Advanced Micro Devices (NASDAQ:AMD) Shares Down 2.3% – Time to Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s share price traded down 2.3% on Thursday . The stock traded as low as $525.00 and last traded at $539.69. Approximately 26,531,943 shares traded hands during trading, a decline of 27% from the average session volume of 36,415,051 shares. The stock had previously closed at $552.33.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: AMD and Cerebras announced a technical partnership to combine Helios and Wafer-Scale Engine technology, aiming for faster, more efficient AI inference and up to 5x higher tokens per second per watt. AMD and Cerebras Announce Industry-Leading Ultra-Low-Latency and High Throughput AI Inference Solution
• Positive Sentiment: Wedbush raised its price target to $600, and several other firms also boosted targets after AMD’s Advancing AI 2026 event, signaling stronger Wall Street confidence in AMD’s AI data center growth. AMD price target boosted on strengthening AI outlook
• Positive Sentiment: Other commentary highlighted AMD’s new Helios AI rack system, expanded OpenAI and Anthropic-related demand, and multiple bullish analyst notes, all of which support the view that AMD is gaining share in AI infrastructure. AMD plans to invest to up $5 billion into Anthropic as it seeks to cut into Nvidia’s dominance
• Neutral Sentiment: Short-interest data showed no meaningful change in practice, with reported short interest listed as zero shares, so this item does not appear to be a real trading catalyst.
• Neutral Sentiment: The broader semiconductor sector pulled back on valuation and profit-taking concerns, which may be weighing on AMD even as company-specific AI news remains constructive. Semiconductor Crossroads: Healthy Consolidation or Deeper Repricing?
• Negative Sentiment: AMD also appeared in reports about an AI-chip selloff and weaker risk appetite, suggesting some investors are taking profits after the stock’s strong run. AI Memory Stocks Lead Chip Selloff

Analyst Ratings Changes

Several research analysts recently commented on the company. The Goldman Sachs Group boosted their price target on Advanced Micro Devices from $450.00 to $640.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Truist Financial set a $478.00 price objective on Advanced Micro Devices in a report on Wednesday, May 6th. Melius Research set a $660.00 price objective on Advanced Micro Devices in a report on Friday. Susquehanna upped their target price on Advanced Micro Devices from $375.00 to $450.00 and gave the company a “positive” rating in a research report on Wednesday, May 6th. Finally, Benchmark increased their target price on Advanced Micro Devices from $485.00 to $685.00 and gave the company a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $522.43.

Advanced Micro Devices Stock Performance

The stock’s 50-day moving average price is $512.60 and its 200-day moving average price is $340.69. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $851.09 billion, a P/E ratio of 171.13, a P/E/G ratio of 1.57 and a beta of 2.47.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, beating the consensus estimate of $1.29 by $0.08. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The company’s quarterly revenue was up 37.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.96 EPS. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 6.25 EPS for the current year.

Insider Buying and Selling

In related news, EVP Forrest Eugene Norrod sold 19,487 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president owned 324,527 shares of the company’s stock, valued at approximately $140,000,947.80. This trade represents a 5.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 24,376 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $444.39, for a total value of $10,832,450.64. Following the completion of the sale, the executive vice president directly owned 105,222 shares in the company, valued at approximately $46,759,604.58. This trade represents a 18.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 310,310 shares of company stock valued at $141,185,456 over the last 90 days. 0.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Several large investors have recently added to or reduced their stakes in AMD. Regent Peak Wealth Advisors LLC boosted its stake in Advanced Micro Devices by 1.1% during the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 5,938 shares of the semiconductor manufacturer’s stock valued at $3,449,000 after purchasing an additional 66 shares during the period. Wedge Capital Management L L P NC bought a new position in Advanced Micro Devices in the 2nd quarter worth about $822,000. Annex Advisory Services LLC increased its stake in shares of Advanced Micro Devices by 28.3% in the second quarter. Annex Advisory Services LLC now owns 1,991 shares of the semiconductor manufacturer’s stock valued at $1,157,000 after purchasing an additional 439 shares during the period. Accel Wealth Management raised its holdings in shares of Advanced Micro Devices by 1.4% during the second quarter. Accel Wealth Management now owns 5,372 shares of the semiconductor manufacturer’s stock valued at $3,121,000 after buying an additional 74 shares during the last quarter. Finally, Whitener Capital Management Inc. bought a new stake in shares of Advanced Micro Devices during the second quarter valued at approximately $549,000. 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.