Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP Forrest Eugene Norrod sold 50,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $30.99, for a total value of $1,549,500.00. Following the transaction, the senior vice president now directly owns 964,600 shares of the company’s stock, valued at approximately $29,892,954. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Forrest Eugene Norrod also recently made the following trade(s):
- On Monday, July 29th, Forrest Eugene Norrod sold 50,000 shares of Advanced Micro Devices stock. The stock was sold at an average price of $34.12, for a total value of $1,706,000.00.
Shares of AMD stock traded down $0.47 on Wednesday, reaching $29.76. 50,143,074 shares of the company’s stock traded hands, compared to its average volume of 73,114,391. Advanced Micro Devices, Inc. has a 12-month low of $16.03 and a 12-month high of $35.55. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.52 and a current ratio of 2.08. The company has a market capitalization of $33.11 billion, a P/E ratio of 85.03, a price-to-earnings-growth ratio of 2.66 and a beta of 3.07. The business’s 50 day moving average price is $31.40 and its two-hundred day moving average price is $28.88.
AMD has been the topic of several research reports. Piper Jaffray Companies assumed coverage on shares of Advanced Micro Devices in a research report on Monday, August 19th. They issued a “neutral” rating and a $33.00 price target on the stock. Wells Fargo & Co reaffirmed a “buy” rating on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. UBS Group lifted their price objective on shares of Advanced Micro Devices from $24.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Credit Suisse Group set a $30.00 target price on shares of Advanced Micro Devices and gave the stock a “neutral” rating in a report on Wednesday, July 31st. They noted that the move was a valuation call. Finally, Cowen set a $40.00 target price on shares of Advanced Micro Devices and gave the stock a “buy” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $31.59.
Large investors have recently added to or reduced their stakes in the business. Peddock Capital Advisors LLC boosted its holdings in shares of Advanced Micro Devices by 151.5% during the first quarter. Peddock Capital Advisors LLC now owns 1,021 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 615 shares during the period. Advisory Alpha LLC acquired a new position in Advanced Micro Devices in the 1st quarter valued at approximately $26,000. Berman Capital Advisors LLC increased its stake in Advanced Micro Devices by 99.4% in the 1st quarter. Berman Capital Advisors LLC now owns 1,077 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 537 shares during the period. First PREMIER Bank purchased a new stake in Advanced Micro Devices in the 2nd quarter worth approximately $30,000. Finally, Doyle Wealth Management purchased a new stake in Advanced Micro Devices in the 2nd quarter worth approximately $31,000. 64.73% of the stock is currently owned by institutional investors.
About Advanced Micro Devices
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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