Insider Selling: Advanced Micro Devices (NASDAQ:AMD) EVP Sells 2,250 Shares of Stock

Key Points

• Forrest Eugene Norrod, Executive Vice President of Advanced Micro Devices (AMD), sold 2,250 shares at an average price of $165.01, totaling approximately $371,272.50, leading to a 0.72% reduction in his ownership stake.
• AMD's stock price fell to $159.46 amid increased trading volume, with the company experiencing a 52-week range between $76.48 and $186.65.
• The semiconductor company reported a missed earnings estimate of $0.48 EPS for the last quarter, falling short of the consensus estimate of $0.54, despite a 31.7% increase in revenue compared to the previous year.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) EVP Forrest Eugene Norrod sold 2,250 shares of the business's stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $165.01, for a total transaction of $371,272.50. Following the transaction, the executive vice president owned 311,598 shares in the company, valued at $51,416,785.98. This represents a 0.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

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

Advanced Micro Devices Price Performance

AMD traded down $1.81 during midday trading on Friday, hitting $159.46. 30,200,988 shares of the company traded hands, compared to its average volume of 46,521,398. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $186.65. The company has a market capitalization of $258.78 billion, a price-to-earnings ratio of 91.64, a PEG ratio of 1.90 and a beta of 1.92. The business has a 50 day simple moving average of $165.43 and a two-hundred day simple moving average of $130.84. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05.

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

Institutional Investors Weigh In On Advanced Micro Devices

Large investors have recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Advanced Micro Devices during the 2nd quarter valued at $3,094,662,000. Kingstone Capital Partners Texas LLC acquired a new stake in Advanced Micro Devices in the 2nd quarter valued at about $958,422,000. Goldman Sachs Group Inc. boosted its position in shares of Advanced Micro Devices by 169.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer's stock worth $1,012,538,000 after purchasing an additional 6,200,850 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in shares of Advanced Micro Devices by 131.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer's stock valued at $1,069,846,000 after purchasing an additional 5,915,185 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Advanced Micro Devices during the 1st quarter worth $436,746,000. Institutional investors own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Melius raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price objective for the company in a research report on Monday, June 23rd. Jefferies Financial Group boosted their price target on shares of Advanced Micro Devices from $100.00 to $160.00 in a research note on Wednesday, July 16th. Wells Fargo & Company raised their target price on shares of Advanced Micro Devices from $120.00 to $185.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Rosenblatt Securities reissued a "buy" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Friday, June 13th. Finally, Susquehanna raised their target price 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. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $180.88.

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.

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