Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP Sells $4,032,825.00 in Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP Forrest Eugene Norrod sold 25,500 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, November 22nd. The stock was sold at an average price of $158.15, for a total value of $4,032,825.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Thursday, October 28th, Forrest Eugene Norrod sold 28,500 shares of Advanced Micro Devices stock. The shares were sold at an average price of $121.74, for a total value of $3,469,590.00.

AMD stock opened at $157.80 on Thursday. The stock’s 50 day simple moving average is $122.38 and its 200 day simple moving average is $103.36. Advanced Micro Devices, Inc. has a fifty-two week low of $72.50 and a fifty-two week high of $161.88. The company has a market cap of $190.56 billion, a P/E ratio of 48.85, a price-to-earnings-growth ratio of 1.41 and a beta of 2.02.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Monday, October 25th. The semiconductor manufacturer reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.06. Advanced Micro Devices had a return on equity of 40.18% and a net margin of 26.72%. The business had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same period in the prior year, the business earned $0.35 EPS. The firm’s revenue for the quarter was up 54.0% on a year-over-year basis. Equities analysts predict that Advanced Micro Devices, Inc. will post 2.39 EPS for the current year.

AMD has been the subject of several analyst reports. Susquehanna lifted their price objective on Advanced Micro Devices from $145.00 to $175.00 and gave the company a “positive” rating in a report on Tuesday, November 9th. Bank of America lifted their price objective on Advanced Micro Devices from $135.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, October 27th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Advanced Micro Devices in a report on Friday, August 27th. Barclays boosted their price target on Advanced Micro Devices from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, October 27th. Finally, Cowen boosted their price target on Advanced Micro Devices from $120.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, October 27th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $136.00.

Several institutional investors have recently modified their holdings of the company. FourThought Financial LLC raised its stake in shares of Advanced Micro Devices by 4.2% in the third quarter. FourThought Financial LLC now owns 1,835 shares of the semiconductor manufacturer’s stock worth $188,000 after purchasing an additional 74 shares during the last quarter. Wagner Wealth Management LLC raised its stake in shares of Advanced Micro Devices by 35.9% in the third quarter. Wagner Wealth Management LLC now owns 284 shares of the semiconductor manufacturer’s stock worth $34,000 after purchasing an additional 75 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Advanced Micro Devices by 4.5% in the third quarter. Parkside Financial Bank & Trust now owns 1,981 shares of the semiconductor manufacturer’s stock worth $204,000 after purchasing an additional 85 shares during the last quarter. Camden Capital LLC raised its stake in shares of Advanced Micro Devices by 2.5% in the third quarter. Camden Capital LLC now owns 3,579 shares of the semiconductor manufacturer’s stock worth $368,000 after purchasing an additional 87 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC raised its stake in shares of Advanced Micro Devices by 1.8% in the third quarter. Moneta Group Investment Advisors LLC now owns 4,995 shares of the semiconductor manufacturer’s stock worth $514,000 after purchasing an additional 87 shares during the last quarter. 67.06% of the stock is owned by hedge funds and other institutional investors.

About Advanced Micro Devices

Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.

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

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