Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP Forrest Eugene Norrod sold 104,688 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $13.18, for a total transaction of $1,379,787.84. Following the sale, the senior vice president now owns 792,491 shares of the company’s stock, valued at $10,445,031.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Wednesday, July 26th, Forrest Eugene Norrod sold 62,500 shares of Advanced Micro Devices stock. The shares were sold at an average price of $15.42, for a total transaction of $963,750.00.
  • On Friday, June 9th, Forrest Eugene Norrod sold 62,500 shares of Advanced Micro Devices stock. The shares were sold at an average price of $13.21, for a total transaction of $825,625.00.

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) traded up 2.36% during trading on Monday, hitting $13.43. 57,445,803 shares of the stock traded hands. Advanced Micro Devices, Inc. has a 52-week low of $5.66 and a 52-week high of $15.65. The stock has a 50 day moving average of $13.36 and a 200 day moving average of $12.73. The firm’s market cap is $12.69 billion.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.04. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.16 billion. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. Advanced Micro Devices’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. Analysts expect that Advanced Micro Devices, Inc. will post $0.10 EPS for the current year.

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Several research analysts have commented on the stock. Summit Redstone restated a “hold” rating on shares of Advanced Micro Devices in a report on Saturday, July 22nd. Canaccord Genuity restated a “buy” rating and issued a $17.00 price objective on shares of Advanced Micro Devices in a report on Friday, May 19th. Zacks Investment Research raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Monday, May 1st. MKM Partners reaffirmed a “neutral” rating and issued a $13.00 target price on shares of Advanced Micro Devices in a research report on Friday, July 21st. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Advanced Micro Devices in a research report on Friday, July 28th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $14.18.

Large investors have recently modified their holdings of the stock. Meeder Asset Management Inc. purchased a new stake in shares of Advanced Micro Devices during the first quarter worth approximately $100,000. Intellectus Partners LLC purchased a new stake in shares of Advanced Micro Devices during the first quarter worth approximately $116,000. K.J. Harrison & Partners Inc purchased a new stake in shares of Advanced Micro Devices during the second quarter worth approximately $125,000. ING Groep NV purchased a new stake in shares of Advanced Micro Devices during the first quarter worth approximately $127,000. Finally, Global X Management Co. LLC purchased a new stake in shares of Advanced Micro Devices during the second quarter worth approximately $143,000. Hedge funds and other institutional investors own 57.34% of the company’s stock.

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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