Advanced Micro Devices (NASDAQ:AMD) EVP Sells $9,333,563.40 in Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Forrest Norrod sold 17,262 shares of the stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $540.70, for a total transaction of $9,333,563.40. Following the transaction, the executive vice president directly owned 353,317 shares of the company’s stock, valued at $191,038,501.90. The trade was a 4.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Forrest Eugene Norrod also recently made the following trade(s):

• On Tuesday, September 15th, Forrest Norrod sold 17,261 shares of Advanced Micro Devices stock. The stock was sold at an average price of $503.05, for a total value of $8,683,146.05.
• On Monday, August 24th, Forrest Norrod sold 17,261 shares of Advanced Micro Devices stock. The shares were sold at an average price of $459.95, for a total value of $7,939,196.95.

Advanced Micro Devices Price Performance

AMD stock opened at $552.72 on Thursday. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $902.30 billion, a PE ratio of 112.34, a P/E/G ratio of 5.49 and a beta of 2.45. Advanced Micro Devices, Inc. has a 12-month low of $188.22 and a 12-month high of $658.52. The business’s fifty day moving average price is $541.00 and its 200 day moving average price is $481.17.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.04. The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. Advanced Micro Devices’s revenue was up 50.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 6.50 EPS for the current year.

Institutional Investors Weigh In On Advanced Micro Devices

Hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE acquired a new position in Advanced Micro Devices during the 2nd quarter worth approximately $7,022,226,000. BlackRock Inc. increased its position in shares of 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 purchasing an additional 4,535,126 shares during the last quarter. Jupiter Topco LLC purchased a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at approximately $2,084,651,000. Wellington Management Group LLP raised its holdings in shares of Advanced Micro Devices by 33.9% in the 2nd quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer’s stock valued at $5,422,444,000 after purchasing an additional 2,365,419 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Advanced Micro Devices by 2.9% in the 2nd quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock valued at $46,606,266,000 after purchasing an additional 2,149,563 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on AMD shares. Argus raised their price objective on shares of Advanced Micro Devices from $450.00 to $625.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Morgan Stanley lifted their price objective on shares of Advanced Micro Devices from $410.00 to $465.00 and gave the company an “equal weight” rating in a report on Wednesday, August 5th. The Goldman Sachs Group upped their target price on shares of Advanced Micro Devices from $450.00 to $640.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. CLSA reaffirmed an “outperform” rating and set a $710.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, September 9th. Finally, Mizuho increased their target price on shares of Advanced Micro Devices from $580.00 to $705.00 and gave the stock an “outperform” rating in a report on Tuesday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $606.76.

More Advanced Micro Devices News

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

• Positive Sentiment: Higher analyst price target: Susquehanna raised its AMD target from $550 to $620 and maintained a positive rating, citing continued AI and data-center momentum. Wedbush also reaffirmed an Outperform rating with a $600 target.
• Positive Sentiment: Expanding AI infrastructure footprint: Vultr plans to deploy AMD Instinct MI355X GPUs in a 20-megawatt supercluster in Chennai, India. The project would become India’s largest AMD Instinct deployment and strengthens AMD’s position in enterprise and sovereign AI computing. Vultr and AMD Expand Global Collaboration
• Positive Sentiment: Long-term AI opportunity: Coverage highlighted AMD’s planned $8.2 billion investment in emerging AI applications such as robotics, simulation and physical AI. Analysts also view AMD’s server CPU business as a beneficiary of agentic-AI growth, while Anthropic’s large computing commitments reinforce expectations for sustained infrastructure spending.
• Positive Sentiment: Sector tailwinds: Strong updates from Super Micro Computer and SpaceX helped ease concerns about an AI-spending slowdown, lifting major semiconductor names. AMD also contributed to gains in the Nasdaq-100 and broad-market ETFs. Why Nvidia, AMD and Intel Stocks Are Surging
• Neutral Sentiment: Competitive positioning: Investor coverage continues to compare AMD with Nvidia, emphasizing AMD’s exposure to CPUs, GPUs and data-center infrastructure as potential ways to benefit from an AI buildout that may have several years left to run.
• Negative Sentiment: Valuation and earnings risk: AMD has risen sharply this year and trades at a demanding earnings multiple. Investors are focused on the November 3 quarterly report, with the stock vulnerable to disappointment in revenue growth, margins or AI demand guidance. After a 137% Run, Is AMD Priced for Perfection?
• Negative Sentiment: Insider selling: EVP Forrest Norrod sold 17,262 shares worth about $9.3 million under a pre-arranged Rule 10b5-1 plan. Because he retained a substantial position, the transaction is a limited rather than decisive negative signal.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.