Mark Papermaster Sells 16,800 Shares of Advanced Micro Devices (NASDAQ:AMD) Stock

Key Points

• Mark Papermaster, EVP of Advanced Micro Devices (NASDAQ:AMD), sold 16,800 shares of the company's stock for approximately $3.77 million, reducing his ownership by 0.97% to around 1.71 million shares.
• AMD's stock price saw a decline of 0.6%, trading at $233.08 after recent fluctuations, with a market capitalization of $378.25 billion.
• Despite a missed EPS estimate of $0.54, AMD reported a year-over-year revenue increase of 31.7% in its latest earnings announcement, indicating robust growth in the semiconductor market.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) EVP Mark Papermaster sold 16,800 shares of the company's stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $224.28, for a total transaction of $3,767,904.00. Following the sale, the executive vice president directly owned 1,714,505 shares of the company's stock, valued at $384,529,181.40. The trade was a 0.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Advanced Micro Devices Trading Down 0.6%

NASDAQ AMD traded down $1.48 on Friday, reaching $233.08. 55,644,896 shares of the company were exchanged, compared to its average volume of 49,613,496. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $241.20. The stock has a market capitalization of $378.25 billion, a P/E ratio of 133.95, a price-to-earnings-growth ratio of 2.38 and a beta of 1.90. The business's fifty day moving average price is $174.75 and its 200 day moving average price is $140.57. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). The business had revenue of $7.69 billion during the quarter, compared to analysts' expectations of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. Advanced Micro Devices's revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Hedge Funds Weigh In On Advanced Micro Devices

A number of institutional investors have recently made changes to their positions in AMD. Retireful LLC acquired a new stake in Advanced Micro Devices in the third quarter valued at $649,000. SS&H Financial Advisors Inc. acquired a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at about $574,000. Norris Perne & French LLP MI bought a new position in shares of Advanced Micro Devices during the third quarter worth about $213,000. Ullmann Wealth Partners Group LLC grew its stake in Advanced Micro Devices by 3.7% in the third quarter. Ullmann Wealth Partners Group LLC now owns 4,346 shares of the semiconductor manufacturer's stock worth $703,000 after purchasing an additional 157 shares in the last quarter. Finally, Ethic Inc. increased its holdings in Advanced Micro Devices by 81.8% in the third quarter. Ethic Inc. now owns 143,975 shares of the semiconductor manufacturer's stock valued at $23,294,000 after buying an additional 64,779 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMD has been the topic of a number of recent research reports. Melius upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 target price on the stock in a research note on Monday, June 23rd. Melius Research set a $300.00 price objective on shares of Advanced Micro Devices in a research report on Monday, October 6th. JPMorgan Chase & Co. lifted their price objective on shares of Advanced Micro Devices from $120.00 to $180.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Mizuho raised their price target on Advanced Micro Devices from $205.00 to $275.00 and gave the company an "outperform" rating in a report on Monday. Finally, Wedbush upped their target price on shares of Advanced Micro Devices from $190.00 to $270.00 and gave the stock an "outperform" rating in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned 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 currently has an average rating of "Moderate Buy" and a consensus target price of $233.94.

About Advanced Micro Devices

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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