Advanced Micro Devices (NASDAQ:AMD) Shares Down 1.1% Following Insider Selling

Key Points

• Advanced Micro Devices (NASDAQ: AMD) shares fell by 1.1% after insider selling, with EVP Forrest Eugene Norrod selling 2,250 shares at an average price of $165.01.
• AMD's price target has seen significant adjustments by analysts, with HSBC lowering it from $200 to $185 while firms like JPMorgan and Barclays have raised their targets to as high as $200.
• Despite a revenue increase of 31.7% year-over-year, AMD's recent quarterly earnings were below expectations, reporting $0.48 EPS against a consensus estimate of $0.54.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s share price was down 1.1% during mid-day trading on Friday following insider selling activity. The stock traded as low as $157.05 and last traded at $159.46. Approximately 30,202,717 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 46,521,398 shares. The stock had previously closed at $161.27.

Specifically, EVP Forrest Eugene Norrod sold 2,250 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $165.01, for a total transaction of $371,272.50. Following the completion of the sale, the executive vice president owned 311,598 shares in the company, valued at $51,416,785.98. The trade was a 0.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of research reports. HSBC cut their price objective on shares of Advanced Micro Devices from $200.00 to $185.00 and set a "buy" rating on the stock in a research report on Tuesday, September 9th. Melius raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price objective for the company in a research report on Monday, June 23rd. JPMorgan Chase & Co. increased their target price on shares of Advanced Micro Devices from $120.00 to $180.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Barclays upped their price objective on Advanced Micro Devices from $130.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Finally, Raymond James Financial increased their target price on shares of Advanced Micro Devices from $120.00 to $200.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $180.88.

Advanced Micro Devices Stock Down 1.1%

The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The firm has a market cap of $258.78 billion, a PE ratio of 91.64, a price-to-earnings-growth ratio of 1.90 and a beta of 1.92. The stock has a fifty day simple moving average of $165.43 and a two-hundred day simple moving average of $130.84.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). The company had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The firm's revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter last year, the company posted $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Advanced Micro Devices

A number of hedge funds and other institutional investors have recently made changes to their positions in AMD. Brighton Jones LLC increased its holdings in shares of Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after acquiring an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Advanced Micro Devices by 2.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after acquiring an additional 234 shares during the period. Park Square Financial Group LLC bought a new position in Advanced Micro Devices in the 4th quarter worth approximately $52,000. 111 Capital bought a new position in Advanced Micro Devices in the 4th quarter worth approximately $808,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $50,000. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.

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