Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Forrest Eugene Norrod Sells 40,540 Shares

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

Advanced Micro Devices Trading Up 3.3 %

AMD opened at $149.82 on Friday. The stock has a market capitalization of $243.13 billion, a price-to-earnings ratio of 134.97, a P/E/G ratio of 1.94 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, Inc. has a twelve month low of $112.88 and a twelve month high of $227.30. The company has a 50-day simple moving average of $154.36 and a 200 day simple moving average of $155.56.

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

Institutional Investors Weigh In On Advanced Micro Devices

A number of large investors have recently modified their holdings of the business. Duality Advisers LP acquired a new stake in Advanced Micro Devices in the first quarter valued at approximately $4,545,000. Empirical Finance LLC boosted its holdings in shares of Advanced Micro Devices by 3.5% during the 1st quarter. Empirical Finance LLC now owns 58,309 shares of the semiconductor manufacturer’s stock valued at $10,524,000 after acquiring an additional 1,995 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Advanced Micro Devices by 19.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 68,990 shares of the semiconductor manufacturer’s stock worth $12,452,000 after acquiring an additional 11,368 shares during the last quarter. Quantbot Technologies LP acquired a new position in Advanced Micro Devices in the 1st quarter worth about $331,000. Finally, Stokes Family Office LLC raised its position in Advanced Micro Devices by 18.6% in the first quarter. Stokes Family Office LLC now owns 4,400 shares of the semiconductor manufacturer’s stock valued at $794,000 after purchasing an additional 690 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AMD shares. Bank of America reiterated a “buy” rating and set a $180.00 price target on shares of Advanced Micro Devices in a report on Thursday, October 3rd. Roth Mkm reiterated a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Friday, October 11th. Evercore ISI increased their price target on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, Piper Sandler reissued an “overweight” rating and issued a $180.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.