufacturer’s stock valued at $125,891,000 after buying an additional 2,295,080 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Advanced Micro Devices by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 9,486,698 shares of the semiconductor manufacturer’s stock valued at $97,337,000 after buying an additional 386,063 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of Advanced Micro Devices by 40.4% during the fourth quarter. Teachers Advisors LLC now owns 9,142,340 shares of the semiconductor manufacturer’s stock valued at $93,983,000 after buying an additional 2,629,584 shares during the last quarter. Finally, CI Investments Inc. grew its holdings in shares of Advanced Micro Devices by 1.4% during the first quarter. CI Investments Inc. now owns 8,715,076 shares of the semiconductor manufacturer’s stock valued at $87,587,000 after buying an additional 121,900 shares during the last quarter. Institutional investors and hedge funds own 63.54% of the company’s stock.

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.

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

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