Forrest Eugene Norrod Sells 17,261 Shares of Advanced Micro Devices (NASDAQ:AMD) Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Forrest Eugene Norrod sold 17,261 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $459.95, for a total transaction of $7,939,196.95. Following the completion of the transaction, the executive vice president owned 373,317 shares of the company’s stock, valued at approximately $171,707,154.15. This trade represents a 4.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Advanced Micro Devices Stock Performance

Shares of AMD traded up $1.75 during mid-day trading on Wednesday, reaching $480.93. 13,738,849 shares of the company’s stock traded hands, compared to its average volume of 34,786,828. The business’s 50-day moving average price is $509.02 and its 200-day moving average price is $379.94. The stock has a market capitalization of $785.10 billion, a P/E ratio of 123.63 and a beta of 2.48. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. Advanced Micro Devices, Inc. has a 12 month low of $149.22 and a 12 month high of $584.73.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data 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. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The business had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. During the same period in the previous year, the firm posted $0.48 earnings per share. The business’s revenue was up 50.1% on a year-over-year basis. Equities analysts predict that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current year.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AI and data-center momentum remain the main catalyst. AMD’s second-quarter revenue reportedly reached $11.54 billion, up 50% year over year, while data-center revenue more than doubled to approximately $6.7 billion. Management’s roughly $13 billion third-quarter revenue outlook and growing hyperscaler commitments support expectations for continued demand. AMD Stock Surges on Data Center Growth
• Positive Sentiment: AMD is increasingly viewed as an alternative to Nvidia. OpenAI and Meta have reportedly committed to large-scale AMD Instinct GPU deployments, giving investors greater confidence that the company can capture part of the AI accelerator market. Articles also highlight opportunities in inference, agentic AI and CPU market-share gains. AMD Is Building an AI Escape Hatch From Nvidia
• Positive Sentiment: Next-generation products are strengthening the growth narrative. The Instinct MI455X is expected to feature 432 GB of HBM4 memory, 50% more than its predecessor, while the Helios rack system is reportedly in production with initial shipments expected later this quarter. AMD also announced UCIe connectivity for Versal adaptive SoCs. AMD’s Next AI Accelerator
• Positive Sentiment: Analyst sentiment improved. Raymond James upgraded AMD to Strong Buy, and other Wall Street firms reiterated Buy ratings or raised price targets, with targets extending above the current trading range. AMD Stock Gets Strong Buy Upgrade
• Neutral Sentiment: Nvidia’s earnings are a near-term swing factor. Investors are using Nvidia’s report and guidance to gauge AI infrastructure demand and competitive pressure across the semiconductor sector.
• Negative Sentiment: Valuation and supply-chain risks temper the optimism. AMD has risen sharply, leaving the stock with a high earnings multiple. Articles also cite export-policy uncertainty, rising memory costs and the need for substantial investment in Taiwan packaging and AI manufacturing capacity. AMD’s Next Move Could Be Huge
• Negative Sentiment: Persistent insider selling is a cautionary signal. Recent reports cite substantial sales by AMD executives, including CEO Lisa Su, which may reinforce profit-taking concerns after the stock’s powerful rally. AMD Trading Following Insider Selling

Hedge Funds Weigh In On Advanced Micro Devices

Several hedge funds have recently modified their holdings of the company. Joseph Group Capital Management acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $25,000. Sarver Vrooman Wealth Advisors bought a new position in Advanced Micro Devices during the fourth quarter valued at about $27,000. Cornerstone Financial Management LLC acquired a new position in Advanced Micro Devices during the fourth quarter worth about $27,000. Basepoint Wealth LLC acquired a new position in Advanced Micro Devices during the fourth quarter worth about $30,000. Finally, JNBA Financial Advisors raised its position in Advanced Micro Devices by 142.9% in the second quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer’s stock worth $30,000 after acquiring an additional 30 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on AMD. Citigroup raised Advanced Micro Devices from a “market perform” rating to a “buy” rating in a research note on Wednesday, July 22nd. Sanford C. Bernstein restated an “outperform” rating and set a $650.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. UBS Group reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a report on Friday, July 24th. KeyCorp set a $650.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Finally, Seaport Research Partners raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $430.00 target price on the stock in a research note on Wednesday, May 6th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $553.72.

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.