Today, the SVP & GM DESG of Advanced Micro Devices (NASDAQ: AMD), Forrest Eugene Norrod, bought shares of AMD for $69K.
This recent transaction increases Forrest Eugene Norrod’s holding in the company by 4.08% to a total of $28.52 million. In addition to Forrest Eugene Norrod, one other AMD executive reported Buy trades in the last month.
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Based on Advanced Micro Devices’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.76 billion and quarterly net profit of $116 million. In comparison, last year the company earned revenue of $1.22 billion and had a GAAP net loss of $16 million. AMD’s market cap is $31.13B and the company has a P/E ratio of 99.78. Currently, Advanced Micro Devices has an average volume of 123.1M.
Based on 21 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $24.68, reflecting a -20.9% downside. 10 different firms, including Argus Research and Merrill Lynch, currently also have a Buy rating on the stock. Starting in September 2018, AMD received 8 Buy ratings in a row.
In the last 30 days, insiders have sold $9.68M worth of AMD shares and purchased $69K worth of AMD shares. The insider sentiment on Advanced Micro Devices has been negative according to 82 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Advanced Micro Devices, Inc. engages in the provision of semiconductor businesses. It operates through the Computing and Graphics; and Enterprise, Embedded and Semi-Custom segments. The Computing and Graphics segment includes desktop and notebook processors and chipsets, and discrete and integrated graphics processing units.
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