Advanced Micro Devices (NASDAQ:AMD) Stock: Insider Nora Denzel Sells 9,000 Shares

Advanced Micro Devices, Inc. (NASDAQ:AMD) Director Nora Denzel sold 9,000 shares of the stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $564.88, for a total value of $5,083,920.00. Following the completion of the transaction, the director directly owned 78,173 shares of the company’s stock, valued at $44,158,364.24. This trade represents a 10.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Advanced Micro Devices Stock Performance

AMD traded down $51.24 during trading hours on Friday, hitting $534.06. The company’s stock had a trading volume of 49,061,909 shares, compared to its average volume of 33,352,236. The company has a 50-day simple moving average of $554.55 and a 200 day simple moving average of $422.13. The company has a current ratio of 2.72, a quick ratio of 1.93 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $875.90 billion, a PE ratio of 116.10, a PEG ratio of 5.63 and a beta of 2.49. Advanced Micro Devices, Inc. has a fifty-two week low of $188.22 and a fifty-two week high of $658.52.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. Advanced Micro Devices had a return on equity of 14.15% and a net margin of 16.77%. The company had revenue of $13.38 billion during the quarter, compared to analyst estimates of $13.10 billion. During the same quarter in the previous year, the firm posted $1.20 EPS. The firm’s quarterly revenue was up 44.7% on a year-over-year basis. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 6.93 EPS for the current year.

Advanced Micro Devices News Summary

Investors following AMD have been watching these news items:

• Positive Sentiment: Analyst support and Lisa Su’s CEO of the Year recognition reinforce the bullish longer-term narrative around AMD’s recent gains and competitive position, though neither fully offset Friday’s sector weakness. AMD’s Lisa Su named CEO of the year
• Negative Sentiment: Chip stocks sold off as investors reassessed whether Nvidia’s turmoil would benefit competitors or signal wider risks to the AI trade. AMD’s decline also reflected profit-taking after a sharp rally; its elevated valuation may make the stock more vulnerable to sentiment shifts. AMD and other chip stocks slide as Wall Street rethinks the AI trade
• Neutral Sentiment: Director Nora Denzel disclosed a sale of 9,000 AMD shares. The transaction is a modest insider sale and does not by itself establish a change in the company’s outlook. SEC filing

Institutional Trading of Advanced Micro Devices

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Flputnam Investment Management Co. boosted its stake in Advanced Micro Devices by 24.5% during the third quarter. Flputnam Investment Management Co. now owns 126,602 shares of the semiconductor manufacturer’s stock valued at $77,450,000 after buying an additional 24,936 shares in the last quarter. L2 Asset Management LLC grew its holdings in Advanced Micro Devices by 4.6% during the third quarter. L2 Asset Management LLC now owns 9,951 shares of the semiconductor manufacturer’s stock worth $6,087,000 after acquiring an additional 440 shares during the period. Haverford Trust Co grew its holdings in Advanced Micro Devices by 10.6% during the third quarter. Haverford Trust Co now owns 2,099 shares of the semiconductor manufacturer’s stock worth $1,284,000 after acquiring an additional 201 shares during the period. FORA Capital LLC raised its position in Advanced Micro Devices by 75.8% in the third quarter. FORA Capital LLC now owns 48,522 shares of the semiconductor manufacturer’s stock worth $29,681,000 after acquiring an additional 20,926 shares in the last quarter. Finally, Pathstone Holdings LLC raised its position in Advanced Micro Devices by 6.8% in the third quarter. Pathstone Holdings LLC now owns 229,944 shares of the semiconductor manufacturer’s stock worth $140,671,000 after acquiring an additional 14,633 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

AMD has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Sunday, November 8th. William Blair upgraded shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating in a research report on Thursday. Benchmark raised their target price on shares of Advanced Micro Devices from $485.00 to $685.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Mizuho lowered their target price on shares of Advanced Micro Devices from $705.00 to $610.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 4th. Finally, Rosenblatt Securities restated a “buy” rating and set a $700.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, November 4th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $640.11.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc. (AMD) is a semiconductor company that designs processors, graphics products and adaptive computing solutions. Its products serve data center, personal computing, gaming, embedded and other markets. AMD is a fabless chip designer, relying on third-party manufacturing partners to produce its semiconductors. The company’s product portfolio includes EPYC server processors, Ryzen desktop and laptop processors, Radeon graphics products, Instinct accelerators for data center computing, and adaptive chips and systems used in embedded applications.