Advanced Micro Devices (NASDAQ:AMD) EVP Forrest Eugene Norrod Sells 17,200 Shares

Key Points

• EVP Forrest Eugene Norrod of Advanced Micro Devices sold 17,200 shares at an average price of $160.93, totaling approximately $2.76 million, leading to a 5.20% decrease in his ownership.
• Advanced Micro Devices' shares rose by 1.9% to $158.57, with a notable trading volume of over 42 million shares.
• Despite a missed earnings estimate of $0.54 per share, AMD reported $7.69 billion in quarterly revenue, a year-over-year increase of 31.7%.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) EVP Forrest Eugene Norrod sold 17,200 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total transaction of $2,767,996.00. Following the transaction, the executive vice president owned 313,848 shares in the company, valued at $50,507,558.64. This represents a 5.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Advanced Micro Devices Stock Up 1.9%

Shares of NASDAQ AMD traded up $2.90 during trading on Friday, hitting $158.57. 42,142,829 shares of the company traded hands, compared to its average volume of 46,677,320. The business's fifty day moving average is $162.72 and its 200 day moving average is $126.75. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $186.65. The firm has a market capitalization of $257.33 billion, a price-to-earnings ratio of 91.13, a P/E/G ratio of 1.88 and a beta of 1.92. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The business had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same quarter in the prior year, the company earned $0.69 EPS. The company's revenue was up 31.7% on a year-over-year basis. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Equities research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AMD shares. Erste Group Bank lowered shares of Advanced Micro Devices from a "buy" rating to a "hold" rating in a report on Thursday. HSBC reduced their price objective on shares of Advanced Micro Devices from $200.00 to $185.00 and set a "buy" rating for the company in a research report on Tuesday. Susquehanna upped their price objective on shares of Advanced Micro Devices from $135.00 to $210.00 and gave the stock a "positive" rating in a research report on Wednesday, July 30th. Piper Sandler upped their price objective on shares of Advanced Micro Devices from $140.00 to $190.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Finally, Benchmark upped their price objective on shares of Advanced Micro Devices from $170.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average target price of $180.88.

Hedge Funds Weigh In On Advanced Micro Devices

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Advanced Micro Devices by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 154,648,859 shares of the semiconductor manufacturer's stock worth $21,944,673,000 after purchasing an additional 2,281,508 shares during the period. State Street Corp raised its position in Advanced Micro Devices by 0.8% in the 2nd quarter. State Street Corp now owns 72,069,259 shares of the semiconductor manufacturer's stock worth $10,226,628,000 after purchasing an additional 581,330 shares during the period. Geode Capital Management LLC raised its position in Advanced Micro Devices by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 36,690,685 shares of the semiconductor manufacturer's stock worth $5,181,556,000 after purchasing an additional 514,445 shares during the period. Norges Bank purchased a new position in Advanced Micro Devices in the 2nd quarter worth $3,094,662,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Advanced Micro Devices by 9.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,401,436 shares of the semiconductor manufacturer's stock worth $2,585,079,000 after purchasing an additional 1,929,225 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

About Advanced Micro Devices

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.

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