Key Points
- AMD director Nora Denzel sold 9,000 shares for about $5.08 million, reducing her stake by 10.32%; she retained 78,173 shares.
- AMD shares fell 8.8% on Friday amid weakness in chip stocks and concerns about the AI trade.
- AMD reported quarterly EPS of $2.09 and revenue of $13.38 billion, beating analyst estimates; analysts’ consensus rating was “Moderate Buy,” with a $640.11 average price target.
Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) Director Nora Denzel sold 9,000 shares of the company's stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $564.88, for a total value of $5,083,920.00. Following the sale, the director owned 78,173 shares in the company, valued at approximately $44,158,364.24. This represents a 10.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Advanced Micro Devices Stock Down 8.8%
Shares of NASDAQ AMD traded down $51.24 during trading hours on Friday, hitting $534.06. The company had a trading volume of 49,061,909 shares, compared to its average volume of 33,352,236. The stock has a market capitalization of $875.90 billion, a P/E ratio of 116.10, a price-to-earnings-growth ratio of 5.63 and a beta of 2.49. The company has a quick ratio of 1.93, a current ratio of 2.72 and a debt-to-equity ratio of 0.10. Advanced Micro Devices, Inc. has a 1-year low of $188.22 and a 1-year high of $658.52. The firm's 50 day moving average is $554.55 and its 200-day moving average is $422.13.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.14. The business had revenue of $13.38 billion during the quarter, compared to analysts' expectations of $13.10 billion. Advanced Micro Devices had a net margin of 16.77% and a return on equity of 14.15%. The firm's revenue was up 44.7% on a year-over-year basis. During the same period last year, the business earned $1.20 earnings per share. On average, analysts expect that Advanced Micro Devices, Inc. will post 6.93 earnings per share for the current fiscal year.
Top Advanced Micro Devices Stories
Investors following AMD have been watching these stories:
- Positive Sentiment: Google’s selection of AMD EPYC processors for infrastructure supporting its next-generation TPU chips strengthens AMD’s role in hyperscaler AI systems and could support data-center growth. How to Play AMD Stock as Google Picks EPYC for Its Next-Gen TPUs
- Positive Sentiment: Analyst support and Lisa Su’s CEO of the Year recognition reinforce the bullish longer-term narrative around AMD’s recent gains and competitive position, though neither fully offset Friday’s sector weakness. AMD’s Lisa Su named CEO of the year
- Negative Sentiment: Chip stocks sold off as investors reassessed whether Nvidia’s turmoil would benefit competitors or signal wider risks to the AI trade. AMD’s decline also reflected profit-taking after a sharp rally; its elevated valuation may make the stock more vulnerable to sentiment shifts. AMD and other chip stocks slide as Wall Street rethinks the AI trade
Analysts Set New Price Targets
A number of research analysts have recently commented on the stock. William Blair raised shares of Advanced Micro Devices from a "market perform" rating to an "outperform" rating in a research report on Thursday. Union Gaming Research restated a "positive" rating on shares of Advanced Micro Devices in a research note on Wednesday, November 4th. HC Wainwright initiated coverage on shares of Advanced Micro Devices in a report on Thursday. They issued a "buy" rating on the stock. Benchmark upped their target price on shares of Advanced Micro Devices from $485.00 to $685.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Finally, Roth Capital started coverage on shares of Advanced Micro Devices in a research note on Thursday. They issued a "buy" rating for the company. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $640.11.
View Our Latest Analysis on Advanced Micro Devices
Institutional Investors Weigh In On Advanced Micro Devices
A number of large investors have recently added to or reduced their stakes in AMD. First Citizens Financial Corp boosted its stake in Advanced Micro Devices by 3.4% during the third quarter. First Citizens Financial Corp now owns 490 shares of the semiconductor manufacturer's stock worth $300,000 after buying an additional 16 shares during the last quarter. Fearless Solutions LLC dba Best Invest increased its stake in shares of Advanced Micro Devices by 1.5% in the 3rd quarter. Fearless Solutions LLC dba Best Invest now owns 1,174 shares of the semiconductor manufacturer's stock worth $718,000 after acquiring an additional 17 shares during the last quarter. Private Client Services LLC increased its stake in shares of Advanced Micro Devices by 1.7% in the 3rd quarter. Private Client Services LLC now owns 1,079 shares of the semiconductor manufacturer's stock worth $660,000 after acquiring an additional 18 shares during the last quarter. Essential Investment Partners LLC raised its holdings in shares of Advanced Micro Devices by 40.0% during the 3rd quarter. Essential Investment Partners LLC now owns 63 shares of the semiconductor manufacturer's stock worth $39,000 after acquiring an additional 18 shares during the period. Finally, CKW Financial Group raised its holdings in shares of Advanced Micro Devices by 1.3% during the 3rd quarter. CKW Financial Group now owns 1,450 shares of the semiconductor manufacturer's stock worth $893,000 after acquiring an additional 18 shares during the period. Institutional investors own 71.34% of the company's stock.
About Advanced Micro Devices
(
Get Free Report)
Advanced Micro Devices, Inc. (AMD) is a semiconductor company that designs processors, graphics products and adaptive computing solutions. Its products serve data center, personal computing, gaming, embedded and other markets. AMD is a fabless chip designer, relying on third-party manufacturing partners to produce its semiconductors. The company's product portfolio includes EPYC server processors, Ryzen desktop and laptop processors, Radeon graphics products, Instinct accelerators for data center computing, and adaptive chips and systems used in embedded applications.
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