Advanced Micro Devices (NASDAQ:AMD) EVP Forrest Eugene Norrod Sells 17,262 Shares of Company Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Forrest Norrod sold 17,262 shares of the stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $540.70, for a total value of $9,333,563.40. Following the completion of the transaction, the executive vice president owned 353,317 shares in the company, valued at approximately $191,038,501.90. The trade was a 4.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 15th, Forrest Norrod sold 17,261 shares of Advanced Micro Devices stock. The shares were sold at an average price of $503.05, for a total transaction of $8,683,146.05.
• On Monday, August 24th, Forrest Norrod sold 17,261 shares of Advanced Micro Devices stock. The shares were sold at an average price of $459.95, for a total transaction of $7,939,196.95.

Advanced Micro Devices Stock Up 1.8%

AMD stock traded up $9.30 during midday trading on Monday, reaching $538.05. 20,116,250 shares of the company were exchanged, compared to its average volume of 32,166,160. The company has a market cap of $878.35 billion, a price-to-earnings ratio of 138.32, a price-to-earnings-growth ratio of 5.43 and a beta of 2.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. Advanced Micro Devices, Inc. has a 1-year low of $188.22 and a 1-year high of $658.52. The stock’s 50-day simple moving average is $537.02 and its 200 day simple moving average is $474.16.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.04. The business had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The company’s revenue for the quarter was up 50.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.48 EPS. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 6.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AMD shares. Weiss Ratings upgraded shares of Advanced Micro Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Mizuho lifted their target price on Advanced Micro Devices from $580.00 to $705.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 6th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $540.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Melius Research set a $660.00 target price on Advanced Micro Devices in a report on Friday, July 24th. Finally, Zacks Research cut Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 1st. Three analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $603.51.

Institutional Trading of Advanced Micro Devices

Institutional investors and hedge funds have recently bought and sold shares of the business. Southpoint Capital Advisors LP lifted its stake in shares of Advanced Micro Devices by 50.0% in the 1st quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer’s stock worth $183,087,000 after acquiring an additional 300,000 shares during the period. Boomfish Wealth Group LLC purchased a new stake in shares of Advanced Micro Devices in the first quarter valued at about $1,193,000. Dimensional Fund Advisors LP increased its stake in shares of Advanced Micro Devices by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer’s stock worth $1,045,954,000 after acquiring an additional 291,165 shares during the period. Ferguson Wellman Capital Management Inc. increased its stake in shares of Advanced Micro Devices by 6,968.7% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 140,313 shares of the semiconductor manufacturer’s stock worth $85,995,000 after acquiring an additional 138,328 shares during the period. Finally, Douglas Lane & Associates LLC increased its stake in shares of Advanced Micro Devices by 2,748.0% during the third quarter. Douglas Lane & Associates LLC now owns 85,952 shares of the semiconductor manufacturer’s stock worth $52,582,000 after acquiring an additional 82,934 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Key Stories Impacting Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: Analyst sees significant upside: TD Cowen reiterated a Buy rating and a $675 price target, citing the potential for agentic AI demand to increase AMD’s CPU sales by approximately 70% next year. Why AMD Stock Popped on Monday
• Positive Sentiment: Improving earnings outlook: AMD is expected to report roughly $13 billion in third-quarter revenue, representing about 41% year-over-year growth. The company has exceeded the high end of its own revenue guidance in each of the past two quarters, supporting optimism ahead of the November 3 report. AMD Stock Is Up Over 140% This Year
• Positive Sentiment: AI and data-center positioning: Articles highlight AMD’s accelerator opportunity, high-precision computing chips used in research and defense, and continued exposure to data-center, PC, gaming and console markets. This diversification could make AMD less vulnerable than more data-center-concentrated competitors during an AI spending slowdown. Nvidia vs. AMD: Which Business Is More Exposed to a Data-Center Slowdown?
• Neutral Sentiment: Broad market support: AMD’s rebound occurred alongside gains in Intel, Nvidia and other semiconductor stocks, suggesting that sector-wide risk appetite—not only company-specific news—was a major factor.
• Negative Sentiment: Valuation and fund-flow concerns: With AMD trading at a very high earnings multiple after substantial 2026 gains, one analyst downgraded the stock and ETFs were reported as net sellers. Commentary also warns that an AI spending slowdown could pressure margins and cash-flow expectations. AMD Downgrade

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.