Mark Papermaster Sells 7,369 Shares of Advanced Micro Devices (NASDAQ:AMD) Stock

Key Points

• AMD EVP Mark Papermaster sold 7,369 shares for approximately $3.59 million under a pre-arranged Rule 10b5-1 plan to cover tax obligations from vested equity awards. He retained 1.24 million shares valued at roughly $605 million.
• AMD shares fell 4.2% to $484.84, despite the company reporting quarterly EPS of $1.66 and revenue of $11.54 billion, exceeding analyst expectations and marking 50.1% year-over-year revenue growth.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and a $546.87 price target; institutional investors own approximately 71.34% of AMD’s shares.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) EVP Mark Papermaster sold 7,369 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $487.34, for a total value of $3,591,208.46. Following the completion of the sale, the executive vice president directly owned 1,241,347 shares in the company, valued at approximately $604,958,046.98. This represents a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Advanced Micro Devices Stock Down 4.2%

NASDAQ:AMD traded down $21.16 on Tuesday, reaching $484.84. 23,558,519 shares of the stock traded hands, compared to its average volume of 35,490,988. The company's fifty day simple moving average is $512.08 and its 200 day simple moving average is $370.08. Advanced Micro Devices, Inc. has a 12 month low of $149.22 and a 12 month high of $584.73. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $791.49 billion, a price-to-earnings ratio of 124.64 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.04. The business had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The firm's quarterly revenue was up 50.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.48 EPS. Equities analysts predict that Advanced Micro Devices, Inc. will post 6.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMD has been the subject of several research reports. Truist Financial boosted their price objective on shares of Advanced Micro Devices from $478.00 to $594.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. The Goldman Sachs Group increased their price target on shares of Advanced Micro Devices from $450.00 to $640.00 and gave the stock a "buy" rating in a research report on Monday, July 6th. UBS Group restated an "overweight" rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. Needham & Company LLC upgraded Advanced Micro Devices to a "buy" rating in a research report on Wednesday, May 6th. Finally, Susquehanna upped their price target on Advanced Micro Devices from $450.00 to $500.00 and gave the stock a "positive" rating in a research report on Thursday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $546.87.

Institutional Investors Weigh In On Advanced Micro Devices

A number of institutional investors have recently added to or reduced their stakes in the stock. Southpoint Capital Advisors LP boosted its stake in Advanced Micro Devices by 50.0% during the first quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer's stock worth $183,087,000 after buying an additional 300,000 shares during the period. Jefferies Financial Group Inc. boosted its stake in shares of Advanced Micro Devices by 6,228.8% during the 4th quarter. Jefferies Financial Group Inc. now owns 308,021 shares of the semiconductor manufacturer's stock worth $65,966,000 after purchasing an additional 303,154 shares during the period. Boomfish Wealth Group LLC bought a new position in Advanced Micro Devices during the 1st quarter valued at about $1,193,000. Dimensional Fund Advisors LP lifted its stake in Advanced Micro Devices by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer's stock worth $1,045,954,000 after purchasing an additional 291,165 shares during the last quarter. Finally, Williamson Legacy Group LLC bought a new stake in Advanced Micro Devices in the fourth quarter worth about $1,118,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

More Advanced Micro Devices News

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

• Positive Sentiment: AMD introduced Instinct Coder, an enterprise-focused AI coding solution designed to support private, on-premises AI deployments. The launch reinforces AMD’s effort to expand its Instinct accelerator ecosystem beyond hyperscale data centers. Advanced Micro Devices Unveils Instinct Coder For Private Enterprise AI
• Positive Sentiment: AMD reportedly reached its AI rack energy-efficiency target, a potentially important advantage as data-center operators focus increasingly on power consumption and operating costs. However, the announcement has not offset broader selling pressure. AMD Stock Slides Despite Progress on an AI Energy Efficiency Goal
• Positive Sentiment: Reports highlight AMD’s acquisition of a small Canadian AI-inference startup and its collaboration with Cerebras on Helios rack platforms. If successful, the initiatives could improve inference performance and broaden AMD’s competitive positioning against Nvidia. AMD’s Acquisition Could Redefine Direct-Silicon AI Inference

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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