Advanced Micro Devices (NASDAQ:AMD) Trading Down 2.1% – Should You Sell?

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) dropped 2.1% on Friday . The stock traded as low as $502.61 and last traded at $521.58. 52,015,729 shares changed hands during mid-day trading, an increase of 38% from the average session volume of 37,818,934 shares. The stock had previously closed at $532.57.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: Analysts continue to raise price targets on AMD, with UBS and others highlighting improving data center and AI prospects and arguing the market is starting to value AMD as more than just a GPU challenger to Nvidia. AMD stock: why analysts are suddenly raising their price targets
• Positive Sentiment: Gartner reportedly named AMD the top company to beat for enterprise AI server CPUs, reinforcing its credibility in AI infrastructure beyond GPUs. What’s Going On With AMD Stock Friday?
• Positive Sentiment: AMD and Rackspace Technology signed a definitive agreement for an initial 30 MW deployment of AMD-based infrastructure, a sign of real-world demand for AMD’s data center products. Advanced Micro Devices (AMD) and Rackspace Technology Sign a Definitive Agreement
• Positive Sentiment: Several articles point to AMD’s longer-term upside in AI and data centers, with bullish commentary suggesting the company could still compound strongly from here if execution stays on track. Can AMD Become a $1 Trillion Company? One Top Analyst Thinks So
• Neutral Sentiment: Coverage also focused on AMD’s valuation after its huge rally, with some writers arguing the stock can still rise over time but that the current multiple leaves little room for disappointment. Is The Growth Baked Into Advanced Micro Devices Stock Believable?
• Negative Sentiment: AI-chip stocks including AMD were weak as the sector cooled, with traders rotating away from semiconductors despite the company’s strong long-term narrative. Why AI Chip Stocks MU, AMD, INTC, TSM Are Falling Today — June 26, 2026
• Negative Sentiment: Technical-trading coverage says AMD dipped in premarket as momentum cooled, suggesting near-term profit-taking after a sharp year-to-date surge. What’s Going On With AMD Stock Friday?

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Jefferies Financial Group lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Wednesday, May 6th. TD Cowen upped their target price on Advanced Micro Devices from $500.00 to $600.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Barclays downgraded Advanced Micro Devices from an “overweight” rating to an “underweight” rating in a report on Friday, June 12th. Roth Mkm reaffirmed a “buy” rating and set a $500.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, May 6th. Finally, BTIG Research upgraded shares of Advanced Micro Devices to a “buy” rating in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $440.41.

Advanced Micro Devices Stock Down 2.1%

The company has a market capitalization of $850.49 billion, a price-to-earnings ratio of 171.01, a PEG ratio of 1.53 and a beta of 2.50. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72. The business’s 50 day moving average is $439.94 and its 200 day moving average is $294.52.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $9.90 billion. During the same quarter in the prior year, the business posted $0.96 EPS. Advanced Micro Devices’s revenue for the quarter was up 37.8% compared to the same quarter last year. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 6.15 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Forrest Eugene Norrod sold 19,487 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the transaction, the executive vice president directly owned 324,527 shares of the company’s stock, valued at approximately $140,000,947.80. This represents a 5.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 31,320 shares of the firm’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $350.00, for a total value of $10,962,000.00. Following the completion of the transaction, the executive vice president owned 1,236,037 shares of the company’s stock, valued at approximately $432,612,950. The trade was a 2.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 378,032 shares of company stock worth $161,876,596 over the last three months. Corporate insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of institutional investors have recently bought and sold shares of AMD. Joseph Group Capital Management purchased a new position in shares of Advanced Micro Devices during the fourth quarter worth $25,000. Cornerstone Financial Management LLC purchased a new stake in Advanced Micro Devices in the fourth quarter valued at $27,000. Sarver Vrooman Wealth Advisors acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $27,000. Basepoint Wealth LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $30,000. Finally, Graney & King LLC purchased a new position in shares of Advanced Micro Devices during the 1st quarter valued at about $31,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

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.