Advanced Micro Devices (NASDAQ:AMD) Shares Cross Below 50 Day Moving Average on Insider Selling

Key Points

• AMD shares fell below their 50-day moving average, trading as low as $520.01 and last at $534.06, after director Nora Denzel sold 9,000 shares for about $5.08 million.
• Analyst opinions were mixed: Truist raised its target to $605, while KeyCorp and Piper Sandler downgraded the stock. Overall, analysts maintained a “Moderate Buy” consensus with a $640.11 target price.
• AMD’s latest quarterly results beat expectations, with EPS of $2.09 versus $1.95 forecast and revenue of $13.38 billion; revenue grew 44.7% year over year.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) shares crossed below its fifty day moving average during trading on Friday following insider selling activity. The stock has a fifty day moving average of $554.55 and traded as low as $520.01. Advanced Micro Devices shares last traded at $534.06, with a volume of 49,061,909 shares trading hands.

Specifically, Director Nora Denzel sold 9,000 shares of the business's stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $564.88, for a total transaction of $5,083,920.00. Following the transaction, the director owned 78,173 shares of the company's stock, valued at approximately $44,158,364.24. The trade was a 10.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AMD. Truist Financial raised their price objective on shares of Advanced Micro Devices from $594.00 to $605.00 and gave the stock a "buy" rating in a research report on Wednesday, November 4th. KeyCorp lowered shares of Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a report on Thursday. UBS Group decreased their target price on shares of Advanced Micro Devices from $730.00 to $700.00 and set a "buy" rating on the stock in a report on Wednesday, November 4th. Piper Sandler lowered shares of Advanced Micro Devices from an "overweight" rating to a "neutral" rating in a research report on Thursday. Finally, Benchmark increased their price objective on Advanced Micro Devices from $485.00 to $685.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $640.11.

Trending Headlines about Advanced Micro Devices

Here are a few of the latest headlines about AMD:

• Positive Sentiment: Google’s selection of AMD EPYC processors for infrastructure supporting its next-generation TPU chips strengthens AMD’s role in hyperscaler AI systems and could support data-center growth. How to Play AMD Stock as Google Picks EPYC for Its Next-Gen TPUs
• Positive Sentiment: Analyst support and Lisa Su’s CEO of the Year recognition reinforce the bullish longer-term narrative around AMD’s recent gains and competitive position, though neither fully offset Friday’s sector weakness. AMD’s Lisa Su named CEO of the year
• Negative Sentiment: Chip stocks sold off as investors reassessed whether Nvidia’s turmoil would benefit competitors or signal wider risks to the AI trade. AMD’s decline also reflected profit-taking after a sharp rally; its elevated valuation may make the stock more vulnerable to sentiment shifts. AMD and other chip stocks slide as Wall Street rethinks the AI trade

Advanced Micro Devices Price Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.93 and a current ratio of 2.72. The company has a market cap of $875.91 billion, a PE ratio of 116.10, a PEG ratio of 5.63 and a beta of 2.49. The company's 50-day simple moving average is $554.55 and its 200 day simple moving average is $422.13.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.95 by $0.14. The business had revenue of $13.38 billion for the quarter, compared to analyst estimates of $13.10 billion. Advanced Micro Devices had a return on equity of 14.15% and a net margin of 16.77%. The company's revenue was up 44.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.20 earnings per share. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 6.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Advanced Micro Devices

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in Advanced Micro Devices by 3.1% during the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock worth $87,311,650,000 after purchasing an additional 4,535,126 shares in the last quarter. State Street Corp raised its position in Advanced Micro Devices by 2.9% in the second quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer's stock worth $46,606,266,000 after acquiring an additional 2,149,563 shares during the period. Bank of America Corp DE bought a new stake in shares of Advanced Micro Devices in the 2nd quarter worth approximately $7,022,226,000. Jennison Associates LLC raised its stake in shares of Advanced Micro Devices by 5.8% in the second quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer's stock valued at $5,793,388,000 after buying an additional 545,575 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Advanced Micro Devices by 33.9% during the second quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer's stock valued at $5,422,444,000 after purchasing an additional 2,365,419 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

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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