Insider Selling: Advanced Micro Devices, Inc. (AMD) SVP Sells 62,500 Shares of Stock
Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP Forrest Eugene Norrod sold 62,500 shares of the company’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $11.61, for a total value of $725,625.00. Following the sale, the senior vice president now directly owns 743,772 shares of the company’s stock, valued at $8,635,192.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Forrest Eugene Norrod also recently made the following trade(s):
- On Thursday, November 9th, Forrest Eugene Norrod sold 25,701 shares of Advanced Micro Devices stock. The shares were sold at an average price of $11.21, for a total value of $288,108.21.
Shares of Advanced Micro Devices, Inc. (AMD) traded down $0.24 during mid-day trading on Friday, hitting $11.88. The company’s stock had a trading volume of 63,669,050 shares, compared to its average volume of 92,826,797. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.70 and a quick ratio of 1.20. Advanced Micro Devices, Inc. has a 52 week low of $9.42 and a 52 week high of $15.65. The company has a market cap of $11,460.00, a P/E ratio of -148.50, a P/E/G ratio of 6.61 and a beta of 2.47.
Several equities research analysts recently issued reports on the company. Credit Suisse Group increased their price objective on Advanced Micro Devices from $10.50 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Jefferies Group reissued a “buy” rating and issued a $19.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 25th. Bank of America reissued a “buy” rating on shares of Advanced Micro Devices in a research note on Sunday, October 1st. Canaccord Genuity reissued a “buy” rating and issued a $20.00 price objective on shares of Advanced Micro Devices in a research note on Friday, September 8th. Finally, Goldman Sachs Group reduced their price objective on Advanced Micro Devices from $11.40 to $10.40 and set a “sell” rating for the company in a research note on Wednesday, November 29th. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $14.73.
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.
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