Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 8.8% After Insider Selling

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares traded down 8.8% during mid-day trading on Friday after an insider sold shares in the company. The company traded as low as $520.01 and last traded at $534.06. 48,689,260 shares changed hands during mid-day trading, an increase of 50% from the average daily volume of 32,445,775 shares. The stock had previously closed at $585.30.

Specifically, Director Nora Denzel sold 9,000 shares of the stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $564.88, for a total value of $5,083,920.00. Following the sale, the director owned 78,173 shares in the company, valued at $44,158,364.24. This represents a 10.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Advanced Micro Devices from $465.00 to $510.00 and gave the company an “equal weight” rating in a research report on Monday, November 2nd. Barclays assumed coverage on Advanced Micro Devices in a research note on Thursday. They set an “overweight” rating for the company. Robert W. Baird set a $1,250.00 price objective on Advanced Micro Devices in a report on Friday, July 24th. Argus upped their target price on Advanced Micro Devices from $450.00 to $625.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings lowered Advanced Micro Devices from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, November 4th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $640.11.

Key Advanced Micro Devices News

Investors following AMD have been watching these news items:

• Positive Sentiment: AMD could benefit over time as cloud providers diversify AI-chip suppliers amid uncertainty at Nvidia. Google’s selection of AMD EPYC processors for infrastructure supporting its next-generation TPU chips also highlights demand beyond AMD’s GPU business. Article: How to Play AMD Stock as Google Picks EPYC for Its Next-Gen TPUs
• Neutral Sentiment: The Nvidia leadership crisis initially encouraged investors to rotate into AMD, but it has also intensified uncertainty across the chip sector. Risks such as tighter export controls could affect semiconductor companies broadly. Article: Checkmate for AI Chips? NVIDIA’s Crisis Opens the Board
• Negative Sentiment: That rotation reversed as chip shares sold off broadly and investors unwound the rally. AMD had surged in recent sessions, leaving room for profit-taking; the Nasdaq’s decline and losses across major semiconductor names added pressure. Article: AMD Sinks as Chip Rally Unwinds

Advanced Micro Devices Stock Performance

The business’s 50-day simple moving average is $552.99 and its two-hundred day simple moving average is $420.72. The firm has a market cap of $875.91 billion, a price-to-earnings ratio of 116.10, a P/E/G ratio of 5.32 and a beta of 2.49. The company has a quick ratio of 1.93, a current ratio of 2.72 and a debt-to-equity ratio of 0.10.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 EPS for the quarter, beating 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 business had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $13.10 billion. During the same period in the previous year, the business earned $1.20 earnings per share. The business’s revenue was up 44.7% compared to the same quarter last year. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 6.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. DecisionPoint Financial LLC grew its stake in Advanced Micro Devices by 79.2% during the 3rd quarter. DecisionPoint Financial LLC now owns 43 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 19 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in Advanced Micro Devices in the 3rd quarter worth approximately $29,000. JNBA Financial Advisors lifted its stake in Advanced Micro Devices by 142.9% in the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 30 shares in the last quarter. Downshift Financial LLC lifted its stake in Advanced Micro Devices by 850.0% in the 3rd quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer’s stock worth $35,000 after purchasing an additional 51 shares in the last quarter. Finally, Sawyer & Company Inc acquired a new position in shares of Advanced Micro Devices during the 3rd quarter worth approximately $37,000. 71.34% of the stock is owned by institutional investors and hedge funds.

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.