Advanced Micro Devices (NASDAQ:AMD) EVP Sells 17,261 Shares

Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Forrest Norrod sold 17,261 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $503.05, for a total transaction of $8,683,146.05. Following the sale, the executive vice president directly owned 363,317 shares in the company, valued at $182,766,616.85. This trade represents a 4.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 transaction of $7,939,196.95.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock traded up $32.59 during mid-day trading on Thursday, reaching $545.09. The company had a trading volume of 28,198,774 shares, compared to its average volume of 33,459,059. The business has a fifty day simple moving average of $494.24 and a 200 day simple moving average of $411.50. The company has a market cap of $889.85 billion, a P/E ratio of 140.13, a P/E/G ratio of 5.23 and a beta of 2.48. Advanced Micro Devices, Inc. has a fifty-two week low of $149.85 and a fifty-two week high of $584.73. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The company had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. During the same period in the prior year, the business earned $0.48 earnings per share. The company’s revenue for the quarter was up 50.1% compared to the same quarter last year. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 6.43 earnings per share for the current year.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: Reported price increases support margins: Reports that AMD may raise GPU and CPU prices by roughly 10% are boosting expectations for improved revenue and profitability, particularly amid strong demand and constrained chip supply. AMD Stock Soars 5% on Reports of GPU and CPU Price Increases
• Positive Sentiment: Broad semiconductor rebound: AMD is leading a sector-wide recovery, with investors discounting near-term AI slowdown concerns and buying chipmakers including NVIDIA, Broadcom, Micron and Intel. The broader rally is providing additional momentum for AMD. AMD Jumps 7% as Semiconductor Rebound Reaches a Third Session
• Positive Sentiment: AI and data-center growth remain central to the bullish thesis: Recent commentary points to CPU and GPU ramps remaining on schedule, with prior quarterly revenue up about 50% year over year and data-center revenue up more than 100%. Analysts also continue to cite AMD’s opportunity to gain AI accelerator share. AMD rises as upbeat AI demand commentary and chip-sector rebound support shares
• Positive Sentiment: ROCm ecosystem expansion: AMD is working with SiFive to adapt its open-source ROCm AI software for RISC-V data-center servers, potentially broadening hardware compatibility and strengthening its alternative to NVIDIA’s CUDA ecosystem. Advanced Micro Devices Expands ROCm Support to RISC-V Datacenter Servers
• Neutral Sentiment: Technical and institutional support: AMD has moved above key recent trading levels, while institutional investors reportedly added shares during the second quarter. Several published price targets remain above the current market level, though the reported analyst median target is lower.
• Negative Sentiment: Competition and valuation risks persist: Huawei has introduced more than 10 AI chips aimed at NVIDIA, AMD and Intel, potentially increasing competitive pressure. AMD also trades at a demanding valuation, while extensive insider selling—including sales by CEO Lisa Su—could temper enthusiasm. Huawei Takes Aim at Nvidia and AMD with New AI Chipsets

Institutional Investors Weigh In On Advanced Micro Devices

Institutional investors and hedge funds have recently made changes to their positions in the stock. IKE Capital LLC acquired a new position in shares of Advanced Micro Devices in the second quarter worth approximately $473,000. Anchor Investment Management LLC increased its position in Advanced Micro Devices by 6.7% during the 2nd quarter. Anchor Investment Management LLC now owns 8,563 shares of the semiconductor manufacturer’s stock valued at $4,974,000 after purchasing an additional 539 shares during the period. Revere Asset Management Inc bought a new position in Advanced Micro Devices during the 2nd quarter worth approximately $369,000. Bullseye Investment Management LLC acquired a new position in shares of Advanced Micro Devices in the 2nd quarter worth approximately $44,000. Finally, Smith Chas P & Associates PA Cpas acquired a new position in shares of Advanced Micro Devices in the 2nd quarter worth approximately $277,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on AMD. JPMorgan Chase & Co. increased their target price on Advanced Micro Devices from $385.00 to $550.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Advanced Micro Devices in a report on Monday, August 3rd. Wells Fargo & Company upped their price objective on Advanced Micro Devices from $615.00 to $700.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Loop Capital upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a report on Tuesday, June 16th. Finally, Truist Financial lifted their target price on shares of Advanced Micro Devices from $478.00 to $594.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $565.12.

About Advanced Micro Devices

Advanced Micro Devices, Inc (NASDAQ: AMD) is a semiconductor company that designs high-performance computing, graphics and adaptive-processing products. Its portfolio includes central processing units (CPUs), graphics processing units (GPUs), accelerated processing units (APUs), field-programmable gate arrays (FPGAs) and adaptive system-on-chip products.

AMD serves customers across data centers, cloud computing, personal computers, gaming consoles, embedded systems and industrial applications.