Advanced Micro Devices (NASDAQ:AMD) Shares Down 1% – What’s Next?

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s share price fell 1% during trading on Friday . The stock traded as low as $460.21 and last traded at $495.76. 31,396,767 shares traded hands during trading, a decline of 14% from the average daily volume of 36,718,133 shares. The stock had previously closed at $500.94.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: Wall Street remains constructive on AMD, with KeyCorp reiterating an Overweight rating and a $725 price target, while Erste Group also raised its earnings estimates.
• Positive Sentiment: Analysts are looking ahead to AMD’s Advancing AI 2026 event on July 22, where the company is expected to unveil new AI products, customer wins, and long-term growth plans. Article Title
• Positive Sentiment: Jefferies suggested AMD could highlight a bigger AI opportunity and possibly mention a major customer catalyst, including a potential Anthropic tie-up, which helped reinforce optimism around AMD’s AI growth story. Article Title
• Positive Sentiment: AMD also announced the addition of the FastFlowLM team and named Alan Smith as a Corporate Fellow, reinforcing its push to strengthen AI and GPU capabilities. Article Title

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Weiss Ratings raised Advanced Micro Devices from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group increased their price objective on Advanced Micro Devices from $450.00 to $640.00 and gave the company a “buy” rating in a report on Monday, July 6th. KeyCorp raised their price objective on Advanced Micro Devices from $530.00 to $725.00 and gave the company an “overweight” rating in a research note on Tuesday. UBS Group restated a “buy” rating and issued a $700.00 target price on shares of Advanced Micro Devices in a report on Wednesday. Finally, Oppenheimer cut Advanced Micro Devices from a “market perform” rating to a “market perform” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average target price of $468.65.

Advanced Micro Devices Trading Down 1.0%

The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average price of $503.08 and a 200-day moving average price of $328.48. The company has a market capitalization of $808.39 billion, a price-to-earnings ratio of 162.54, a P/E/G ratio of 1.55 and a beta of 2.47.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.08. The business 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 firm’s revenue was up 37.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 EPS. Research analysts predict that Advanced Micro Devices, Inc. will post 6.18 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 19,487 shares of the 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 directly owned 324,527 shares of the company’s stock, valued at approximately $140,000,947.80. This represents a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the completion of the sale, the chief executive officer owned 2,896,899 shares in the company, valued at approximately $1,334,572,400.31. The trade was a 4.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 341,630 shares of company stock valued at $152,147,456. 0.50% of the stock is owned by corporate insiders.

Institutional Trading of Advanced Micro Devices

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

About Advanced Micro Devices

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.