Advanced Micro Devices (NASDAQ:AMD) EVP Sells 17,261 Shares

Key Points

• AMD EVP Forrest Eugene Norrod sold 17,261 shares at an average price of $459.95, generating approximately $7.94 million. The sale was conducted under a pre-arranged Rule 10b5-1 plan, reducing his ownership by 4.42%.
• AMD shares rose 0.4% to $480.93, while the company reported quarterly earnings and revenue above analyst expectations. Revenue increased 50.1% year over year to $11.54 billion, driven by strong demand for data-center and AI products.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $553.72 price target, though AMD’s elevated valuation, export restrictions, supply-chain costs and continued insider selling present risks.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) EVP Forrest Eugene Norrod sold 17,261 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $459.95, for a total value of $7,939,196.95. Following the sale, the executive vice president owned 373,317 shares in the company, valued at $171,707,154.15. This represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Advanced Micro Devices Stock Up 0.4%

Shares of AMD traded up $1.75 during trading on Wednesday, reaching $480.93. The company's stock had a trading volume of 13,738,849 shares, compared to its average volume of 34,786,828. The company has a market cap of $785.10 billion, a price-to-earnings ratio of 123.63 and a beta of 2.48. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average of $509.02 and a two-hundred day moving average of $379.94. Advanced Micro Devices, Inc. has a twelve month low of $149.22 and a twelve month high of $584.73.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly 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 business had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The business's quarterly revenue was up 50.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 earnings per share. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 6.44 EPS for the current fiscal year.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AI and data-center momentum remain the main catalyst. AMD’s second-quarter revenue reportedly reached $11.54 billion, up 50% year over year, while data-center revenue more than doubled to approximately $6.7 billion. Management’s roughly $13 billion third-quarter revenue outlook and growing hyperscaler commitments support expectations for continued demand. AMD Stock Surges on Data Center Growth
• Positive Sentiment: AMD is increasingly viewed as an alternative to Nvidia. OpenAI and Meta have reportedly committed to large-scale AMD Instinct GPU deployments, giving investors greater confidence that the company can capture part of the AI accelerator market. Articles also highlight opportunities in inference, agentic AI and CPU market-share gains. AMD Is Building an AI Escape Hatch From Nvidia
• Positive Sentiment: Next-generation products are strengthening the growth narrative. The Instinct MI455X is expected to feature 432 GB of HBM4 memory, 50% more than its predecessor, while the Helios rack system is reportedly in production with initial shipments expected later this quarter. AMD also announced UCIe connectivity for Versal adaptive SoCs. AMD’s Next AI Accelerator
• Positive Sentiment: Analyst sentiment improved. Raymond James upgraded AMD to Strong Buy, and other Wall Street firms reiterated Buy ratings or raised price targets, with targets extending above the current trading range. AMD Stock Gets Strong Buy Upgrade
• Neutral Sentiment: Nvidia’s earnings are a near-term swing factor. Investors are using Nvidia’s report and guidance to gauge AI infrastructure demand and competitive pressure across the semiconductor sector.
• Negative Sentiment: Valuation and supply-chain risks temper the optimism. AMD has risen sharply, leaving the stock with a high earnings multiple. Articles also cite export-policy uncertainty, rising memory costs and the need for substantial investment in Taiwan packaging and AI manufacturing capacity. AMD’s Next Move Could Be Huge
• Negative Sentiment: Persistent insider selling is a cautionary signal. Recent reports cite substantial sales by AMD executives, including CEO Lisa Su, which may reinforce profit-taking concerns after the stock’s powerful rally. AMD Trading Following Insider Selling

Hedge Funds Weigh In On Advanced Micro Devices

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Joseph Group Capital Management acquired a new stake in Advanced Micro Devices in the fourth quarter worth $25,000. Sarver Vrooman Wealth Advisors acquired a new position in shares of Advanced Micro Devices during the fourth quarter valued at $27,000. Cornerstone Financial Management LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter valued at $27,000. Basepoint Wealth LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter worth about $30,000. Finally, JNBA Financial Advisors grew its position in shares of Advanced Micro Devices by 142.9% during the second quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer's stock worth $30,000 after acquiring an additional 30 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the company. UBS Group restated an "overweight" rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. Bank of America boosted their price target on Advanced Micro Devices from $550.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. BMO Capital Markets started coverage on Advanced Micro Devices in a research report on Thursday, August 20th. They set an "outperform" rating and a $550.00 price target on the stock. Needham & Company LLC raised Advanced Micro Devices to a "buy" rating in a research report on Wednesday, May 6th. Finally, Susquehanna raised their price objective on Advanced Micro Devices from $450.00 to $500.00 and gave the stock a "positive" rating in a research note on Thursday, July 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus target price of $553.72.

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.

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