Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report)’s stock price traded down 7.3% on Tuesday . The company traded as low as $507.25 and last traded at $507.29. 28,099,947 shares changed hands during trading, a decline of 26% from the average session volume of 38,054,625 shares. The stock had previously closed at $547.26.
Key Stories Impacting Advanced Micro Devices
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: Bernstein raised its price target on AMD to $600, citing strong AI infrastructure demand and improving server CPU trends. Why Is AMD Stock Gaining Thursday?
- Positive Sentiment: Citi upgraded AMD to Buy and lifted its target to $575, pointing to upside from Meta GPU sales and the broader “CPU renaissance” in AI. Citi Upgrades AMD Stock to ‘Buy’ on Massive Meta GPU Sales Potential
- Positive Sentiment: AMD and Rackspace signed a definitive agreement to deploy 30 MW of AMD-powered AI compute across Rackspace’s global data centers, reinforcing AMD’s enterprise AI footprint. AMD and Rackspace Team Up on a 30 MW AI Compute Agreement
- Positive Sentiment: AMD’s recent MEXT acquisition is being viewed as a strategic positive because it could improve memory optimization for inference and agentic AI workloads. Why AMD’s Recent Acquisition Makes the Stock Even More Attractive
- Neutral Sentiment: AMD also drew attention from articles arguing the stock has already run far and fast, which could temper enthusiasm after its sharp year-to-date surge. One Warning Signal AMD Investors Can’t Miss
Wall Street Analysts Forecast Growth
Several brokerages recently commented on AMD. Weiss Ratings raised shares of Advanced Micro Devices from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Citigroup lowered shares of Advanced Micro Devices from a “buy” rating to a “market perform” rating in a report on Friday, June 12th. Susquehanna boosted their price objective on shares of Advanced Micro Devices from $375.00 to $450.00 and gave the company a “positive” rating in a research report on Wednesday, May 6th. Wedbush upped their price objective on shares of Advanced Micro Devices from $290.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Finally, Erste Group Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $430.68.
Advanced Micro Devices Trading Up 5.2%
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’s fifty day moving average is $404.65 and its two-hundred day moving average is $281.16. The firm has a market cap of $879.43 billion, a P/E ratio of 176.83, a PEG ratio of 1.48 and a beta of 2.50.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $9.90 billion. During the same period in the prior year, the business earned $0.96 EPS. The company’s revenue for the quarter was up 37.8% on a year-over-year basis. Analysts predict that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the transaction, the chief executive officer owned 2,896,899 shares in the company, valued at approximately $1,334,572,400.31. This represents a 4.14% decrease in their position. The transaction was disclosed in a legal filing 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, Director Nora Denzel sold 8,626 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total value of $4,502,772.00. Following the completion of the transaction, the director directly owned 87,173 shares of the company’s stock, valued at $45,504,306. This represents a 9.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 378,032 shares of company stock valued at $161,876,596 over the last quarter. 0.50% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Advanced Micro Devices
Several hedge funds have recently made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock worth $5,551,000 after acquiring an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake 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 acquiring an additional 234 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in Advanced Micro Devices by 125.1% during the second quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock worth $758,000 after acquiring an additional 2,970 shares in the last quarter. United Bank grew its holdings in Advanced Micro Devices by 22.0% in the second quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer’s stock worth $1,881,000 after purchasing an additional 2,392 shares during the period. Finally, Schnieders Capital Management LLC. increased its stake in shares of Advanced Micro Devices by 361.0% during 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 in the last quarter. 71.34% of the stock is currently owned by institutional investors.
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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