Key Points
- AMD EVP Forrest Norrod sold 17,261 shares for approximately $7.94 million at an average price of $459.95 under a pre-arranged Rule 10b5-1 plan. He retained 373,317 shares worth about $171.7 million.
- AMD reported strong quarterly results, with earnings of $1.66 per share exceeding estimates and revenue rising 50.1% year over year to $11.54 billion. Data-center growth and upcoming AI products continue to support the company’s outlook.
- Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $553.72, though AMD faces elevated-valuation, export-policy, memory-cost and execution risks.
Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) EVP Forrest Eugene Norrod sold 17,261 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $459.95, for a total transaction of $7,939,196.95. Following the completion of the sale, the executive vice president owned 373,317 shares in the company, valued at approximately $171,707,154.15. This trade represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Advanced Micro Devices Price Performance
Shares of AMD stock opened at $480.93 on Thursday. Advanced Micro Devices, Inc. has a 12-month low of $149.22 and a 12-month high of $584.73. The firm has a market capitalization of $785.10 billion, a price-to-earnings ratio of 123.63 and a beta of 2.48. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average of $508.39 and a 200-day moving average of $381.97.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.04. The business had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm's quarterly revenue was up 50.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current year.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the business. Joseph Group Capital Management acquired a new stake in Advanced Micro Devices in the 4th quarter valued at $25,000. Sarver Vrooman Wealth Advisors bought a new stake in Advanced Micro Devices during the 4th quarter worth about $27,000. Cornerstone Financial Management LLC acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth about $27,000. Basepoint Wealth LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $30,000. Finally, JNBA Financial Advisors increased its position in shares of Advanced Micro Devices by 142.9% in the second quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer's stock valued at $30,000 after acquiring an additional 30 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the company. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $650.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Mizuho boosted their price objective on Advanced Micro Devices from $615.00 to $625.00 and gave the company an "outperform" rating in a research report on Monday, July 27th. Zacks Research raised Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 3rd. Needham & Company LLC upgraded shares of Advanced Micro Devices to a "buy" rating in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $540.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Four analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $553.72.
Read Our Latest Stock Report on AMD
Key Stories Impacting Advanced Micro Devices
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: Strong AI and data-center momentum: AMD reported second-quarter revenue of approximately $11.5 billion, up 50% year over year, while data-center revenue more than doubled to $6.7 billion. Management’s third-quarter outlook for roughly $13 billion of revenue and a 56% gross margin reinforced expectations for continued demand and operating leverage. AMD: The Low-Hanging Fruit Is Gone, But The Stock Is Still A Buy
- Positive Sentiment: Analyst support and competitive positioning: Wall Street firms reiterated bullish views and raised price targets, with Raymond James upgrading AMD to Strong Buy and BMO initiating coverage with a $550 target. Investors also see AMD as a potential alternative to Nvidia for hyperscalers, including through large customer deployments and opportunities in inference and agentic AI. AMD Stock Gets Strong Buy Upgrade From Raymond James
- Positive Sentiment: Product and ecosystem catalysts: AMD’s upcoming Instinct MI455X accelerator is expected to feature 432GB of HBM4 memory, while the Helios rack system is scheduled to begin initial shipments later this quarter. The company is also expanding UCIe connectivity, trusted-AI security capabilities and EPYC processor deployments for autonomous-driving applications. AMD's Next AI Accelerator Carries 432 Gigabytes of Memory
- Neutral Sentiment: Nvidia earnings remain a near-term trading catalyst: AMD and other semiconductor stocks benefited from positioning ahead of Nvidia’s results. Nvidia’s outlook could validate AI infrastructure demand or trigger a broader reassessment of accelerator valuations. NVIDIA Earnings Could Move These 3 AI Stocks
- Negative Sentiment: Insider selling weighs on sentiment: EVP Forrest Norrod sold 17,261 shares worth about $7.9 million under a pre-arranged Rule 10b5-1 plan. The sale is not necessarily a signal about fundamentals, but repeated insider disposals can add pressure after a sharp rally. AMD Insider Sale SEC Filing
- Negative Sentiment: Valuation and execution risks: With AMD trading at a high earnings multiple after a major advance, investors may demand continued exceptional growth. Export-policy uncertainty, rising memory costs and more than $10 billion of planned Taiwan packaging investment could increase execution and margin risks. AMD's Next Move Could Be Huge
About Advanced Micro Devices
(
Get Free Report)
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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