Insider Selling: Advanced Micro Devices (NASDAQ:AMD) EVP Sells 17,262 Shares of Stock

October 20, 2026 by InsiderTrades.com

Key Points

AMD EVP Forrest Norrod sold 17,262 shares at an average price of $540.70, totaling approximately $9.3 million. The sale was made under a pre-arranged Rule 10b5-1 plan, and he still owns 353,317 shares.
Norrod has also sold roughly 17,261 shares in each of two earlier transactions, at average prices of $503.05 and $459.95, respectively.
AMD recently reported better-than-expected quarterly earnings and revenue growth, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $603.51.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) EVP Forrest Norrod sold 17,262 shares of the firm's stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $540.70, for a total value of $9,333,563.40. Following the sale, the executive vice president owned 353,317 shares in the company, valued at $191,038,501.90. This trade represents a 4.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

On Tuesday, September 15th, Forrest Norrod sold 17,261 shares of Advanced Micro Devices stock. The shares were sold at an average price of $503.05, for a total value of $8,683,146.05.
On Monday, August 24th, Forrest Norrod sold 17,261 shares of Advanced Micro Devices stock. The shares were sold at an average price of $459.95, for a total value of $7,939,196.95.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $538.05 on Tuesday. The business's 50-day moving average price is $538.39 and its 200 day moving average price is $476.52. Advanced Micro Devices, Inc. has a twelve month low of $188.22 and a twelve month high of $658.52. The company has a market capitalization of $878.35 billion, a PE ratio of 111.08, a price-to-earnings-growth ratio of 5.43 and a beta of 2.45. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03.

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Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.62 by $0.04. The company had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The firm's revenue was up 50.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 EPS. On average, research analysts predict that Advanced Micro Devices, Inc. will post 6.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMD. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $540.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Argus boosted their price objective on shares of Advanced Micro Devices from $450.00 to $625.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Raymond James Financial raised shares of Advanced Micro Devices from an "outperform" rating to a "strong-buy" rating and boosted their price objective for the company from $565.00 to $641.00 in a research note on Tuesday, August 25th. Melius Research set a $660.00 price objective on Advanced Micro Devices in a report on Friday, July 24th. Finally, Benchmark upped their price objective on Advanced Micro Devices from $485.00 to $685.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Three analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and an average target price of $603.51.

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Institutional Trading of Advanced Micro Devices

A number of institutional investors have recently modified their holdings of AMD. Southpoint Capital Advisors LP increased its holdings in Advanced Micro Devices by 50.0% in the 1st quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer's stock valued at $183,087,000 after purchasing an additional 300,000 shares in the last quarter. Boomfish Wealth Group LLC purchased a new position in Advanced Micro Devices in the first quarter valued at about $1,193,000. Dimensional Fund Advisors LP raised its position in Advanced Micro Devices by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer's stock valued at $1,045,954,000 after purchasing an additional 291,165 shares during the period. Ferguson Wellman Capital Management Inc. lifted its stake in shares of Advanced Micro Devices by 6,968.7% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 140,313 shares of the semiconductor manufacturer's stock worth $85,995,000 after purchasing an additional 138,328 shares in the last quarter. Finally, Douglas Lane & Associates LLC lifted its stake in shares of Advanced Micro Devices by 2,748.0% during the third quarter. Douglas Lane & Associates LLC now owns 85,952 shares of the semiconductor manufacturer's stock worth $52,582,000 after purchasing an additional 82,934 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Key Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

Positive Sentiment: Analyst bullishness and AI opportunity: TD Cowen reiterated a Buy rating and a $675 price target, citing potential growth in agentic AI that could lift AMD’s CPU sales by roughly 70% next year. Why AMD Stock Popped on Monday
Positive Sentiment: Strong earnings expectations: AMD is expected to report third-quarter revenue of approximately $13 billion, representing about 41% year-over-year growth. The company has exceeded the high end of its own revenue guidance in each of the past two quarters, supporting optimism ahead of the expected November 3 report. AMD Stock Is Up Over 140% This Year
Positive Sentiment: Sector-wide recovery: AMD benefited from dip-buying after an eight-session semiconductor selloff, with falling oil prices and a broader rebound in technology shares adding support. Institutional positioning in leveraged semiconductor funds also suggests some investors view the pullback as temporary. Why Are Intel and AMD Stocks Rising on Monday?
Positive Sentiment: Long-term growth case: Coverage continues to highlight AMD’s exposure to data-center infrastructure, AI accelerators, PCs and gaming. AMD is also viewed as more diversified than Nvidia, potentially providing some resilience if data-center spending slows. Nvidia vs. AMD: Which Business Is More Exposed to a Data-Center Slowdown?
Neutral Sentiment: Insider transaction: Executive Vice President Forrest Norrod sold 17,262 shares worth approximately $9.3 million under a pre-arranged Rule 10b5-1 plan. He still retained 353,317 shares, making the transaction a limited sentiment signal rather than a clear change in company outlook.
Negative Sentiment: Valuation and profit sensitivity: A Seeking Alpha analysis downgraded AMD, arguing that the stock no longer merits an “underdog” valuation after its substantial rally. With a reported P/E ratio above 138, further gains depend on rapid execution and earnings growth. AMD Downgrade Analysis
Negative Sentiment: Trading pressure and AI-cycle risks: ETFs were net sellers of AMD shares, while analysts have warned that leveraged AI financing, margin compression and delayed data-center projects could amplify volatility if AI spending weakens.

About Advanced Micro Devices

(Get Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD's product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.