Advanced Micro Devices (NASDAQ:AMD) Director Sells 9,000 Shares of Company Stock

Key Points

• AMD Director Nora Denzel sold 9,000 shares for about $5.08 million, reducing her stake by 10.32% to 78,173 shares.
• AMD beat quarterly estimates, reporting EPS of $2.09 versus $1.95 expected and revenue of $13.38 billion, up 44.7% year over year.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $640.11; shares fell to $534.06 in Friday midday trading.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) Director Nora Denzel sold 9,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $564.88, for a total value of $5,083,920.00. Following the completion of the transaction, the director owned 78,173 shares of the company's stock, valued at approximately $44,158,364.24. This trade represents a 10.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded down $51.24 during midday trading on Friday, reaching $534.06. 48,881,084 shares of the company traded hands, compared to its average volume of 32,448,758. 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 12 month low of $188.22 and a 12 month high of $658.52. The firm has a market capitalization of $875.91 billion, a price-to-earnings ratio of 116.10, a price-to-earnings-growth ratio of 5.32 and a beta of 2.49. The firm's fifty day moving average price is $552.99 and its two-hundred day moving average price is $420.72.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 EPS for the quarter, topping the consensus estimate of $1.95 by $0.14. The business had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $13.10 billion. Advanced Micro Devices had a return on equity of 14.15% and a net margin of 16.77%. The firm's revenue was up 44.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 EPS. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 6.93 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. First Citizens Financial Corp grew its stake in Advanced Micro Devices by 3.4% in the 3rd quarter. First Citizens Financial Corp now owns 490 shares of the semiconductor manufacturer's stock valued at $300,000 after acquiring an additional 16 shares during the last quarter. Fearless Solutions LLC dba Best Invest increased its holdings in Advanced Micro Devices by 1.5% during the 3rd quarter. Fearless Solutions LLC dba Best Invest now owns 1,174 shares of the semiconductor manufacturer's stock valued at $718,000 after acquiring an additional 17 shares in the last quarter. Private Client Services LLC raised its position in Advanced Micro Devices by 1.7% during the third 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 position in Advanced Micro Devices by 40.0% during the third 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 last quarter. Finally, CKW Financial Group lifted its holdings in shares of Advanced Micro Devices by 1.3% in the third quarter. CKW Financial Group now owns 1,450 shares of the semiconductor manufacturer's stock valued at $893,000 after purchasing an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AMD shares. Melius Research set a $650.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, November 4th. Rosenblatt Securities reiterated a "buy" rating and issued a $700.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, November 4th. HC Wainwright began coverage on shares of Advanced Micro Devices in a report on Thursday. They issued a "buy" rating for the company. Piper Sandler downgraded shares of Advanced Micro Devices from an "overweight" rating to a "neutral" rating in a report on Thursday. Finally, Wolfe Research restated an "outperform" rating and set a $650.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, November 4th. Three analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $640.11.

Key Stories Impacting Advanced Micro Devices

Investors following AMD have been watching these stories:

• Neutral Sentiment: The Nvidia leadership crisis initially encouraged investors to rotate into AMD, but it has also intensified uncertainty across the chip sector. Risks such as tighter export controls could affect semiconductor companies broadly. Article: Checkmate for AI Chips? NVIDIA’s Crisis Opens the Board
• Negative Sentiment: That rotation reversed as chip shares sold off broadly and investors unwound the rally. AMD had surged in recent sessions, leaving room for profit-taking; the Nasdaq’s decline and losses across major semiconductor names added pressure. Article: AMD Sinks as Chip Rally Unwinds
• Negative Sentiment: Valuation is another concern: AMD has outperformed Nvidia substantially, but its forward price-to-earnings multiple is reported to be more than three times higher, raising questions about whether expected growth justifies the premium. Article: AMD Stock Has Outrun Nvidia 5X Since 2024. But There’s a Valuation Catch

About Advanced Micro Devices

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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