Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) hit a new 52-week high during mid-day trading on Monday after Benchmark raised their price target on the stock from $210.00 to $270.00. Benchmark currently has a buy rating on the stock. Advanced Micro Devices traded as high as $226.70 and last traded at $210.94, with a volume of 63841459 shares trading hands. The stock had previously closed at $164.67.
A number of other equities research analysts also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 6th. Cantor Fitzgerald restated an "overweight" rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 6th. Melius Research raised shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and increased their price target for the company from $110.00 to $175.00 in a report on Monday, June 23rd. Raymond James Financial upped their price objective on Advanced Micro Devices from $120.00 to $200.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Finally, Hsbc Global Res upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and a consensus price target of $185.73.
Read Our Latest Analysis on AMD
Insider Activity at Advanced Micro Devices
In related news, EVP Forrest Eugene Norrod sold 17,200 shares of Advanced Micro Devices stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total transaction of $2,767,996.00. Following the completion of the sale, the executive vice president owned 313,848 shares in the company, valued at $50,507,558.64. This trade represents a 5.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 17,998 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the sale, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. This trade represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 272,448 shares of company stock valued at $44,554,848. Company insiders own 0.06% of the company's stock.
Institutional Investors Weigh In On Advanced Micro Devices
Large investors have recently modified their holdings of the business. Norges Bank bought a new position in Advanced Micro Devices in the second quarter worth approximately $3,094,662,000. Kingstone Capital Partners Texas LLC purchased a new position in shares of Advanced Micro Devices in the 2nd quarter valued at $958,422,000. Goldman Sachs Group Inc. raised its position in shares of Advanced Micro Devices by 169.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer's stock worth $1,012,538,000 after acquiring an additional 6,200,850 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Advanced Micro Devices by 131.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer's stock worth $1,069,846,000 after purchasing an additional 5,915,185 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Advanced Micro Devices during the first quarter valued at about $436,746,000. Institutional investors own 71.34% of the company's stock.
Advanced Micro Devices Stock Up 27.6%
The business's fifty day moving average price is $165.94 and its two-hundred day moving average price is $133.80. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The firm has a market capitalization of $340.87 billion, a P/E ratio of 120.72, a PEG ratio of 1.94 and a beta of 1.90.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). The firm had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. Advanced Micro Devices's revenue was up 31.7% on a year-over-year basis. During the same quarter last year, the business earned $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.
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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