Advanced Micro Devices (NASDAQ:AMD) Trading Down 1% – Here’s Why

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares were down 1% during mid-day trading on Friday . The stock traded as low as $460.21 and last traded at $495.76. Approximately 31,396,767 shares were traded during trading, a decline of 14% from the average session volume of 36,718,133 shares. The stock had previously closed at $500.94.

Advanced Micro Devices News Roundup

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 other firms like Erste Group also raised forward earnings estimates. This supports the view that AMD’s longer-term AI and data-center growth story remains intact. AMD analyst and earnings estimates
• Positive Sentiment: Investors are looking ahead to AMD’s Advancing AI 2026 event next week, where analysts expect new AI products, customer wins, and potentially major partnership news. Some reports say the event could include updates that improve sentiment around AMD’s AI opportunity and competitive position versus Nvidia. AMD Advancing AI event article
• Neutral Sentiment: AMD’s recent quarter showed strong fundamentals, with revenue up 37.8% year over year to about $10.3 billion. That provides a supportive backdrop, but it has not been enough to offset the market’s current risk-off mood toward chip stocks. AMD quarterly revenue background
• Negative Sentiment: Sentiment was also hurt by a report that Chief Technology Officer Mark Papermaster sold 6,000 shares, adding to an already heavy pattern of insider selling. Over the past six months, AMD insiders have made 100 open-market sales and no purchases, which can make some investors cautious. AMD insider sale article
• Negative Sentiment: Broader market coverage described AMD as part of a semiconductor rout, with traders taking profits after a strong run in AI stocks. That rotation is the main reason AMD shares are weaker today, even though the company’s long-term AI narrative remains intact. Chipmaker rout article

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AMD. Rosenblatt Securities raised their price objective on Advanced Micro Devices from $300.00 to $490.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Wells Fargo & Company upped their target price on Advanced Micro Devices from $505.00 to $615.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. Seaport Research Partners raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $430.00 price target on the stock in a research report on Wednesday, May 6th. Susquehanna boosted their price objective on shares of Advanced Micro Devices from $375.00 to $450.00 and gave the stock a “positive” rating in a research note on Wednesday, May 6th. Finally, Citigroup downgraded shares of Advanced Micro Devices from a “buy” rating to a “market perform” rating in a report on Friday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $468.65.

Advanced Micro Devices Price Performance

The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. The stock has a fifty day simple moving average of $503.89 and a 200-day simple moving average of $329.65. The stock has a market cap of $808.39 billion, a price-to-earnings ratio of 162.54, a price-to-earnings-growth ratio of 1.43 and a beta of 2.47.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. During the same period in the previous year, the company earned $0.96 earnings per share. The company’s quarterly revenue was up 37.8% compared to the same quarter last year. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 6.26 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the completion of the transaction, the chief executive officer directly owned 2,896,899 shares in the company, valued at $1,334,572,400.31. This represents a 4.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 24,376 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $444.39, for a total transaction of $10,832,450.64. Following the completion of the sale, the executive vice president directly owned 105,222 shares of the company’s stock, valued at approximately $46,759,604.58. This trade represents a 18.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 341,630 shares of company stock valued at $152,147,456 in the last three months. 0.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Advanced Micro Devices

A number of institutional investors have recently added to or reduced their stakes in AMD. Regent Peak Wealth Advisors LLC increased its stake in Advanced Micro Devices by 1.1% during the second quarter. Regent Peak Wealth Advisors LLC now owns 5,938 shares of the semiconductor manufacturer’s stock valued at $3,449,000 after acquiring an additional 66 shares during the period. Wedge Capital Management L L P NC bought a new stake in shares of Advanced Micro Devices in the 2nd quarter worth approximately $822,000. Annex Advisory Services LLC lifted its position in shares of Advanced Micro Devices by 28.3% in the 2nd quarter. Annex Advisory Services LLC now owns 1,991 shares of the semiconductor manufacturer’s stock worth $1,157,000 after acquiring an additional 439 shares during the period. Accel Wealth Management grew its holdings in shares of Advanced Micro Devices by 1.4% during the 2nd quarter. Accel Wealth Management now owns 5,372 shares of the semiconductor manufacturer’s stock worth $3,121,000 after purchasing an additional 74 shares in the last quarter. Finally, Whitener Capital Management Inc. acquired a new stake in shares of Advanced Micro Devices during the 2nd quarter worth approximately $549,000. 71.34% of the stock is owned by institutional investors and hedge funds.

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.