Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) EVP Paul Darren Grasby sold 24,376 shares of Advanced Micro Devices 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 transaction, the executive vice president directly owned 105,222 shares in the company, valued at approximately $46,759,604.58. This represents a 18.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Paul Darren Grasby also recently made the following trade(s):
- On Wednesday, March 11th, Paul Darren Grasby sold 7,500 shares of Advanced Micro Devices stock. The stock was sold at an average price of $204.87, for a total value of $1,536,525.00.
Advanced Micro Devices Stock Performance
NASDAQ AMD traded down $10.50 during trading on Tuesday, hitting $448.29. The company’s stock had a trading volume of 38,893,047 shares, compared to its average volume of 39,859,809. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average price of $253.97 and a 200 day moving average price of $234.82. The firm has a market cap of $730.98 billion, a P/E ratio of 146.98, a price-to-earnings-growth ratio of 1.40 and a beta of 2.40. Advanced Micro Devices, Inc. has a 52 week low of $107.67 and a 52 week high of $469.21.
Advanced Micro Devices News Roundup
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: Mizuho raised its price target on AMD to $515 from $415 and reiterated an Outperform rating, citing continued demand from agentic AI server infrastructure. Article Title
- Positive Sentiment: Multiple articles highlight AMD’s post-earnings momentum, with strong Q1 results, record data center revenue, and optimism that CPUs will play a larger role in the next phase of AI buildouts. Article Title
- Positive Sentiment: AMD’s new and expanded AI-related partnerships, including the Rackspace collaboration and reported MI450 customer deals with major AI players, reinforce the market’s view that AMD is gaining share in AI infrastructure. Article Title
- Neutral Sentiment: Several notes suggest AMD has become a very crowded trade, with commentary pointing to overextended technicals and a possible pullback after an exceptional rally. Article Title
- Negative Sentiment: Broader chip-sector weakness is weighing on AMD as investors trim exposure to semiconductor names after a strong multi-week surge. Article Title
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on AMD shares. Citigroup boosted their price objective on Advanced Micro Devices from $248.00 to $358.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. HSBC cut Advanced Micro Devices from a “buy” rating to a “hold” rating and boosted their price objective for the company from $335.00 to $340.00 in a research report on Monday, May 4th. Wells Fargo & Company boosted their price objective on Advanced Micro Devices from $345.00 to $505.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Truist Financial set a $478.00 price objective on Advanced Micro Devices in a research report on Wednesday, May 6th. Finally, Wolfe Research started coverage on Advanced Micro Devices in a research report on Wednesday, May 6th. They set a “peer perform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $391.54.
Check Out Our Latest Report on Advanced Micro Devices
Hedge Funds Weigh In On Advanced Micro Devices
Large investors have recently made changes to their positions in the company. Joseph Group Capital Management acquired a new position in shares of Advanced Micro Devices during the fourth quarter valued at $25,000. ORG Wealth Partners LLC raised its position in shares of Advanced Micro Devices by 39.7% during the third quarter. ORG Wealth Partners LLC now owns 162 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 46 shares during the period. Koesten Hirschmann & Crabtree INC. raised its position in shares of Advanced Micro Devices by 61.0% during the third quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 61 shares during the period. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $27,000. Finally, Cornerstone Financial Management LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter worth about $27,000. Institutional investors and hedge funds own 71.34% of the company’s stock.
Advanced Micro Devices Company Profile
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.
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