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

Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Forrest Norrod sold 17,262 shares of the stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $540.70, for a total transaction of $9,333,563.40. Following the sale, the executive vice president owned 353,317 shares in the company, valued at $191,038,501.90. The trade was a 4.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 Price Performance

Shares of Advanced Micro Devices stock traded up $9.30 on Monday, reaching $538.05. 20,116,250 shares of the stock were exchanged, compared to its average volume of 32,166,160. The firm’s 50 day moving average is $537.02 and its 200-day moving average is $474.16. Advanced Micro Devices, Inc. has a one year low of $188.22 and a one year high of $658.52. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. The firm has a market cap of $878.35 billion, a PE ratio of 138.32, a P/E/G ratio of 5.43 and a beta of 2.45.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The business had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.31 billion. During the same period last year, the firm posted $0.48 earnings per share. The firm’s quarterly revenue was up 50.1% compared to the same quarter last year. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 6.49 EPS for the current fiscal year.

Trending Headlines about 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

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of research analyst reports. Mizuho boosted their price target on Advanced Micro Devices from $580.00 to $705.00 and gave the stock an “outperform” rating in a report on Tuesday, October 6th. Bank of America raised their price objective on Advanced Micro Devices from $620.00 to $720.00 and gave the company a “buy” rating in a research note on Friday, September 25th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $540.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Roth Capital lifted their target price on Advanced Micro Devices from $500.00 to $650.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $700.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, September 29th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $603.51.

Institutional Investors Weigh In On Advanced Micro Devices

A number of institutional investors have recently added to or reduced their stakes in AMD. Bank of America Corp DE acquired a new position in shares of Advanced Micro Devices during the second quarter worth about $7,022,226,000. BlackRock Inc. increased its stake in shares of Advanced Micro Devices by 3.1% during the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock worth $87,311,650,000 after buying an additional 4,535,126 shares during the period. Jupiter Topco LLC acquired a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at $2,084,651,000. Wellington Management Group LLP lifted its position in shares of Advanced Micro Devices by 33.9% during the 2nd quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer’s stock worth $5,422,444,000 after purchasing an additional 2,365,419 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Advanced Micro Devices by 2.9% during the second quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock worth $46,606,266,000 after purchasing an additional 2,149,563 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

About Advanced Micro Devices

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.