Advanced Micro Devices (NASDAQ:AMD) Stock: Insider Nora Denzel Sells 9,000 Shares

Advanced Micro Devices, Inc. (NASDAQ:AMD) Director Nora Denzel sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $564.88, for a total value of $5,083,920.00. Following the completion of the sale, the director directly owned 78,173 shares in the company, valued at approximately $44,158,364.24. The trade was a 10.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Advanced Micro Devices Price Performance

NASDAQ:AMD traded down $51.24 during trading hours on Friday, reaching $534.06. 48,881,084 shares of the company traded hands, compared to its average volume of 32,448,758. The firm’s 50-day moving average is $552.99 and its 200-day moving average is $420.72. The stock has a market cap of $875.91 billion, a P/E ratio of 116.10, a P/E/G ratio of 5.32 and a beta of 2.49. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.72 and a quick ratio of 1.93. Advanced Micro Devices, Inc. has a 1-year low of $188.22 and a 1-year high of $658.52.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results 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. Advanced Micro Devices had a return on equity of 14.15% and a net margin of 16.77%. The company had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $13.10 billion. During the same period in the previous year, the firm posted $1.20 earnings per share. The business’s revenue for the quarter was up 44.7% compared to the same quarter last year. Equities research analysts expect that Advanced Micro Devices, Inc. will post 6.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Advanced Micro Devices

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AMD shares. The Goldman Sachs Group reissued a “buy” rating and issued a $675.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, November 4th. Barclays assumed coverage on shares of Advanced Micro Devices in a research note on Thursday. They set an “overweight” rating on the stock. Royal Bank Of Canada reiterated a “sector perform” rating and set a $540.00 price target on shares of Advanced Micro Devices in a report on Thursday. Weiss Ratings lowered shares of Advanced Micro Devices from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, November 4th. Finally, Bank of America boosted their price objective on shares of Advanced Micro Devices from $650.00 to $700.00 and gave the company a “buy” rating in a research report on Thursday. Three investment 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 given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $640.11.

Top Advanced Micro Devices Stories

Here are a few of the latest stories about AMD:

• Positive Sentiment: Some analysts remain bullish on AMD’s longer-term prospects: William Blair upgraded the stock, and Bank of America raised its price target to $700, citing growth opportunities and the product roadmap. Article: AMD Stock Upgraded as AI Chip Rival Nvidia Spirals
• Negative Sentiment: That rotation reversed as chip shares sold off broadly and investors unwound the rally. AMD had surged in recent sessions, leaving room for profit-taking; the Nasdaq’s decline and losses across major semiconductor names added pressure. Article: AMD Sinks as Chip Rally Unwinds
• Negative Sentiment: Valuation is another concern: AMD has outperformed Nvidia substantially, but its forward price-to-earnings multiple is reported to be more than three times higher, raising questions about whether expected growth justifies the premium. Article: AMD Stock Has Outrun Nvidia 5X Since 2024. But There’s a Valuation Catch

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.