Advanced Micro Devices, Inc. (AMD) SVP Forrest Eugene Norrod Sells 25,701 Shares of Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) SVP Forrest Eugene Norrod sold 25,701 shares of Advanced Micro Devices stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $11.21, for a total transaction of $288,108.21. Following the transaction, the senior vice president now directly owns 729,971 shares in the company, valued at $8,182,974.91. 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 Friday, September 8th, Forrest Eugene Norrod sold 62,500 shares of Advanced Micro Devices stock. The shares were sold at an average price of $12.27, for a total transaction of $766,875.00.

Advanced Micro Devices, Inc. (NASDAQ AMD) opened at $11.09 on Tuesday. Advanced Micro Devices, Inc. has a 12-month low of $6.61 and a 12-month high of $15.65. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.70 and a quick ratio of 1.20.

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Several institutional investors and hedge funds have recently bought and sold shares of the company. AMP Capital Investors Ltd increased its position in shares of Advanced Micro Devices by 1.3% during the third quarter. AMP Capital Investors Ltd now owns 415,616 shares of the semiconductor manufacturer’s stock worth $5,298,000 after buying an additional 5,200 shares during the period. Nomura Asset Management Co. Ltd. increased its position in shares of Advanced Micro Devices by 3.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 145,009 shares of the semiconductor manufacturer’s stock worth $1,848,000 after buying an additional 5,198 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Advanced Micro Devices by 601.8% during the third quarter. Envestnet Asset Management Inc. now owns 15,221 shares of the semiconductor manufacturer’s stock worth $194,000 after buying an additional 13,052 shares during the period. Private Advisor Group LLC increased its position in shares of Advanced Micro Devices by 31.1% during the third quarter. Private Advisor Group LLC now owns 22,189 shares of the semiconductor manufacturer’s stock worth $299,000 after buying an additional 5,261 shares during the period. Finally, Sheaff Brock Investment Advisors LLC increased its position in shares of Advanced Micro Devices by 42.6% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 31,975 shares of the semiconductor manufacturer’s stock worth $408,000 after buying an additional 9,550 shares during the period. Institutional investors own 58.63% of the company’s stock.

Several research firms recently commented on AMD. BMO Capital Markets cut shares of Advanced Micro Devices from an “outperform” rating to a “market perform” rating and set a $15.00 price objective on the stock. in a research report on Wednesday, July 26th. Barclays PLC reaffirmed an “underweight” rating and issued a $9.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, August 10th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Advanced Micro Devices in a research report on Wednesday, August 23rd. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $15.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, September 20th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Advanced Micro Devices in a research report on Saturday, July 22nd. Six analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Advanced Micro Devices presently has an average rating of “Hold” and an average 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.

Insider Buying and Selling by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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