Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 6% – Should You Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD) was down 6% on Friday. The company traded as low as $526.83 and last traded at $528.75. Approximately 22,344,251 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 32,225,340 shares. The stock had previously closed at $562.23.

Key Advanced Micro Devices News

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

• Positive Sentiment: Analysts remain constructive on AMD’s long-term AI opportunity. Arete raised its price target to $612 from $540, while coverage highlights strong data-center growth, AI accelerator momentum and AMD’s open Helios rack-scale architecture. Arete Adjusts Price Target on Advanced Micro Devices to $612 From $540
• Positive Sentiment: AMD’s credit-support agreement for Fermi’s 222-megawatt Texas data-center project could strengthen its position in AI infrastructure and potentially support additional hardware demand. AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle
• Neutral Sentiment: Exchange-traded funds were net sellers of AMD on October 14, adding evidence of institutional repositioning during the semiconductor pullback. AMD’s next major scheduled catalyst is its third-quarter 2026 results on November 3. ETFs Are Net Sellers of Advanced Micro Devices (AMD) on Oct. 14
• Negative Sentiment: A broad chip selloff intensified after a Qualcomm jury verdict, with Arm, AMD and other semiconductor stocks pressured together. Investors are questioning whether extremely high AI-infrastructure spending can continue at its recent pace, particularly as rising Treasury yields and higher-for-longer interest rates make expensive growth stocks more vulnerable to valuation compression. Arm and AMD Fall 5% as Qualcomm Verdict Adds to Chip Selloff
• Negative Sentiment: AMD’s elevated valuation and high volatility are increasing downside sensitivity if AI demand or spending expectations cool. Reports also point to extensive recent insider selling, including sales by senior executives, which may weigh on sentiment even though it does not necessarily indicate deteriorating business fundamentals. AMD Slides as Chip Selloff Continues and Investors Reassess AI Spending

Analyst Upgrades and Downgrades

AMD has been the topic of several research analyst reports. Roth Capital upped their price objective on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Stifel Nicolaus raised their price target on Advanced Micro Devices from $635.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, October 5th. Melius Research set a $660.00 price objective on Advanced Micro Devices in a research report on Friday, July 24th. JPMorgan Chase & Co. lifted their price target on shares of Advanced Micro Devices from $385.00 to $550.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $700.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, September 29th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $603.51.

Advanced Micro Devices Stock Performance

The business’s fifty day simple moving average is $536.11 and its 200-day simple moving average is $471.82. The firm has a market cap of $863.17 billion, a P/E ratio of 135.93, a price-to-earnings-growth ratio of 5.90 and a beta of 2.45. 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 posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. The company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. Advanced Micro Devices’s revenue for the quarter was up 50.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 6.45 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark Papermaster sold 28,811 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the transaction, the executive vice president directly owned 1,261,461 shares of the company’s stock, valued at approximately $595,245,602.07. The trade was a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,261 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $503.05, for a total value of $8,683,146.05. Following the transaction, the executive vice president owned 363,317 shares of the company’s stock, valued at approximately $182,766,616.85. This represents a 4.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 213,838 shares of company stock worth $105,533,836. Corporate insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Large investors have recently modified their holdings of the stock. Opal Wealth Advisors LLC lifted its position in Advanced Micro Devices by 37.1% during the 3rd quarter. Opal Wealth Advisors LLC now owns 791 shares of the semiconductor manufacturer’s stock valued at $484,000 after acquiring an additional 214 shares during the period. KFG Wealth Management LLC increased its position in Advanced Micro Devices by 13.0% during the 3rd quarter. KFG Wealth Management LLC now owns 477 shares of the semiconductor manufacturer’s stock valued at $292,000 after buying an additional 55 shares in the last quarter. Rise Advisors LLC grew its stake in shares of Advanced Micro Devices by 7.1% in the third quarter. Rise Advisors LLC now owns 1,188 shares of the semiconductor manufacturer’s stock worth $727,000 after acquiring an additional 79 shares during the last quarter. Cyndeo Wealth Partners LLC raised its position in shares of Advanced Micro Devices by 69.6% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 5,538 shares of the semiconductor manufacturer’s stock worth $3,388,000 after purchasing an additional 2,272 shares during the last quarter. Finally, Eagle Bay Advisors LLC grew its position in Advanced Micro Devices by 10.2% during the 3rd quarter. Eagle Bay Advisors LLC now owns 1,494 shares of the semiconductor manufacturer’s stock valued at $914,000 after purchasing an additional 138 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded devices and other specialized markets.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics products, and Instinct accelerators designed for artificial intelligence and high-performance computing workloads.