Advanced Micro Devices (NASDAQ:AMD) Shares Down 2.9% – Should You Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares dropped 2.9% during trading on Monday . The company traded as low as $469.29 and last traded at $469.56. 19,419,108 shares were traded during trading, a decline of 46% from the average session volume of 36,073,605 shares. The stock had previously closed at $483.36.

More Advanced Micro Devices News

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

• Positive Sentiment: AMD announced a collaboration memorandum with the University of Oxford’s BOLD initiative, providing a potential boost to its research and AI ecosystem profile. AMD Stock Jumps Over 2% on a New MOU With the University of Oxford’s BOLD
• Positive Sentiment: AMD’s second-quarter results exceeded expectations, with adjusted EPS of $1.66 versus $1.62 expected and revenue of $11.54 billion versus $11.31 billion expected. Revenue rose 50.1% year over year, while data-center revenue more than doubled; management also reported record profitability and raised guidance. AMD Q2 2026 Earnings Call Transcript
• Positive Sentiment: Strength across AI infrastructure suppliers, including Super Micro Computer and an Anthropic data-center agreement involving AMD infrastructure, reinforced expectations for sustained demand for AMD’s accelerators and data-center products. Why Is AMD Stock Up Today?
• Neutral Sentiment: Northland Securities raised its FY2026 EPS estimate to $5.97 from $5.54 and FY2027 estimate to $8.55 from $6.95, but retained a Market Perform rating and a $260 price target. Other commentary characterized AMD as a hold at current valuation levels. Grading the AI Buildout’s Big Three
• Negative Sentiment: Some analysts argue AMD is priced aggressively—one analysis cited roughly 63 times forward earnings versus about 24 times for Nvidia—and that AMD remains smaller and slower-growing than its larger rival. AMD Trades at 63x Forward Earnings, While Nvidia Trades at 24x
• Negative Sentiment: Recent institutional filings showed sizable AMD position reductions by Amundi and ProShare Advisors, while available trading data also showed extensive insider selling and no insider purchases. These disclosures may temper enthusiasm, although 13F filings reflect positions held as of June 30 rather than current trading.

Analyst Ratings Changes

A number of brokerages recently issued reports on AMD. Loop Capital upgraded Advanced Micro Devices to a “strong-buy” rating in a research report on Tuesday, June 16th. Robert W. Baird set a $1,250.00 target price on Advanced Micro Devices in a research note on Friday, July 24th. Argus upped their target price on Advanced Micro Devices from $450.00 to $625.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. UBS Group reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a report on Friday, July 24th. Finally, Susquehanna lifted their price target on Advanced Micro Devices from $450.00 to $500.00 and gave the company a “positive” rating in a research report on Thursday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $546.87.

Advanced Micro Devices Trading Up 2.6%

The firm has a market cap of $794.28 billion, a P/E ratio of 125.08 and a beta of 2.48. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. The stock has a 50 day moving average of $512.81 and a 200 day moving average of $363.26.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating 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 business 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 earnings per share. The company’s revenue for the quarter was up 50.1% on a year-over-year basis. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 6.44 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 19,487 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the completion of the sale, the executive vice president owned 324,527 shares of the company’s stock, valued at $140,000,947.80. This represents a 5.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 6,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $536.33, for a total transaction of $3,217,980.00. Following the transaction, the executive vice president owned 1,233,687 shares in the company, valued at $661,663,348.71. The trade was a 0.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 160,934 shares of company stock valued at $74,664,256. 0.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Advanced Micro Devices

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Advanced Micro Devices by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer’s stock valued at $33,949,256,000 after buying an additional 2,525,109 shares during the period. BlackRock Inc. increased its holdings in shares of Advanced Micro Devices by 3.1% in the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock worth $87,311,650,000 after buying an additional 4,535,126 shares during the period. State Street Corp lifted its stake in shares of Advanced Micro Devices by 1.5% in the 4th quarter. State Street Corp now owns 74,919,276 shares of the semiconductor manufacturer’s stock valued at $16,044,712,000 after acquiring an additional 1,094,835 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Advanced Micro Devices by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer’s stock valued at $8,015,897,000 after acquiring an additional 287,525 shares during the last quarter. Finally, Norges Bank purchased a new stake in Advanced Micro Devices during the 4th quarter valued at about $4,929,312,000. 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.