Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 7% – Time to Sell?

Advanced Micro Devices, Inc. (NASDAQ:AMD) traded down 7% on Wednesday . The company traded as low as $478.20 and last traded at $482.05. 48,585,476 shares traded hands during mid-day trading, an increase of 34% from the average session volume of 36,278,320 shares. The stock had previously closed at $518.58.

More Advanced Micro Devices News

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

• Positive Sentiment: AMD reported record second-quarter revenue of approximately $11.54 billion, up 50% year over year, while adjusted EPS of $1.66 exceeded consensus expectations. Data-center revenue more than doubled to roughly $6.7 billion, and gross margin expanded to 56%. AMD forecasts upbeat revenue on AI data-center demand
• Positive Sentiment: Management issued third-quarter revenue guidance of $12.7 billion to $13.3 billion, above the roughly $12.4 billion analyst consensus. AMD also expects data-center revenue to accelerate late in 2026 and more than double in 2027 as its Helios AI platform ramps. AMD Q2 Earnings Call Points to Faster Data Center Growth
• Positive Sentiment: Analysts remained broadly constructive: Goldman Sachs maintained a Buy rating and $640 target, while Wedbush and Cantor Fitzgerald reiterated Outperform or Overweight ratings with targets of $600 and $700. AMD Earns Buy Rating as Strong Datacenter Momentum Supports $640 Target
• Positive Sentiment: AMD and Super Micro Computer introduced systems featuring an AMD AI coding tool, while partnerships with Meta, OpenAI and Anthropic could help expand AMD’s software ecosystem and adoption. AMD and Super Micro Computer Team Up on an AI Coding Tool

Analyst Upgrades and Downgrades

A number of analysts recently commented on AMD shares. Oppenheimer downgraded Advanced Micro Devices from a “market perform” rating to a “market perform” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. boosted their price objective on Advanced Micro Devices from $270.00 to $385.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Robert W. Baird set a $1,250.00 target price on Advanced Micro Devices in a research report on Friday, July 24th. Sanford C. Bernstein reissued an “outperform” rating and issued a $650.00 price target on shares of Advanced Micro Devices in a report on Wednesday. Finally, Wells Fargo & Company increased their price target on shares of Advanced Micro Devices from $615.00 to $700.00 and gave the company an “overweight” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $539.35.

Advanced Micro Devices Price Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72. The company has a market cap of $786.03 billion, a P/E ratio of 158.05 and a beta of 2.48. The firm has a 50 day moving average price of $516.06 and a two-hundred day moving average price of $354.63.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. During the same quarter last year, the firm posted $0.48 EPS. The firm’s revenue for the quarter was up 50.1% on a year-over-year basis. On average, analysts predict that Advanced Micro Devices, Inc. will post 6.27 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $536.33, for a total value of $3,217,980.00. Following the completion of the transaction, the executive vice president directly owned 1,233,687 shares of the company’s stock, valued at approximately $661,663,348.71. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 8,626 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the completion of the transaction, the director directly owned 87,173 shares of the company’s stock, valued at approximately $45,504,306. This trade represents a 9.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 310,310 shares of company stock valued at $141,185,456. 0.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Large investors have recently made changes to their positions in the stock. First National Bank of Hutchinson raised its stake in shares of Advanced Micro Devices by 0.4% during the 2nd quarter. First National Bank of Hutchinson now owns 5,639 shares of the semiconductor manufacturer’s stock valued at $3,276,000 after purchasing an additional 22 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Advanced Micro Devices by 12.8% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 212 shares of the semiconductor manufacturer’s stock worth $43,000 after purchasing an additional 24 shares in the last quarter. Trust Co of the South boosted its stake in Advanced Micro Devices by 1.5% in the 2nd quarter. Trust Co of the South now owns 1,746 shares of the semiconductor manufacturer’s stock worth $1,014,000 after purchasing an additional 25 shares during the period. Beaird Harris Wealth Management LLC grew its holdings in Advanced Micro Devices by 9.4% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 292 shares of the semiconductor manufacturer’s stock valued at $169,000 after buying an additional 25 shares in the last quarter. Finally, Veery Capital LLC grew its holdings in Advanced Micro Devices by 1.0% during the 2nd quarter. Veery Capital LLC now owns 2,793 shares of the semiconductor manufacturer’s stock valued at $1,622,000 after buying an additional 27 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

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.