Advanced Micro Devices (NASDAQ:AMD) Shares Gap Up on Analyst Upgrade

Key Points

• Advanced Micro Devices (NASDAQ: AMD) saw its share price increase sharply from a previous close of $203.71 to an opening price of $214.85 following an upgrade by Rosenblatt Securities, which raised its price target from $200.00 to $250.00.
• Multiple research firms are bullish on AMD, with target prices ranging from $175.00 to $300.00, and an average rating of "Moderate Buy" across analysts.
• Insider selling includes transactions by executives Paul Darren Grasby and Forrest Eugene Norrod, with the total share sales in the last ninety days amounting to 272,448 shares valued at $44,554,848.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s share price gapped up before the market opened on Tuesday after Rosenblatt Securities raised their price target on the stock from $200.00 to $250.00. The stock had previously closed at $203.71, but opened at $214.85. Rosenblatt Securities currently has a buy rating on the stock. Advanced Micro Devices shares last traded at $213.76, with a volume of 39,026,605 shares.

Several other research firms have also commented on AMD. Truist Financial set a $273.00 target price on Advanced Micro Devices and gave the stock a "buy" rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft set a $200.00 target price on Advanced Micro Devices in a report on Wednesday, August 6th. Jefferies Financial Group set a $300.00 price target on Advanced Micro Devices and gave the stock a "positive" rating in a research report on Monday. Melius upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price target on the stock in a research report on Monday, June 23rd. Finally, Mizuho increased their price target on Advanced Micro Devices from $183.00 to $205.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $209.97.

Insider Transactions at Advanced Micro Devices

In other news, EVP Paul Darren Grasby sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total value of $1,732,100.00. Following the transaction, the executive vice president owned 125,505 shares in the company, valued at $21,738,721.05. This trade represents a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total value of $2,767,996.00. Following the completion of the transaction, the executive vice president owned 313,848 shares in the company, valued at approximately $50,507,558.64. This trade represents a 5.20% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 272,448 shares of company stock worth $44,554,848. 0.06% of the stock is owned by insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Institutional investors have recently added to or reduced their stakes in the stock. Pinney & Scofield Inc. lifted its position in Advanced Micro Devices by 81.0% during the second quarter. Pinney & Scofield Inc. now owns 190 shares of the semiconductor manufacturer's stock worth $27,000 after buying an additional 85 shares in the last quarter. Dogwood Wealth Management LLC lifted its position in Advanced Micro Devices by 2,311.1% during the second quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer's stock worth $30,000 after buying an additional 208 shares in the last quarter. Avion Wealth lifted its position in Advanced Micro Devices by 49.3% during the second quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer's stock worth $30,000 after buying an additional 72 shares in the last quarter. West Branch Capital LLC lifted its position in Advanced Micro Devices by 3,057.1% during the second quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer's stock worth $31,000 after buying an additional 214 shares in the last quarter. Finally, Evolution Wealth Management Inc. purchased a new position in Advanced Micro Devices during the second quarter worth approximately $34,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

The firm has a 50 day simple moving average of $166.54 and a 200-day simple moving average of $134.48. 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 company has a market cap of $347.56 billion, a price-to-earnings ratio of 122.72, a PEG ratio of 1.94 and a beta of 1.90.

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

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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