Forrest Eugene Norrod Sells 19,450 Shares of Advanced Micro Devices (NASDAQ:AMD) Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Forrest Eugene Norrod sold 19,450 shares of Advanced Micro Devices stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the transaction, the executive vice president owned 300,348 shares in the company, valued at $68,890,820.76. The trade was a 6.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Forrest Eugene Norrod also recently made the following trade(s):

• On Wednesday, September 24th, Forrest Eugene Norrod sold 2,250 shares of Advanced Micro Devices stock. The stock was sold at an average price of $165.01, for a total transaction of $371,272.50.
• On Wednesday, September 10th, Forrest Eugene Norrod sold 17,200 shares of Advanced Micro Devices stock. The shares were sold at an average price of $160.93, for a total value of $2,767,996.00.

Advanced Micro Devices Stock Down 1.1%

Shares of AMD traded down $2.24 during midday trading on Friday, reaching $203.78. 67,287,583 shares of the company were exchanged, compared to its average volume of 50,274,391. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $267.08. The stock has a 50-day moving average price of $213.60 and a 200-day moving average price of $167.26. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The company has a market cap of $331.76 billion, a price-to-earnings ratio of 117.11, a P/E/G ratio of 2.42 and a beta of 1.93.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $9.25 billion during the quarter, compared to analyst estimates of $8.76 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 earnings per share. Advanced Micro Devices has set its Q4 2025 guidance at EPS. Research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Institutional Investors Weigh In On Advanced Micro Devices

A number of institutional investors have recently modified their holdings of the stock. Brighton Jones LLC increased its holdings in Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after buying an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after acquiring an additional 234 shares in the last quarter. GW&K Investment Management LLC grew its position in shares of Advanced Micro Devices by 23.4% in the 1st quarter. GW&K Investment Management LLC now owns 1,223 shares of the semiconductor manufacturer’s stock worth $126,000 after acquiring an additional 232 shares in the last quarter. Ignite Planners LLC increased its holdings in shares of Advanced Micro Devices by 7.8% in the 1st quarter. Ignite Planners LLC now owns 3,002 shares of the semiconductor manufacturer’s stock valued at $290,000 after acquiring an additional 218 shares during the last quarter. Finally, PFG Advisors raised its position in shares of Advanced Micro Devices by 17.3% during the 1st quarter. PFG Advisors now owns 10,514 shares of the semiconductor manufacturer’s stock valued at $1,080,000 after acquiring an additional 1,551 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Susquehanna reiterated a “positive” rating and set a $300.00 price objective on shares of Advanced Micro Devices in a research note on Friday, October 31st. Robert W. Baird set a $300.00 price target on shares of Advanced Micro Devices in a report on Wednesday, November 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $300.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, November 12th. KGI Securities set a $260.00 price objective on shares of Advanced Micro Devices and gave the company an “outperform” rating in a research report on Monday, October 13th. Finally, Evercore ISI raised their target price on Advanced Micro Devices from $270.00 to $283.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $278.54.

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.