Advanced Micro Devices (NASDAQ:AMD) CEO Sells $35,476,000.00 in Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Lisa Su sold 70,000 shares of Advanced Micro Devices stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $506.80, for a total value of $35,476,000.00. Following the sale, the chief executive officer owned 3,032,156 shares in the company, valued at $1,536,696,660.80. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock traded down $22.72 on Monday, hitting $493.41. The stock had a trading volume of 24,473,542 shares, compared to its average volume of 33,644,277. The stock has a market cap of $805.48 billion, a price-to-earnings ratio of 126.84, a P/E/G ratio of 5.35 and a beta of 2.48. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52-week low of $149.85 and a 52-week high of $584.73. The company’s 50 day moving average price is $495.75 and its 200 day moving average price is $405.29.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The firm had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. During the same quarter last year, the business posted $0.48 EPS. The firm’s quarterly revenue was up 50.1% compared to the same quarter last year. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 6.43 EPS for the current year.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: Bernstein reiterated its Buy rating on AMD, signaling continued confidence in the company’s AI accelerator and data-center opportunity. Bernstein reiterates its Buy rating
• Positive Sentiment: AMD’s partnership with F-Secure is intended to improve trust and security around AI systems, potentially supporting enterprise adoption over time. AMD partnership with F-Secure
• Positive Sentiment: AMD and Intel expanded software cooperation through shared AI Compute Extensions support, a move that could make the x86 ecosystem more attractive to developers. AMD and Intel shared AI instructions
• Neutral Sentiment: Analysts and commentators remain constructive on AMD’s longer-term AI prospects, including its workstation products and potential market-share gains, but some note that new products may have limited near-term revenue impact. AMD Halo Station analysis
• Negative Sentiment: Anthropic CEO Dario Amodei and other AI leaders called for a slower, safer pace of AI development. Investors interpreted the remarks as a threat to the rapid data-center and accelerator spending cycle that benefits AMD, Nvidia and other chipmakers. Chip stocks fall on AI slowdown concerns
• Negative Sentiment: Walter Isaacson’s comments that AI companies could face greater legal liability after acknowledging safety risks added regulatory and litigation concerns to the market selloff. Walter Isaacson on AI liability
• Negative Sentiment: Investor caution is also rising because AMD has already surged substantially, trades at a demanding earnings multiple, and reports indicate senior executives have sold shares into the rally. AMD valuation and insider selling analysis

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AMD. Argus increased their price target on shares of Advanced Micro Devices from $450.00 to $625.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Wolfe Research set a $450.00 target price on shares of Advanced Micro Devices and gave the stock an “outperform” rating in a research note on Monday, June 15th. Truist Financial raised their price target on Advanced Micro Devices from $478.00 to $594.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Jefferies Financial Group set a $650.00 price target on Advanced Micro Devices in a research report on Wednesday, August 5th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Advanced Micro Devices in a research report on Monday, August 3rd. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $565.12.

Institutional Trading of Advanced Micro Devices

Several hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System boosted its stake in shares of Advanced Micro Devices by 58,272.0% during the 2nd quarter. California State Teachers Retirement System now owns 1,436,775,740 shares of the semiconductor manufacturer’s stock worth $834,637,395,000 after acquiring an additional 1,434,314,328 shares in the last quarter. Norges Bank acquired a new position in Advanced Micro Devices during the fourth quarter worth $4,929,312,000. Bank of America Corp DE acquired a new position in Advanced Micro Devices during the second quarter worth $7,022,226,000. Cardano Risk Management B.V. purchased a new stake in Advanced Micro Devices during the fourth quarter worth $1,000,783,000. Finally, BlackRock Inc. boosted its position in Advanced Micro Devices by 3.1% during the second 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. 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 semiconductor company that designs high-performance computing, graphics and adaptive-processing products. Its portfolio includes central processing units (CPUs), graphics processing units (GPUs), accelerated processing units (APUs), field-programmable gate arrays (FPGAs) and adaptive system-on-chip products.

AMD serves customers across data centers, cloud computing, personal computers, gaming consoles, embedded systems and industrial applications.