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Mark Papermaster, Chief Technology Officer and Executive Vice President of Advanced Micro Devices Inc. (NASDAQ:AMD), recently executed several stock transactions. On February 14, Papermaster sold a total of 17,500 shares of AMD common stock for approximately $1.99 million. The shares were sold at prices ranging from $112.94 to $114.46 per share. The transaction comes as AMD, currently valued at $186 billion, trades near $114.69 per share. According to InvestingPro analysis, the stock appears slightly undervalued based on its Fair Value metrics.
In addition to these sales, Papermaster also exercised stock options to acquire 17,500 shares at a price of $19.10 per share, totaling $334,250. These transactions were conducted under a pre-established Rule 10b5-1 trading plan, which was adopted on November 5, 2024. Following these transactions, Papermaster retains ownership of 1,713,710 shares of AMD common stock. With a beta of 1.65 and analyst targets ranging from $90 to $225, InvestingPro identifies AMD as having significant stock price volatility. Subscribers can access 15 additional ProTips and a comprehensive Pro Research Report for deeper insights into AMD’s valuation and growth prospects.
In other recent news, Advanced Micro Devices, Inc. (AMD) has been the focus of several key developments. The company recently announced the integration of AMD Instinct™ MI325X GPUs into Vultr’s Chicago data center, enhancing capabilities for AI-native applications. Benchmark analysts have maintained a Buy rating on AMD, with a $170 price target, emphasizing the company’s strong position in the AI market and its market share gains in the Client and Server markets. However, Daiwa Securities downgraded AMD from a Buy to an Outperform rating, lowering the price target to $130, citing concerns over the company’s GPU business and unmet performance expectations in the first half of 2025.
TD Cowen also reduced its price target for AMD to $135 while maintaining a Buy rating, highlighting the need for AMD to demonstrate its capabilities in the competitive AI sector. The firm noted the strategic shift in AMD’s product lineup, particularly the expedited introduction of the MI355. Truist Securities expressed a cautious stance, reducing AMD’s price target to $130 and maintaining a Hold rating due to AMD’s datacenter performance not meeting expectations. Despite these mixed assessments, AMD continues to be a significant player in the AI and server markets, with ongoing efforts to expand its market presence and product offerings.
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