Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP Sells $1,379,787.84 in Stock

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

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

  • On Thursday, August 10th, Forrest Eugene Norrod sold 14,196 shares of Advanced Micro Devices stock. The shares were sold at an average price of $12.46, for a total value of $176,882.16.
  • 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 value 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 value of $825,625.00.

Advanced Micro Devices, Inc. (NASDAQ:AMD) traded up 0.24% during trading on Friday, reaching $12.37. 37,521,694 shares of the company’s stock traded hands. The company has a 50 day moving average price of $13.35 and a 200-day moving average price of $12.92. Advanced Micro Devices, Inc. has a 12-month low of $5.66 and a 12-month high of $15.65. The company’s market cap is $11.71 billion.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.04. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the business earned ($0.05) EPS. The company’s revenue was up 19.0% on a year-over-year basis. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post $0.10 EPS for the current fiscal year.

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Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Advanced Micro Devices by 21.9% in the first quarter. Vanguard Group Inc. now owns 87,294,800 shares of the semiconductor manufacturer’s stock worth $1,270,140,000 after buying an additional 15,661,774 shares during the last quarter. Baillie Gifford & Co. purchased a new stake in shares of Advanced Micro Devices during the second quarter worth $184,767,000. Wellington Management Group LLP raised its stake in shares of Advanced Micro Devices by 5,764.6% in the first quarter. Wellington Management Group LLP now owns 14,181,305 shares of the semiconductor manufacturer’s stock worth $206,339,000 after buying an additional 13,939,494 shares during the last quarter. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Advanced Micro Devices during the first quarter worth $129,039,000. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in shares of Advanced Micro Devices during the first quarter worth $63,654,000. Institutional investors and hedge funds own 56.37% of the company’s stock.

A number of research analysts recently commented on AMD shares. Sanford C. Bernstein reaffirmed a “sell” rating on shares of Advanced Micro Devices in a report on Tuesday, April 25th. Zacks Investment Research downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Friday, April 28th. Macquarie downgraded shares of Advanced Micro Devices from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $16.00 to $10.00 in a report on Tuesday, May 2nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $11.00 price target (up previously from $8.00) on shares of Advanced Micro Devices in a report on Tuesday, May 2nd. Finally, Mizuho increased their price target on shares of Advanced Micro Devices from $13.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, May 2nd. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Advanced Micro Devices currently has an average rating of “Hold” and an average price target of $14.18.

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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