Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) SVP Ava Hahn sold 2,993 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $488.69, for a total value of $1,462,649.17. Following the completion of the transaction, the senior vice president directly owned 26,623 shares of the company’s stock, valued at approximately $13,010,393.87. The trade was a 10.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ava Hahn also recently made the following trade(s):
- On Tuesday, August 11th, Ava Hahn sold 143 shares of Advanced Micro Devices stock. The shares were sold at an average price of $474.75, for a total value of $67,889.25.
Advanced Micro Devices Stock Up 0.6%
Shares of NASDAQ:AMD opened at $469.45 on Friday. Advanced Micro Devices, Inc. has a 52 week low of $149.22 and a 52 week high of $584.73. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. The company’s fifty day moving average is $512.16 and its 200-day moving average is $374.86. The company has a market capitalization of $766.36 billion, a PE ratio of 120.68 and a beta of 2.48.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on AMD. TD Cowen reaffirmed a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, August 5th. William Blair reaffirmed a “market perform” rating on shares of Advanced Micro Devices in a report on Friday, July 24th. Argus upped their price target on shares of Advanced Micro Devices from $450.00 to $625.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Needham & Company LLC raised shares of Advanced Micro Devices to a “buy” rating in a report on Wednesday, May 6th. Finally, Benchmark increased their price objective on shares of Advanced Micro Devices from $485.00 to $685.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $546.95.
Check Out Our Latest Analysis on AMD
Hedge Funds Weigh In On Advanced Micro Devices
Several hedge funds have recently added to or reduced their stakes in AMD. Joseph Group Capital Management bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $25,000. Sarver Vrooman Wealth Advisors acquired a new position in Advanced Micro Devices in the fourth quarter valued at approximately $27,000. Cornerstone Financial Management LLC bought a new position in Advanced Micro Devices in the fourth quarter valued at approximately $27,000. Basepoint Wealth LLC bought a new position in Advanced Micro Devices in the fourth quarter valued at approximately $30,000. Finally, JNBA Financial Advisors grew its holdings in Advanced Micro Devices by 142.9% during the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer’s stock worth $30,000 after acquiring an additional 30 shares during the period. Institutional investors own 71.34% of the company’s stock.
Key Headlines Impacting Advanced Micro Devices
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: Google is reportedly collaborating with AMD on its next-generation TPU, potentially giving AMD a significant design win and deepening its relationship with a major AI infrastructure customer. Google Reportedly Working With AMD on Its New TPU
- Positive Sentiment: Coatue Management opened a new AMD position valued at about $55.8 million in the second quarter, signaling institutional interest in AMD’s AI-chip opportunity. AMD’s latest quarterly results also showed revenue growth of 50.1% year over year to $11.54 billion, exceeding analyst expectations. Coatue Management Opens AMD Position
- Positive Sentiment: AMD appointed Tim Ryan to its board, adding experience in technology, enterprise operations and financial governance. The company also named KC McClure chair of its Audit and Finance Committee. AMD Appoints Tim Ryan
- Neutral Sentiment: Analyst commentary remains broadly constructive, with a consensus “Moderate Buy” rating and a $546.95 target, but AMD’s elevated valuation increases the risk of a pullback if AI growth expectations are not met. AMD Valuation Analysis
- Negative Sentiment: Google’s broader $120 billion custom-chip initiative and its expanding relationship with Marvell create additional competition for AMD in AI inference workloads, weighing on semiconductor shares. Google Expands Custom-Chip Push
- Negative Sentiment: ARK Invest continued trimming AMD while adding Nvidia, suggesting some investors are favoring AMD’s larger rival. CEO Lisa Su and SVP Ava Hahn also sold shares totaling roughly $8.7 million. Both insider transactions were executed under pre-arranged Rule 10b5-1 plans, which reduces their significance but may still hurt sentiment. ARK Invest Trims AMD
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.
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