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

Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP Forrest Eugene Norrod sold 62,500 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $11.58, for a total value of $723,750.00. Following the sale, the senior vice president now directly owns 718,772 shares of the company’s stock, valued at approximately $8,323,379.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Wednesday, January 3rd, Forrest Eugene Norrod sold 62,500 shares of Advanced Micro Devices stock. The shares were sold at an average price of $11.61, for a total value of $725,625.00.

Shares of Advanced Micro Devices, Inc. (AMD) traded up $0.42 during trading on Thursday, reaching $12.20. The company’s stock had a trading volume of 51,741,398 shares, compared to its average volume of 64,581,656. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.76 and a quick ratio of 1.27. The stock has a market capitalization of $11,810.00, a price-to-earnings ratio of 408.33, a P/E/G ratio of 5.02 and a beta of 2.70. Advanced Micro Devices, Inc. has a fifty-two week low of $9.70 and a fifty-two week high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 EPS for the quarter, beating the consensus estimate of $0.04 by $0.04. Advanced Micro Devices had a return on equity of 16.76% and a net margin of 0.81%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the firm posted ($0.01) earnings per share. The company’s revenue for the quarter was up 33.8% on a year-over-year basis. equities analysts expect that Advanced Micro Devices, Inc. will post 0.3 EPS for the current year.

Large investors have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Advanced Micro Devices by 1,655.2% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock valued at $111,000 after acquiring an additional 8,243 shares in the last quarter. NINE MASTS CAPITAL Ltd bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at $102,000. First Personal Financial Services bought a new stake in Advanced Micro Devices in the 3rd quarter worth about $127,000. 1492 Capital Management LLC bought a new stake in Advanced Micro Devices in the 3rd quarter worth about $128,000. Finally, Chilton Investment Co. LLC bought a new stake in Advanced Micro Devices in the 4th quarter worth about $103,000. Hedge funds and other institutional investors own 60.94% of the company’s stock.

A number of analysts recently commented on the company. Vetr lowered Advanced Micro Devices from a “strong-buy” rating to a “buy” rating and set a $13.61 price target for the company. in a research note on Wednesday. Credit Suisse Group raised their price target on Advanced Micro Devices from $12.00 to $13.50 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. BMO Capital Markets reaffirmed a “hold” rating and issued a $15.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, October 18th. Zacks Investment Research lowered Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Finally, Argus raised Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their price target for the stock from $13.74 to $18.00 in a research note on Thursday, February 1st. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.88.

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About Advanced Micro Devices

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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