Nora Denzel Sells 1,821 Shares of Advanced Micro Devices (NASDAQ:AMD) Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) Director Nora Denzel sold 1,821 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $522.00, for a total transaction of $950,562.00. Following the transaction, the director directly owned 95,799 shares of the company’s stock, valued at $50,007,078. The trade was a 1.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Nora Denzel also recently made the following trade(s):

• On Tuesday, June 2nd, Nora Denzel sold 8,626 shares of Advanced Micro Devices stock. The stock was sold at an average price of $522.00, for a total transaction of $4,502,772.00.

Advanced Micro Devices Trading Up 2.2%

Shares of NASDAQ:AMD traded up $11.41 during mid-day trading on Tuesday, reaching $521.54. 24,167,723 shares of the company were exchanged, compared to its average volume of 38,698,254. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96. The firm has a market cap of $850.42 billion, a price-to-earnings ratio of 171.00, a P/E/G ratio of 1.52 and a beta of 2.40. The firm’s 50-day simple moving average is $333.88 and its 200 day simple moving average is $257.70. Advanced Micro Devices, Inc. has a 1 year low of $113.28 and a 1 year high of $527.20.

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 analysts’ consensus estimates of $1.29 by $0.08. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The firm’s quarterly revenue was up 37.8% on a year-over-year basis. During the same quarter last year, the company posted $0.96 EPS. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.2 EPS for the current year.

Institutional Investors Weigh In On Advanced Micro Devices

A number of hedge funds and other institutional investors have recently modified their holdings of AMD. Joseph Group Capital Management acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $25,000. Koesten Hirschmann & Crabtree INC. raised its holdings in shares of Advanced Micro Devices by 61.0% in the 3rd quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 61 shares in the last quarter. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $27,000. Cornerstone Financial Management LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $27,000. Finally, Basepoint Wealth LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $30,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMD has been the subject of several recent research reports. Phillip Securities raised shares of Advanced Micro Devices from a “moderate buy” rating to a “strong-buy” rating in a research report on Sunday, February 8th. Roth Mkm reissued a “buy” rating and issued a $500.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 6th. TD Cowen raised their price target on shares of Advanced Micro Devices from $500.00 to $600.00 and gave the company a “buy” rating in a research report on Monday. Jefferies Financial Group cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, Piper Sandler reissued an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 25th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $419.86.

More Advanced Micro Devices News

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

• Positive Sentiment: AMD began ramping production of its next-generation Venice EPYC processors on TSMC’s 2nm process, a bullish sign that its data-center roadmap remains on track and could support future revenue growth. Why Advanced Micro Devices (AMD) Is Up 10.4% After Launching 2nm EPYC Venice Production
• Positive Sentiment: AMD joined DriveNets’ $410 million funding round, signaling a broader push into AI networking infrastructure, which investors view as a complementary growth area to GPUs and CPUs. AMD Joins DriveNets Funding Round
• Positive Sentiment: A top Cowen analyst reportedly reiterated a bullish view after meeting with AMD CEO Lisa Su, adding to confidence that management sees continued AI momentum ahead. Top Cowen Analyst Pounds the Table on AMD Stock After Meeting With Lisa Su
• Neutral Sentiment: Some coverage notes that AMD has become expensive after its enormous rally, so valuation concerns may be starting to temper enthusiasm for new buyers. AMD vs. Nvidia Stock: One Metric Tells Me Which Is Clearly the Better Buy
• Neutral Sentiment: AMD stock has also seen some short-term pullback pressure as investors lock in gains after the recent surge, suggesting consolidation rather than a fundamental setback. What's Going On With AMD Stock Tuesday?
• Negative Sentiment: NVIDIA’s new RTX Spark PC chip is a competitive threat to AMD in the PC market, raising concern that NVIDIA could pressure AMD’s client-chip business over time. Nvidia Just Derailed the Chip Rally. Intel, AMD Are Falling Sharply.

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.