Advanced Micro Devices (NASDAQ:AMD) CEO Lisa Su Sells 70,000 Shares of Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Lisa Su sold 70,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $506.80, for a total transaction of $35,476,000.00. Following the transaction, the chief executive officer directly owned 3,032,156 shares of the company’s stock, valued at $1,536,696,660.80. The trade was a 2.26% 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.

Advanced Micro Devices Trading Down 4.4%

AMD traded down $22.72 during mid-day trading on Monday, hitting $493.41. 24,473,542 shares of the stock were exchanged, compared to its average volume of 33,644,277. The firm’s fifty day moving average is $495.75 and its two-hundred day moving average is $405.29. Advanced Micro Devices, Inc. has a 1-year low of $149.85 and a 1-year high of $584.73. The company has a market cap of $805.48 billion, a PE ratio of 126.84, a PEG 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 (NASDAQ:AMD) last released its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.04. The company had revenue of $11.54 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 EPS. Equities analysts forecast that Advanced Micro Devices, Inc. will post 6.43 earnings per share for the current fiscal year.

More Advanced Micro Devices News

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

Hedge Funds Weigh In On Advanced Micro Devices

A number of institutional investors and hedge funds have recently modified their holdings of AMD. California State Teachers Retirement System increased its holdings in shares of Advanced Micro Devices by 58,272.0% in the 2nd quarter. California State Teachers Retirement System now owns 1,436,775,740 shares of the semiconductor manufacturer’s stock valued at $834,637,395,000 after acquiring an additional 1,434,314,328 shares during the last quarter. BlackRock Inc. boosted its holdings in Advanced Micro Devices by 3.1% in the second 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 in the last quarter. Geode Capital Management LLC increased its stake in Advanced Micro Devices by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer’s stock valued at $8,015,897,000 after purchasing an additional 287,525 shares during the last quarter. Norges Bank purchased a new position in Advanced Micro Devices in the fourth quarter valued at approximately $4,929,312,000. Finally, Invesco Ltd. raised its holdings in Advanced Micro Devices by 15.9% during the fourth quarter. Invesco Ltd. now owns 15,473,280 shares of the semiconductor manufacturer’s stock worth $3,313,758,000 after purchasing an additional 2,124,867 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AMD shares. Wall Street Zen raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Citigroup raised Advanced Micro Devices from a “market perform” rating to a “buy” rating in a research report on Wednesday, July 22nd. TD Cowen reiterated a “buy” rating on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. KeyCorp set a $650.00 target price on Advanced Micro Devices in a report on Wednesday, August 5th. Finally, Benchmark boosted their target price on Advanced Micro Devices from $485.00 to $685.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Four analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $565.12.

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.