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 Monday, February 12th. The stock was sold at an average price of $11.58, for a total value of $723,750.00. Following the sale, the senior vice president now owns 718,772 shares of the company’s stock, valued at $8,323,379.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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 stock was sold at an average price of $11.61, for a total value of $725,625.00.

Shares of Advanced Micro Devices, Inc. (NASDAQ AMD) traded up $0.42 during trading hours on Wednesday, hitting $12.20. The stock had a trading volume of 51,529,646 shares, compared to its average volume of 66,020,000. Advanced Micro Devices, Inc. has a 1 year low of $9.70 and a 1 year high of $15.65. The stock has a market capitalization of $11,770.00, a PE ratio of 406.67, a price-to-earnings-growth ratio of 4.98 and a beta of 2.70. The company has a debt-to-equity ratio of 2.17, a quick ratio of 1.27 and a current ratio of 1.76.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the business posted ($0.01) earnings per share. The company’s revenue for the quarter was up 33.8% compared to the same quarter last year. research analysts expect that Advanced Micro Devices, Inc. will post 0.3 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on AMD shares. MKM Partners upped their price objective on Advanced Micro Devices from $13.00 to $14.50 and gave the stock a “buy” rating in a research note on Monday, January 29th. Jefferies Group restated a “buy” rating and set a $19.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 25th. TheStreet upgraded Advanced Micro Devices from a “d” rating to a “c-” rating in a research note on Tuesday, October 24th. BidaskClub upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Friday, January 5th. Finally, Morgan Stanley cut Advanced Micro Devices from an “equal weight” rating to an “underweight” rating and upped their price objective for the stock from $8.00 to $11.00 in a research note on Monday, October 30th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $14.87.

Several large investors have recently made changes to their positions in the company. TIAA CREF Investment Management LLC raised its stake in shares of Advanced Micro Devices by 23.1% in the fourth quarter. TIAA CREF Investment Management LLC now owns 12,246,187 shares of the semiconductor manufacturer’s stock worth $125,891,000 after purchasing an additional 2,295,080 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Advanced Micro Devices by 40.4% in the fourth quarter. Teachers Advisors LLC now owns 9,142,340 shares of the semiconductor manufacturer’s stock worth $93,983,000 after purchasing an additional 2,629,584 shares during the last quarter. Ardsley Advisory Partners grew its holdings in Advanced Micro Devices by 300.0% during the fourth quarter. Ardsley Advisory Partners now owns 40,000 shares of the semiconductor manufacturer’s stock worth $411,000 after acquiring an additional 30,000 shares during the period. California State Teachers Retirement System grew its holdings in Advanced Micro Devices by 0.9% during the fourth quarter. California State Teachers Retirement System now owns 1,388,616 shares of the semiconductor manufacturer’s stock worth $14,275,000 after acquiring an additional 11,938 shares during the period. Finally, Ellington Management Group LLC acquired a new stake in Advanced Micro Devices during the fourth quarter worth about $114,000. Hedge funds and other institutional investors own 60.94% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This report was first published by American Banking News and is the property of of American Banking News. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2018/02/14/insider-selling-advanced-micro-devices-inc-amd-svp-sells-62500-shares-of-stock.html.

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)

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply