Advanced Micro Devices (NASDAQ:AMD) Trading Down 4.2% – Time to Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD) fell 4.2% during mid-day trading on Monday . The company traded as low as $526.92 and last traded at $534.39. 22,816,317 shares were traded during trading, a decline of 38% from the average session volume of 36,991,375 shares. The stock had previously closed at $557.89.

More Advanced Micro Devices News

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

• Positive Sentiment: TD Cowen reportedly raised its price target on AMD to $675, highlighting ongoing optimism around AI demand and the company’s strong quarterly revenue performance. Advanced Micro Devices (AMD) Stock Surges as Wall Street Analysts Boost Price Targets
• Positive Sentiment: AMD’s Q1 results beat expectations, with revenue of $10.25 billion versus estimates of $9.90 billion, underscoring strong demand in its data center and AI businesses. Advanced Micro Devices (AMD) Stock Surges as Wall Street Analysts Boost Price Targets
• Positive Sentiment: Several articles argued that AMD could benefit from Nvidia-related delays or competitive missteps, which supports the view that AMD remains a key AI infrastructure alternative. Did Nvidia’s 2028 Rack Delay Under Jensen Huang Open a Door for AMD and Google?
• Neutral Sentiment: Media coverage continues to frame AMD as a major AI winner and a direct competitor to Nvidia, but much of that commentary is thematic rather than news-driven. AMD’s 5C Deal Positions It as a Direct NVIDIA Rival
• Negative Sentiment: AMD was included among the chip stocks falling as broader market jitters hit semiconductors, suggesting today’s weakness is partly a sector-wide risk-off move. AMD Stock Drops 5: Why Global Supply Chain Fears and Tech Profit-Taking Are Hurting Chip Giants
• Negative Sentiment: Some investors appear to be taking profits after AMD’s strong run and recent record highs, which can create short-term pressure even when fundamentals remain solid. Intel, AMD, Sandisk, and More Stocks That Explain Today’s Market

Analyst Ratings Changes

AMD has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on Advanced Micro Devices from $360.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. raised their price target on shares of Advanced Micro Devices from $270.00 to $385.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Melius Research set a $540.00 target price on Advanced Micro Devices in a report on Monday, May 18th. Rosenblatt Securities lifted their price objective on Advanced Micro Devices from $300.00 to $490.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, Benchmark raised their price objective on shares of Advanced Micro Devices from $325.00 to $485.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $460.95.

Advanced Micro Devices Stock Down 4.3%

The stock has a market capitalization of $870.97 billion, a P/E ratio of 175.13, a P/E/G ratio of 1.64 and a beta of 2.47. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. The firm’s fifty day moving average is $491.60 and its 200-day moving average is $319.65.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The business’s revenue was up 37.8% on a year-over-year basis. During the same period last year, the firm posted $0.96 EPS. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 6.18 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 31,320 shares of Advanced Micro Devices stock in a transaction on Friday, April 24th. The stock was sold at an average price of $350.00, for a total value of $10,962,000.00. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 24,376 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $444.39, for a total value of $10,832,450.64. Following the sale, the executive vice president owned 105,222 shares of the company’s stock, valued at approximately $46,759,604.58. The trade was a 18.81% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 374,739 shares of company stock worth $161,135,671. Corporate insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new stake in Advanced Micro Devices during the 4th quarter worth $4,929,312,000. Jennison Associates LLC boosted its position in shares of Advanced Micro Devices by 181.6% in the 4th quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer’s stock worth $2,336,552,000 after purchasing an additional 7,035,991 shares during the last quarter. Cardano Risk Management B.V. bought a new position in shares of Advanced Micro Devices in the 4th quarter worth $1,000,783,000. Wellington Management Group LLP grew its stake in shares of Advanced Micro Devices by 335.9% during the third quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer’s stock worth $784,330,000 after purchasing an additional 3,735,807 shares during the period. Finally, Franklin Resources Inc. increased its holdings in Advanced Micro Devices by 340.1% in the fourth quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer’s stock valued at $1,016,796,000 after purchasing an additional 3,669,054 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

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.