Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Sells $5,743,301.80 in Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Advanced Micro Devices Trading Down 1.2 %

AMD opened at $147.95 on Friday. Advanced Micro Devices, Inc. has a twelve month low of $113.06 and a twelve month high of $227.30. The company has a fifty day moving average of $154.44 and a 200-day moving average of $155.52. The stock has a market cap of $240.09 billion, a PE ratio of 133.29, a price-to-earnings-growth ratio of 2.01 and a beta of 1.71. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting the consensus estimate of $0.92. The business had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm’s revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 earnings per share. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.53 EPS for the current year.

Institutional Investors Weigh In On Advanced Micro Devices

A number of institutional investors have recently added to or reduced their stakes in the company. Cherrydale Wealth Management LLC boosted its position in Advanced Micro Devices by 4.7% in the second quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer’s stock worth $212,000 after purchasing an additional 58 shares during the last quarter. Christopher J. Hasenberg Inc grew its holdings in Advanced Micro Devices by 12.0% during the third quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock valued at $97,000 after purchasing an additional 60 shares during the period. Delta Financial Group Inc. lifted its position in shares of Advanced Micro Devices by 5.0% during the 2nd quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer’s stock valued at $215,000 after buying an additional 63 shares during the last quarter. Trivant Custom Portfolio Group LLC increased its holdings in Advanced Micro Devices by 0.3% in the 2nd quarter. Trivant Custom Portfolio Group LLC now owns 24,629 shares of the semiconductor manufacturer’s stock worth $3,995,000 after acquiring an additional 65 shares during the last quarter. Finally, Wealth Effects LLC boosted its position in Advanced Micro Devices by 0.7% during the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock worth $1,545,000 after purchasing an additional 65 shares during the period. 71.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AMD shares. Susquehanna reiterated a “positive” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Barclays dropped their price target on Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Edward Jones assumed coverage on shares of Advanced Micro Devices in a research report on Tuesday, August 20th. They issued a “buy” rating on the stock. Robert W. Baird reduced their price objective on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Finally, Rosenblatt Securities reissued a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $192.79.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.