Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 2.3% on Insider Selling

Advanced Micro Devices, Inc. (NASDAQ:AMD) fell 2.3% during trading on Tuesday after an insider sold shares in the company. The stock traded as low as $426.11 and last traded at $448.29. 38,698,891 shares were traded during trading, a decline of 3% from the average session volume of 39,858,902 shares. The stock had previously closed at $458.79.

Specifically, EVP Paul Darren Grasby sold 24,376 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $444.39, for a total value of $10,832,450.64. Following the sale, the executive vice president owned 105,222 shares of the company’s stock, valued at $46,759,604.58. The trade was a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AMD. The Goldman Sachs Group raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and boosted their price target for the company from $240.00 to $450.00 in a research report on Wednesday, May 6th. JPMorgan Chase & Co. boosted their price target on shares of Advanced Micro Devices from $270.00 to $385.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Stifel Nicolaus boosted their price target on shares of Advanced Micro Devices from $320.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Mizuho boosted their price objective on shares of Advanced Micro Devices from $415.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Evercore reaffirmed an “outperform” rating and set a $358.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, February 24th. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $391.54.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: Mizuho raised its price target on AMD to $515 from $415 and kept an Outperform rating, citing strong demand tied to agentic AI server growth. Mizuho Just Hiked AMD Price Target to $515: Agentic AI Server Demand Powers the Bull Case
• Positive Sentiment: Analysts continue to highlight AMD as a beneficiary of the AI infrastructure buildout, with fresh coverage pointing to expanding demand for server CPUs and data-center hardware. AMD Stock Remains a Top Pick for This Top Analyst – Here’s Why
• Positive Sentiment: AMD’s latest Q1 results were strong, with revenue and earnings beating estimates and data-center sales showing powerful AI-driven growth, reinforcing the bullish long-term story. AMD Stock (AMD) Opinions on Q1 Earnings Beat

Advanced Micro Devices Trading Down 2.3%

The firm’s 50 day moving average is $253.97 and its 200 day moving average is $234.82. The company has a market cap of $730.98 billion, a PE ratio of 146.98, a PEG ratio of 1.40 and a beta of 2.40. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, beating the consensus estimate of $1.29 by $0.08. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $9.90 billion. During the same quarter in the previous year, the company earned $0.96 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 37.8% on a year-over-year basis. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 5.99 earnings per share for the current year.

Institutional Investors Weigh In On Advanced Micro Devices

A number of institutional investors have recently made changes to their positions in AMD. Brighton Jones LLC boosted its stake in shares of Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after purchasing an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake 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 valued at $1,001,000 after purchasing an additional 234 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Advanced Micro Devices by 125.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock valued at $758,000 after purchasing an additional 2,970 shares in the last quarter. United Bank boosted its stake in shares of Advanced Micro Devices by 22.0% in the 2nd quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer’s stock valued at $1,881,000 after purchasing an additional 2,392 shares in the last quarter. Finally, Schnieders Capital Management LLC. boosted its stake in shares of Advanced Micro Devices by 361.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 9,230 shares of the semiconductor manufacturer’s stock valued at $1,310,000 after purchasing an additional 7,228 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.