Insider Selling: Advanced Micro Devices (NASDAQ:AMD) EVP Sells 15,000 Shares of Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Paul Darren Grasby sold 15,000 shares of Advanced Micro Devices stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $514.91, for a total value of $7,723,650.00. Following the completion of the sale, the executive vice president directly owned 117,687 shares in the company, valued at $60,598,213.17. This represents a 11.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Advanced Micro Devices Stock Down 4.2%

Shares of AMD stock traded down $21.16 on Tuesday, hitting $484.84. 23,558,519 shares of the stock were exchanged, compared to its average volume of 35,490,988. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $791.49 billion, a P/E ratio of 124.64 and a beta of 2.48. Advanced Micro Devices, Inc. has a fifty-two week low of $149.22 and a fifty-two week high of $584.73. The business has a 50-day moving average of $512.08 and a 200 day moving average of $370.08.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. The business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.Advanced Micro Devices’s revenue for the quarter was up 50.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.48 EPS. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 6.44 EPS for the current year.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD introduced Instinct Coder, an enterprise-focused AI coding solution designed to support private, on-premises AI deployments. The launch reinforces AMD’s effort to expand its Instinct accelerator ecosystem beyond hyperscale data centers. Advanced Micro Devices Unveils Instinct Coder For Private Enterprise AI
• Positive Sentiment: AMD reportedly reached its AI rack energy-efficiency target, a potentially important advantage as data-center operators focus increasingly on power consumption and operating costs. However, the announcement has not offset broader selling pressure. AMD Stock Slides Despite Progress on an AI Energy Efficiency Goal
• Positive Sentiment: Reports highlight AMD’s acquisition of a small Canadian AI-inference startup and its collaboration with Cerebras on Helios rack platforms. If successful, the initiatives could improve inference performance and broaden AMD’s competitive positioning against Nvidia. AMD’s Acquisition Could Redefine Direct-Silicon AI Inference

Analysts Set New Price Targets

Several brokerages recently commented on AMD. Citigroup upgraded shares of Advanced Micro Devices from a “market perform” rating to a “buy” rating in a report on Wednesday, July 22nd. Zacks Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. William Blair restated a “market perform” rating on shares of Advanced Micro Devices in a report on Friday, July 24th. Stifel Nicolaus lifted their target price on Advanced Micro Devices from $450.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Mizuho increased their price target on Advanced Micro Devices from $615.00 to $625.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $546.87.

Institutional Trading of Advanced Micro Devices

A number of hedge funds have recently made changes to their positions in the business. Brighton Jones LLC raised its stake in 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 acquiring an additional 29,438 shares during the period. Revolve Wealth Partners LLC boosted its position in Advanced Micro Devices by 2.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after purchasing an additional 234 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of Advanced Micro Devices by 125.1% in the second 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 during the last quarter. United Bank raised its position in shares of Advanced Micro Devices by 22.0% in the second 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 during the period. Finally, Schnieders Capital Management LLC. raised its position in shares of Advanced Micro Devices by 361.0% in the second 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 during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

About Advanced Micro Devices

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.