Advanced Micro Devices (AMD) Stock Falls After Executive Sells $1.54M in Stock

TLDR

• AMD EVP Paul Darren Grasby sold 7,500 AMD at ~$204.87 on March 11, totaling $1.54M — a 5.47% cut to his stake.
• AMD stock fell 2.2% on Friday, touching a low of $192.27 on below-average volume.
• AMD’s last earnings beat was strong: $1.53 EPS (vs $1.32 est.) and $10.27B revenue, up 34.1% year-over-year.
• Analyst consensus is “Moderate Buy” with an average price target of $290.53; targets range from $240 (Goldman) to $358 (Evercore).
• Headwinds include a new Chinese GPU competitor, Meta developing in-house chips, and broader macro/export control pressure on semiconductors.

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AMD stock dropped 2.2% on Friday after an executive sold $1.54 million worth of the stock earlier in the week. The sale came from EVP and Chief Strategy Officer Paul Darren Grasby, who offloaded 7,500 AMD at an average price of $204.87 on March 11.

Advanced Micro Devices, Inc., AMD

The stock slid to a low of $192.27 during Friday’s session before closing at $193.39. That’s down from its previous close of $197.74.

Trading volume came in at around 27.4 million — roughly 30% below AMD’s average daily volume of about 39 million. The lighter volume suggests the move wasn’t driven by panic selling.

Grasby still holds 129,598 AMD after the transaction, valued at around $26.5 million at the sale price. The 5.47% reduction in his position was filed with the SEC via Form 4, as required for corporate insiders.

Insider sales don’t always signal trouble — executives sell for all kinds of reasons, from tax planning to diversification. But the timing drew attention, given AMD’s year-to-date price drop of roughly 7.7%.

Earnings Were Strong

AMD’s most recent quarterly results, reported February 3, gave investors plenty to feel good about. The company posted $1.53 EPS, beating the consensus estimate of $1.32 by $0.21.

Revenue came in at $10.27 billion for the quarter — up 34.1% from the same period a year ago and ahead of analyst estimates of $9.65 billion. EPS a year ago was $1.09, so the year-over-year improvement was clear.

Analysts expect AMD to post $3.87 EPS for the full fiscal year.

The company’s balance sheet looks solid. Debt-to-equity sits at just 0.04, the current ratio is 2.85, and the quick ratio is 2.01. The P/E ratio stands at around 73, which is elevated, but the price-to-earnings-growth ratio of 0.77 suggests the valuation isn’t as stretched when growth is factored in.

AMD recently struck a multi-year patent licensing deal with Adeia and pushed new AI products at MWC 2026, including Ryzen AI Embedded and telco AI solutions.

Analyst Targets Vary Widely

Wall Street remains broadly positive on AMD, but the range of opinions is wide. Goldman Sachs holds a neutral rating with a $240 target. UBS has a $310 target. Evercore is more bullish at $358 with an outperform rating.

The overall consensus from MarketBeat data sits at “Moderate Buy” with an average target of $290.53 — well above the current trading price.

Of the analysts covering AMD, 29 have a Buy rating, one has a Strong Buy, and 10 have a Hold. None have a Sell.

Several headwinds are on the radar. Chinese chipmaker Lisuan Technology recently announced GPU products that rattled sentiment across AMD and Nvidia. Meta’s push to develop its own AI chips could reduce demand for third-party suppliers.

Macro pressures — rising oil prices, geopolitical tension, and AI chip export controls — have also weighed on the semiconductor sector recently.

AMD’s 50-day moving average sits at $216.76 and its 200-day at $209.62. The stock is currently trading below both.

As of Friday’s close, AMD’s market cap stood at approximately $315 billion.

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