Insider Selling: Advanced Micro Devices, Inc. (AMD) SVP Sells $288,108.21 in Stock
Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP Forrest Eugene Norrod sold 25,701 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $11.21, for a total value of $288,108.21. Following the sale, the senior vice president now directly owns 729,971 shares in the company, valued at approximately $8,182,974.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Forrest Eugene Norrod also recently made the following trade(s):
- On Friday, September 8th, Forrest Eugene Norrod sold 62,500 shares of Advanced Micro Devices stock. The stock was sold at an average price of $12.27, for a total value of $766,875.00.
Shares of Advanced Micro Devices, Inc. (NASDAQ AMD) traded up $0.23 during midday trading on Thursday, reaching $11.30. The company’s stock had a trading volume of 5,127,701 shares, compared to its average volume of 68,575,969. The company has a quick ratio of 1.20, a current ratio of 1.70 and a debt-to-equity ratio of 2.61. Advanced Micro Devices, Inc. has a 52-week low of $7.07 and a 52-week high of $15.65.
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Institutional investors have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Advanced Micro Devices by 1,655.2% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock worth $111,000 after buying an additional 8,243 shares in the last quarter. First Personal Financial Services acquired a new position in shares of Advanced Micro Devices during the 3rd quarter worth $127,000. K.J. Harrison & Partners Inc acquired a new position in shares of Advanced Micro Devices during the 2nd quarter worth $125,000. 1492 Capital Management LLC acquired a new position in shares of Advanced Micro Devices during the 3rd quarter worth $128,000. Finally, Cetera Investment Advisers acquired a new position in shares of Advanced Micro Devices during the 3rd quarter worth $137,000. 58.63% of the stock is owned by institutional investors.
A number of research analysts recently issued reports on AMD shares. Jefferies Group LLC set a $19.00 price objective on Advanced Micro Devices and gave the stock a “buy” rating in a report on Wednesday, July 26th. Rosenblatt Securities reiterated a “buy” rating and set a $22.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 26th. Bank of America Corporation set a $18.00 price objective on Advanced Micro Devices and gave the stock a “buy” rating in a report on Wednesday, July 26th. Mizuho reiterated a “buy” rating and set a $17.00 price objective (up from $15.00) on shares of Advanced Micro Devices in a report on Wednesday, July 26th. Finally, Zacks Investment Research upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Monday, July 31st. Six research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Advanced Micro Devices presently has an average rating of “Hold” and a consensus price target of $14.05.
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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