Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP Forrest Eugene Norrod Sells 50,000 Shares

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Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP Forrest Eugene Norrod sold 50,000 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $34.12, for a total transaction of $1,706,000.00. Following the sale, the senior vice president now directly owns 809,171 shares in the company, valued at $27,608,914.52. The sale 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 Monday, June 10th, Forrest Eugene Norrod sold 50,000 shares of Advanced Micro Devices stock. The stock was sold at an average price of $33.46, for a total transaction of $1,673,000.00.

NASDAQ:AMD opened at $29.67 on Friday. The company has a current ratio of 2.08, a quick ratio of 1.52 and a debt-to-equity ratio of 0.54. Advanced Micro Devices, Inc. has a twelve month low of $16.03 and a twelve month high of $35.55. The firm has a market cap of $34.86 billion, a price-to-earnings ratio of 145.96, a price-to-earnings-growth ratio of 2.73 and a beta of 3.06. The company has a 50-day moving average of $32.11 and a 200-day moving average of $28.02.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. Advanced Micro Devices had a net margin of 3.25% and a return on equity of 16.04%. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior year, the firm earned $0.14 earnings per share. The business’s quarterly revenue was down 12.8% on a year-over-year basis. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 0.5 earnings per share for the current year.

Several research firms have recently commented on AMD. Atlantic Securities began coverage on shares of Advanced Micro Devices in a research report on Monday, July 22nd. They set a “neutral” rating and a $28.00 price target for the company. Benchmark began coverage on shares of Advanced Micro Devices in a research report on Thursday, August 1st. They set a “hold” rating for the company. Credit Suisse Group set a $30.00 price target on shares of Advanced Micro Devices and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. They noted that the move was a valuation call. BidaskClub upgraded shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Saturday, July 6th. Finally, ValuEngine upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $31.54.

Hedge funds have recently bought and sold shares of the business. Joseph P. Lucia & Associates LLC purchased a new stake in Advanced Micro Devices during the first quarter valued at about $25,000. Westside Investment Management Inc. purchased a new stake in Advanced Micro Devices during the second quarter valued at about $5,484,000. Advisory Alpha LLC purchased a new stake in Advanced Micro Devices during the first quarter valued at about $26,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Advanced Micro Devices during the first quarter valued at about $26,000. Finally, First PREMIER Bank purchased a new stake in Advanced Micro Devices during the second quarter valued at about $30,000. 60.38% of the stock is owned by institutional investors.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its 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.

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