Advanced Micro Devices (NASDAQ:AMD) Shares Gap Down - Here's What Happened

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $159.16, but opened at $150.96. Advanced Micro Devices shares last traded at $154.68, with a volume of 32,809,165 shares changing hands.

Analyst Ratings Changes

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A number of brokerages have recently weighed in on AMD. Citigroup raised their price objective on shares of Advanced Micro Devices from $145.00 to $165.00 and gave the stock a "neutral" rating in a research note on Friday, July 18th. Piper Sandler boosted their price objective on shares of Advanced Micro Devices from $140.00 to $190.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Roth Capital set a $150.00 target price on shares of Advanced Micro Devices and gave the company a "buy" rating in a report on Friday, June 13th. Wells Fargo & Company boosted their price objective on shares of Advanced Micro Devices from $120.00 to $185.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $180.88.

View Our Latest Analysis on Advanced Micro Devices

Advanced Micro Devices Price Performance

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The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. The stock has a market capitalization of $250.99 billion, a P/E ratio of 88.89, a PEG ratio of 1.89 and a beta of 1.92. The stock's fifty day moving average is $164.53 and its 200-day moving average is $128.34.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The business had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same period in the previous year, the company earned $0.69 earnings per share. The company's quarterly revenue was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Activity

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In related news, CEO Lisa T. Su sold 225,000 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total value of $36,893,250.00. Following the transaction, the chief executive officer directly owned 3,359,748 shares in the company, valued at approximately $550,897,879.56. This trade represents a 6.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Paul Darren Grasby sold 10,000 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the transaction, the executive vice president owned 125,505 shares in the company, valued at $21,738,721.05. The trade was a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 270,198 shares of company stock valued at $44,183,576. 0.06% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Advanced Micro Devices

A number of hedge funds and other institutional investors have recently made changes to their positions in AMD. Cornerstone Advisory LLC lifted its holdings in Advanced Micro Devices by 1.4% during the 2nd quarter. Cornerstone Advisory LLC now owns 4,271 shares of the semiconductor manufacturer's stock valued at $606,000 after purchasing an additional 57 shares during the last quarter. King Wealth Management Group grew its holdings in Advanced Micro Devices by 2.1% during the second quarter. King Wealth Management Group now owns 3,017 shares of the semiconductor manufacturer's stock valued at $428,000 after purchasing an additional 62 shares during the period. Synergy Financial Group LTD grew its holdings in Advanced Micro Devices by 2.0% during the second quarter. Synergy Financial Group LTD now owns 3,309 shares of the semiconductor manufacturer's stock valued at $470,000 after purchasing an additional 64 shares during the period. Tortoise Investment Management LLC grew its holdings in Advanced Micro Devices by 14.8% during the second quarter. Tortoise Investment Management LLC now owns 503 shares of the semiconductor manufacturer's stock valued at $71,000 after purchasing an additional 65 shares during the period. Finally, Tritonpoint Wealth LLC grew its holdings in Advanced Micro Devices by 2.6% during the second quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer's stock valued at $405,000 after purchasing an additional 72 shares during the period. 71.34% of the stock is owned by institutional investors.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.

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