Advanced Micro Devices (NASDAQ:AMD) Shares Down 2.9% - What's Next?

Key Points

• Shares fell 2.9% intraday, trading as low as $192.87 and last at $196.04 on roughly 40.7 million shares (about 7% above average), after a prior close of $201.99.
• Positive catalyst: AMD signed an MoU with Samsung to supply HBM4 memory for Instinct GPUs and discuss foundry collaboration, and several analysts remain bullish (UBS sees ~54% upside to $310; consensus target ~$290.53) supporting the AI/data‑center growth story.
• Near‑term headwinds: heavy insider selling (including CEO Lisa Su) and sector/peer weakness plus macro/rate volatility are weighing on sentiment and amplifying intraday swings.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s stock price dropped 2.9% during mid-day trading on Monday . The stock traded as low as $192.87 and last traded at $196.04. Approximately 40,748,411 shares changed hands during mid-day trading, an increase of 7% from the average daily volume of 38,059,184 shares. The stock had previously closed at $201.99.

Key Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: Expanded Samsung partnership: AMD and Samsung signed an MoU to supply next‑gen HBM4 memory for AMD Instinct GPUs and are discussing potential foundry collaboration, which strengthens AMD’s data‑center AI supply chain. Read More.
• Positive Sentiment: Bullish analyst backdrop and upside targets: Multiple firms maintain buy/outperform views and raised targets (UBS cited ~54% upside to $310; independent bulls have targets into the $320–$330 range), supporting medium‑to‑longer term expectations for AI/dc demand. Read More.
• Neutral Sentiment: Macro and sector noise: AI chip names are seeing mixed premarket moves (NVIDIA gaining on large AI customer plans) and rate/comments volatility is creating intraday swings across chip peers — a neutral backdrop that can magnify AMD moves. Read More.
• Neutral Sentiment: Long‑term bull case reiterated by outlets recommending tech/AI exposure: Several feature pieces list AMD among stocks to hold for AI infrastructure and data‑center growth, underscoring durable tailwinds despite short‑term weakness. Read More.
• Negative Sentiment: Heavy insider selling: Quiver Quant shows extensive open‑market sales by executives (including CEO Lisa Su) over the last six months and notable institutional moves, which can pressure sentiment and amplify price declines. Read More.
• Negative Sentiment: Sector pullback and peer weakness: Intel’s sizable drop and broader semiconductor crosswinds are creating a negative technical/flow environment that often drags high‑beta chip names like AMD. Read More.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Roth Mkm restated a "buy" rating on shares of Advanced Micro Devices in a research report on Tuesday, February 24th. Citigroup reiterated a "neutral" rating on shares of Advanced Micro Devices in a research report on Thursday, January 15th. Wells Fargo & Company reissued an "overweight" rating and set a $345.00 price objective on shares of Advanced Micro Devices in a report on Friday, January 30th. Benchmark restated a "buy" rating and issued a $325.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 25th. Finally, Phillip Securities raised Advanced Micro Devices from a "moderate buy" rating to a "strong-buy" rating in a research note on Sunday, February 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $290.53.

Advanced Micro Devices Stock Performance

The stock has a market cap of $319.63 billion, a PE ratio of 73.98, a P/E/G ratio of 0.76 and a beta of 1.98. The company has a fifty day moving average price of $213.51 and a 200 day moving average price of $213.50. The company has a quick ratio of 2.01, a current ratio of 2.85 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.21. Advanced Micro Devices had a return on equity of 8.84% and a net margin of 12.52%.The company had revenue of $10.27 billion during the quarter, compared to analyst estimates of $9.65 billion. During the same quarter in the previous year, the company posted $1.09 EPS. Advanced Micro Devices's revenue for the quarter was up 34.1% on a year-over-year basis. Analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Ava Hahn sold 2,442 shares of the stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $234.42, for a total transaction of $572,453.64. Following the completion of the sale, the senior vice president owned 16,359 shares of the company's stock, valued at approximately $3,834,876.78. This represents a 12.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 85,000 shares of the firm's stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $198.77, for a total transaction of $16,895,450.00. Following the completion of the transaction, the chief executive officer owned 3,146,006 shares in the company, valued at $625,331,612.62. This represents a 2.63% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 239,392 shares of company stock worth $50,016,383. 0.06% of the stock is owned by company insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Hedge funds have recently modified their holdings of the company. Old North State Trust LLC raised its position in Advanced Micro Devices by 73.2% during the 4th quarter. Old North State Trust LLC now owns 5,260 shares of the semiconductor manufacturer's stock valued at $1,126,000 after purchasing an additional 2,223 shares during the last quarter. J. Derek Lewis & Associates Inc. bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $584,000. Purpose Unlimited Inc. bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $18,251,000. Stance Capital LLC increased its stake in shares of Advanced Micro Devices by 204.1% during the fourth quarter. Stance Capital LLC now owns 25,773 shares of the semiconductor manufacturer's stock valued at $5,519,000 after buying an additional 17,299 shares during the period. Finally, Cornerstone Planning LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $5,024,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.