Advanced Micro Devices (NASDAQ:AMD) Shares Gap Down Following Insider Selling

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price gapped down before the market opened on Tuesday following insider selling activity. The stock had previously closed at $334.63, but opened at $311.86. Advanced Micro Devices shares last traded at $319.6860, with a volume of 17,385,491 shares traded.

Specifically, EVP Mark D. Papermaster sold 31,320 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $350.00, for a total transaction of $10,962,000.00. Following the transaction, the executive vice president directly owned 1,236,037 shares of the company’s stock, valued at approximately $432,612,950. This trade represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AMD shares. China Renaissance started coverage on shares of Advanced Micro Devices in a research note on Tuesday, January 13th. They set a “buy” rating and a $291.00 price objective on the stock. Northland Securities reiterated a “market perform” rating and set a $260.00 price objective on shares of Advanced Micro Devices in a research note on Monday. TD Cowen reiterated a “buy” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 25th. Citigroup lowered their price objective on shares of Advanced Micro Devices from $260.00 to $248.00 and set a “neutral” rating on the stock in a research note on Monday, April 6th. Finally, Sanford C. Bernstein raised their price objective on shares of Advanced Micro Devices from $235.00 to $265.00 and gave the company a “market perform” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $297.49.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Susquehanna raised its price target and reiterated a buy call, citing accelerating server CPU share gains and an Instinct GPU ramp that should boost data?center revenue into May. Susquehanna Raises AMD Price Target to $375
• Positive Sentiment: Big Tech spending signal — large bond demand and increased capex plans at hyperscalers (e.g., Meta) point to continued multi?year AI infrastructure investment that benefits AMD’s CPUs and GPUs. Meta Gets $96 Billion of Orders for Latest Jumbo Bond Sale
• Positive Sentiment: Analyst upgrades and estimate raises (multiple shops raising EPS/targets) are supporting momentum and institutional flows into AMD ahead of earnings. Where Do Analysts Stand on AMD Stock Ahead of Earnings?
• Neutral Sentiment: Near?term catalyst: Q1 earnings on May 5 — Street attention is concentrated on revenue guidance and data?center demand metrics (GPU/EPYC deployments); results will likely be the primary short?term price mover. Buy AMD Stock Before Q1 Earnings
• Neutral Sentiment: Insider selling disclosed (Mark Papermaster sold shares) was executed under a pre?arranged Rule 10b5?1 plan — a note for disclosure but not necessarily a signal of company outlook change. Mark Papermaster Sells 31,320 Shares
• Negative Sentiment: OpenAI revenue shortfall headlines sparked a sector pullback that weighed on AMD — investors are testing the durability of AI capex assumptions after the report. AMD Stock Slides After OpenAI Revenue Shortfall
• Negative Sentiment: Some profit?taking and selective analyst caution (Northland downgrade, institutional trimming such as ARK) are pressuring the stock after a rapid rally; this keeps upside dependent on execution in the upcoming print. AMD Stock Slides on Analyst Downgrade AMD Stock Slips After ARK Sells

Advanced Micro Devices Stock Performance

The company has a quick ratio of 2.01, a current ratio of 2.85 and a debt-to-equity ratio of 0.04. The stock has a market cap of $577.94 billion, a price-to-earnings ratio of 133.77, a price-to-earnings-growth ratio of 1.21 and a beta of 1.96. The company’s 50-day simple moving average is $232.51 and its 200-day simple moving average is $228.24.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.21. The firm had revenue of $10.27 billion for the quarter, compared to analyst estimates of $9.65 billion. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. The firm’s quarterly revenue was up 34.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 earnings per share. Analysts predict that Advanced Micro Devices, Inc. will post 5.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Advanced Micro Devices

A number of institutional investors have recently bought and sold shares of AMD. Joseph Group Capital Management purchased a new position in Advanced Micro Devices in the 4th quarter worth about $25,000. ORG Wealth Partners LLC grew its position in Advanced Micro Devices by 39.7% during the 3rd quarter. ORG Wealth Partners LLC now owns 162 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 46 shares in the last quarter. Koesten Hirschmann & Crabtree INC. grew its position in Advanced Micro Devices by 61.0% during the 3rd quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 61 shares in the last quarter. Sarver Vrooman Wealth Advisors purchased a new position in Advanced Micro Devices during the 4th quarter worth approximately $27,000. Finally, Cornerstone Financial Management LLC purchased a new position in Advanced Micro Devices during the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

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.