Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP Forrest Eugene Norrod sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was 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 of the company’s stock, valued at approximately $19,409,375.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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.

Shares of NASDAQ AMD opened at $22.82 on Friday. The firm has a market cap of $23.61 billion, a PE ratio of 65.20, a PEG ratio of 2.14 and a beta of 3.40. Advanced Micro Devices, Inc. has a twelve month low of $9.04 and a twelve month high of $34.14. The company has a current ratio of 1.78, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, January 29th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations 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 last year, the firm posted $0.08 earnings per share. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 0.52 earnings per share for the current fiscal year.

A number of analysts recently weighed in on AMD shares. Bank of America lowered their price target on shares of Advanced Micro Devices from $30.00 to $27.00 and set a “buy” rating for the company in a report on Thursday, December 20th. ValuEngine lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. Daiwa Capital Markets set a $27.00 price target on shares of Advanced Micro Devices and gave the company a “buy” rating in a report on Saturday, February 2nd. JPMorgan Chase & Co. raised their price target on shares of Advanced Micro Devices from $18.00 to $20.00 and gave the company an “in-line” rating in a report on Wednesday, January 30th. Finally, Cowen raised their price target on shares of Advanced Micro Devices from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, January 30th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Advanced Micro Devices has a consensus rating of “Hold” and an average target price of $25.41.

A number of institutional investors and hedge funds have recently bought and sold shares of AMD. Norges Bank bought a new stake in Advanced Micro Devices in the 4th quarter valued at $252,424,000. Oregon Public Employees Retirement Fund lifted its position in Advanced Micro Devices by 4,261.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,893,657 shares of the semiconductor manufacturer’s stock valued at $211,000 after acquiring an additional 3,804,384 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in Advanced Micro Devices by 131.1% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 5,837,267 shares of the semiconductor manufacturer’s stock valued at $107,757,000 after acquiring an additional 3,311,157 shares in the last quarter. Alliancebernstein L.P. lifted its position in Advanced Micro Devices by 132.4% in the 3rd quarter. Alliancebernstein L.P. now owns 5,357,536 shares of the semiconductor manufacturer’s stock valued at $165,494,000 after acquiring an additional 3,051,938 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Advanced Micro Devices by 14.5% in the 4th quarter. Geode Capital Management LLC now owns 13,069,235 shares of the semiconductor manufacturer’s stock valued at $240,885,000 after acquiring an additional 1,651,507 shares in the last quarter. 62.04% of the stock is currently owned by institutional investors and hedge funds.

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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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