Advanced Micro Devices (NASDAQ:AMD) SVP Sells $1,462,649.17 in Stock

Key Points

• AMD SVP Ava Hahn sold 2,993 shares for approximately $1.46 million at an average price of $488.69 under a pre-arranged Rule 10b5-1 plan, reducing her direct ownership by 10.11% to 26,623 shares.
• AMD shares rose 0.6% to $469.45, while the company reported quarterly adjusted earnings of $1.66 per share and revenue of $11.54 billion, both exceeding analyst expectations. Revenue increased 50.1% year over year.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $546.87, though AMD’s high valuation, executive selling and potential competition from custom AI chips pose risks.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) SVP Ava Hahn sold 2,993 shares of the business's stock in a transaction dated Tuesday, August 18th. The shares were 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction of $67,889.25.

Advanced Micro Devices Stock Up 0.6%

Shares of NASDAQ:AMD traded up $3.03 during midday trading on Thursday, reaching $469.45. 15,114,657 shares of the company were exchanged, compared to its average volume of 35,261,668. The firm has a market cap of $766.36 billion, a PE ratio of 120.68 and a beta of 2.48. Advanced Micro Devices, Inc. has a fifty-two week low of $149.22 and a fifty-two week high of $584.73. The stock has a fifty day simple moving average of $512.54 and a two-hundred day simple moving average of $373.22. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.04. The firm had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The company's revenue for the quarter was up 50.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 EPS. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current year.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AMD remains a major beneficiary of rising AI infrastructure spending. Analysts and commentators highlighted CEO Lisa Su’s expectation that server revenue, excluding AI accelerators, could grow more than 80% in the current half, reinforcing the strength of AMD’s broader data-center business. AMD Server Revenue Outlook
• Positive Sentiment: AMD’s AI growth outlook continues to attract bullish forecasts. Recent reports cited record data-center revenue, expanding AI partnerships and price targets as high as $700, while the analyst consensus remains a “Moderate Buy.” AMD Price Prediction
• Positive Sentiment: The appointment of Tim Ryan to AMD’s board adds technology, enterprise and financial-governance experience. KC McClure was also named chair of the Audit and Finance Committee, modestly strengthening corporate oversight. AMD Appoints Tim Ryan
• Neutral Sentiment: AMD’s $1.31 billion equity portfolio, including a sizable SpaceX investment, was disclosed in its first 13F filing. The portfolio may offer strategic value but does not materially change near-term semiconductor earnings. AMD Investment Portfolio
• Negative Sentiment: Shares face valuation pressure after a substantial rally. AMD trades at a high earnings multiple, and comparisons with Nvidia suggest investors are already pricing in considerable AI and data-center success, increasing the risk of profit-taking. Broadcom AMD and Nvidia Valuations
• Negative Sentiment: AMD eased alongside semiconductor peers after Google reportedly selected Marvell for a custom-chip deal, reviving concerns that specialized in-house and custom silicon could challenge demand for merchant AI chips. Google Marvell Chip Deal
• Negative Sentiment: Recent executive stock sales and Ark Invest’s continued reduction of its AMD position added to selling pressure. The disclosed executive transactions were made under pre-arranged plans for tax withholding, but still weighed on investor sentiment. AMD Insider Sale
• Negative Sentiment: AMD’s planned multibillion-dollar debt financing could fund AI expansion, but investors are questioning the need to borrow while profits are growing. Additional interest costs and execution risk may limit enthusiasm. AMD Financing Concerns

Analyst Ratings Changes

A number of brokerages recently issued reports on AMD. Wells Fargo & Company lifted their target price on Advanced Micro Devices from $615.00 to $700.00 and gave the company an "overweight" rating in a research report on Wednesday, August 5th. Wall Street Zen cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Wolfe Research set a $450.00 price objective on shares of Advanced Micro Devices and gave the company an "outperform" rating in a report on Monday, June 15th. Jefferies Financial Group set a $650.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Finally, Sanford C. Bernstein restated an "outperform" rating and set a $650.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus price target of $546.87.

Institutional Investors Weigh In On Advanced Micro Devices

Large investors have recently made changes to their positions in the stock. Brighton Jones LLC raised its position in Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock worth $5,551,000 after acquiring an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of Advanced Micro Devices by 2.9% in 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. Sivia Capital Partners LLC increased its stake in shares of Advanced Micro Devices by 125.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer's stock worth $758,000 after purchasing an additional 2,970 shares during the last quarter. United Bank increased its stake in shares of Advanced Micro Devices by 22.0% during the 2nd quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer's stock worth $1,881,000 after purchasing an additional 2,392 shares during the last quarter. Finally, Schnieders Capital Management LLC. raised its holdings in shares of Advanced Micro Devices by 361.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 9,230 shares of the semiconductor manufacturer's stock valued at $1,310,000 after purchasing an additional 7,228 shares during the period. Institutional investors and hedge funds 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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source