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Cantor Fitzgerald Reaffirms Overweight Rating for Advanced Micro Devices (NASDAQ:AMD)

Advanced Micro Devices logo with Computer and Technology background

Advanced Micro Devices (NASDAQ:AMD - Get Free Report)'s stock had its "overweight" rating restated by analysts at Cantor Fitzgerald in a report issued on Wednesday,Benzinga reports. They presently have a $120.00 target price on the semiconductor manufacturer's stock. Cantor Fitzgerald's price objective would indicate a potential upside of 16.69% from the company's current price. Cantor Fitzgerald also issued estimates for Advanced Micro Devices' FY2025 earnings at $3.00 EPS.

Several other brokerages have also recently issued reports on AMD. Roth Capital set a $140.00 price objective on Advanced Micro Devices in a research note on Wednesday, February 5th. Evercore ISI cut their price target on Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Bank of America raised shares of Advanced Micro Devices from a "neutral" rating to a "buy" rating and set a $120.00 price objective for the company in a research note on Wednesday. Seaport Res Ptn upgraded shares of Advanced Micro Devices to a "strong-buy" rating in a report on Wednesday, April 30th. Finally, Wolfe Research downgraded shares of Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a research note on Thursday, January 16th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices has an average rating of "Moderate Buy" and an average target price of $131.13.

Read Our Latest Report on Advanced Micro Devices

Advanced Micro Devices Trading Up 1.1 %

AMD stock traded up $1.14 during midday trading on Wednesday, reaching $102.84. The company's stock had a trading volume of 31,640,225 shares, compared to its average volume of 42,550,442. The firm has a market capitalization of $166.22 billion, a price-to-earnings ratio of 103.88, a PEG ratio of 1.11 and a beta of 1.97. Advanced Micro Devices has a 1 year low of $76.48 and a 1 year high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The stock has a fifty day simple moving average of $97.41 and a two-hundred day simple moving average of $116.40.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. The company had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The firm's revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter last year, the business posted $0.62 EPS. On average, equities research analysts predict that Advanced Micro Devices will post 3.87 EPS for the current year.

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the sale, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. This trade represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.06% of the company's stock.

Institutional Investors Weigh In On Advanced Micro Devices

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bear Mountain Capital Inc. acquired a new stake in Advanced Micro Devices during the fourth quarter valued at $25,000. Greenline Partners LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $28,000. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of Advanced Micro Devices by 277.8% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. American Capital Advisory LLC raised its holdings in Advanced Micro Devices by 90.3% in the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 130 shares during the period. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in Advanced Micro Devices during the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Company Profile

(Get Free Report)

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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