Forrest Eugene Norrod Sells 50,000 Shares of Advanced Micro Devices, Inc. (AMD) Stock

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Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP Forrest Eugene Norrod sold 50,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $22.37, for a total transaction of $1,118,500.00. Following the sale, the senior vice president now directly owns 867,652 shares in the company, valued at $19,409,375.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Monday, January 28th, Forrest Eugene Norrod sold 50,000 shares of Advanced Micro Devices stock. The shares were sold at an average price of $20.29, for a total transaction of $1,014,500.00.

Advanced Micro Devices stock opened at $22.82 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 1.78. The firm has a market cap of $23.61 billion, a price-to-earnings ratio of 65.20, a price-to-earnings-growth ratio of 2.14 and a beta of 3.40. Advanced Micro Devices, Inc. has a one year low of $9.04 and a one year high of $34.14.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, January 29th. The semiconductor manufacturer reported $0.08 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.44 billion. Advanced Micro Devices had a net margin of 5.20% and a return on equity of 37.84%. During the same period in the prior year, the business posted $0.08 earnings per share. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 0.52 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Advanced Micro Devices by 24.4% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,566 shares of the semiconductor manufacturer’s stock valued at $47,000 after buying an additional 503 shares during the period. Cigna Investments Inc. New lifted its stake in shares of Advanced Micro Devices by 2.3% in the fourth quarter. Cigna Investments Inc. New now owns 25,940 shares of the semiconductor manufacturer’s stock valued at $479,000 after buying an additional 585 shares during the period. Public Employees Retirement Association of Colorado lifted its stake in shares of Advanced Micro Devices by 0.4% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 152,362 shares of the semiconductor manufacturer’s stock valued at $2,813,000 after buying an additional 646 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co lifted its stake in shares of Advanced Micro Devices by 19.0% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 5,000 shares of the semiconductor manufacturer’s stock valued at $92,000 after buying an additional 800 shares during the period. Finally, Bessemer Group Inc. lifted its stake in shares of Advanced Micro Devices by 81.7% in the fourth quarter. Bessemer Group Inc. now owns 1,968 shares of the semiconductor manufacturer’s stock valued at $37,000 after buying an additional 885 shares during the period. 62.04% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have issued reports on AMD shares. Daiwa Capital Markets initiated coverage on shares of Advanced Micro Devices in a research note on Friday, December 21st. They set an “outperform” rating and a $26.00 target price on the stock. Zacks Investment Research downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. ValuEngine downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. Bank of America dropped their price target on shares of Advanced Micro Devices from $30.00 to $27.00 and set a “buy” rating on the stock in a research note on Thursday, December 20th. Finally, Cowen upped their price target on shares of Advanced Micro Devices from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 30th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $25.41.

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Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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