Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) shares traded down 1.6% during trading on Monday . The company traded as low as $504.52 and last traded at $506.00. 19,808,884 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 35,564,742 shares. The stock had previously closed at $514.39.
Key Stories Impacting Advanced Micro Devices
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: CEO Lisa Su reportedly expects AMD’s server revenue—excluding AI accelerators—to grow more than 80% in the current half. The forecast suggests that AMD’s broader EPYC data-center business is accelerating alongside its AI opportunity. Lisa Su Says AMD’s Server Revenue Will Grow More Than 80%
- Positive Sentiment: Management upgraded its already optimistic longer-term outlook, while AMD introduced Instinct Coder for private enterprise AI. A reported acquisition of a Canadian startup and AMD’s planned collaboration with Cerebras could further strengthen its inference and enterprise-AI offerings. AMD Unveils Instinct Coder
- Positive Sentiment: Analysts remain broadly constructive, with reported price targets as high as $700 and a consensus target near $546.87. AMD’s latest quarterly results also showed strong momentum, including revenue growth of roughly 50% year over year and an earnings beat. AMD Analyst Ratings and Earnings
- Neutral Sentiment: AMD’s first 13F disclosed a $1.31 billion equity portfolio concentrated in six holdings, including a substantial SpaceX position. The filing is notable but has limited immediate impact on AMD’s semiconductor earnings outlook. AMD’s $1.3 Billion Portfolio
- Negative Sentiment: Valuation is a central concern after AMD’s major year-to-date advance. With a reported P/E ratio above 120, investors may be taking profits because strong AI growth is increasingly viewed as already reflected in the share price, particularly compared with NVIDIA. AMD Versus NVIDIA Valuation
- Negative Sentiment: AMD is also being dragged lower by a semiconductor-sector selloff tied to higher Treasury yields, inflation, elevated oil prices and Iran-related geopolitical tensions. These factors reduce appetite for high-growth AI stocks. AMD and Technology Stocks Decline as Bond Yields Rise
- Negative Sentiment: Ark Invest reportedly sold approximately $13.1 million of AMD shares while buying NVIDIA, reinforcing concerns about relative valuation and competitive positioning. Two AMD executives also sold shares under pre-arranged plans to cover taxes on vested awards; the transactions were not discretionary bearish bets but may weigh on sentiment. Ark Invest Sells AMD
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on AMD shares. Royal Bank Of Canada reiterated a “sector perform” rating and set a $540.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Robert W. Baird set a $1,250.00 price objective on shares of Advanced Micro Devices in a research report on Friday, July 24th. Barclays lowered shares of Advanced Micro Devices from an “overweight” rating to an “underweight” rating in a report on Friday, June 12th. Morgan Stanley boosted their price target on Advanced Micro Devices from $410.00 to $465.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 5th. Finally, BTIG Research raised shares of Advanced Micro Devices to a “buy” rating in a research note on Wednesday, May 6th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $546.87.
Advanced Micro Devices Stock Down 4.3%
The stock has a fifty day moving average price of $512.26 and a two-hundred day moving average price of $371.71. The company has a market cap of $790.75 billion, a P/E ratio of 124.52 and a beta of 2.48. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. The business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.Advanced Micro Devices’s quarterly revenue was up 50.1% compared to the same quarter last year. During the same period last year, the company posted $0.48 earnings per share. On average, research analysts expect that Advanced Micro Devices, Inc. will post 6.44 EPS for the current year.
Insider Buying and Selling
In related news, EVP Mark D. Papermaster sold 7,369 shares of Advanced Micro Devices stock in a transaction on Friday, August 14th. The shares were sold at an average price of $487.34, for a total value of $3,591,208.46. Following the transaction, the executive vice president owned 1,241,347 shares in the company, valued at $604,958,046.98. This trade represents a 0.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total value of $57,586,250.00. Following the transaction, the chief executive officer directly owned 2,896,899 shares in the company, valued at $1,334,572,400.31. This trade represents a 4.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 163,959 shares of company stock valued at $77,640,312 in the last ninety days. 0.50% of the stock is owned by insiders.
Institutional Trading of Advanced Micro Devices
Hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $4,929,312,000. Bank of America Corp DE purchased a new stake in Advanced Micro Devices during the second quarter valued at approximately $7,022,226,000. Jennison Associates LLC increased its holdings in Advanced Micro Devices by 181.6% during the fourth quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer’s stock valued at $2,336,552,000 after buying an additional 7,035,991 shares during the last quarter. Cardano Risk Management B.V. bought a new position in Advanced Micro Devices in the fourth quarter worth approximately $1,000,783,000. Finally, BlackRock Inc. boosted its stake in shares of Advanced Micro Devices by 3.1% during the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock worth $87,311,650,000 after acquiring an additional 4,535,126 shares during the last quarter. 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.
Read More
- Five stocks we like better than Advanced Micro Devices
- Amid Legal Risks, This Company Is Still Rated a Buy
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.
