Advanced Micro Devices (NASDAQ:AMD) Shares Up 11.4% After Analyst Upgrade

Key Points

• Advanced Micro Devices (AMD) shares rose 11.4% after Goldman Sachs upgraded its price target from $150 to $210, with the stock ultimately trading at $235.56.
• Other analysts also raised their price targets, with TD Cowen setting it to $195 and Benchmark to $270, reflecting a broad consensus of a "buy" rating among 24 analysts.
• Despite missing earnings expectations for the last quarter, AMD's revenue increased by 31.7% year-over-year, with projections showing a forecast of $3.87 EPS for the current fiscal year.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s stock price was up 11.4% during trading on Wednesday after The Goldman Sachs Group raised their price target on the stock from $150.00 to $210.00. The Goldman Sachs Group currently has a neutral rating on the stock. Advanced Micro Devices traded as high as $235.87 and last traded at $235.56. Approximately 156,243,590 shares were traded during mid-day trading, an increase of 223% from the average daily volume of 48,337,793 shares. The stock had previously closed at $211.51.

Other research analysts also recently issued research reports about the stock. TD Cowen raised their target price on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Benchmark raised their target price on shares of Advanced Micro Devices from $210.00 to $270.00 and gave the company a "buy" rating in a research report on Monday. Truist Financial reiterated a "buy" rating and issued a $273.00 price target (up previously from $213.00) on shares of Advanced Micro Devices in a research note on Tuesday. Deutsche Bank Aktiengesellschaft set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 6th. Finally, Melius upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 target price for the company in a research note on Monday, June 23rd. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $217.70.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction that occurred on 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 sale, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. The trade was a 1.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the sale, the chief executive officer owned 3,359,748 shares in the company, valued at approximately $550,897,879.56. This represents a 6.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 272,448 shares of company stock valued at $44,554,848. Company insiders own 0.06% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Pinney & Scofield Inc. grew its stake in shares of Advanced Micro Devices by 81.0% in the 2nd quarter. Pinney & Scofield Inc. now owns 190 shares of the semiconductor manufacturer's stock worth $27,000 after acquiring an additional 85 shares in the last quarter. Dogwood Wealth Management LLC grew its stake in shares of Advanced Micro Devices by 2,311.1% in the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer's stock worth $30,000 after acquiring an additional 208 shares in the last quarter. Avion Wealth grew its stake in shares of Advanced Micro Devices by 49.3% in the 2nd quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer's stock worth $30,000 after acquiring an additional 72 shares in the last quarter. West Branch Capital LLC grew its stake in shares of Advanced Micro Devices by 3,057.1% in the 2nd quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer's stock worth $31,000 after acquiring an additional 214 shares in the last quarter. Finally, Evolution Wealth Management Inc. bought a new stake in shares of Advanced Micro Devices in the 2nd quarter worth $34,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

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 stock has a market cap of $382.28 billion, a P/E ratio of 135.38, a price-to-earnings-growth ratio of 2.40 and a beta of 1.90. The company's 50 day moving average price is $167.22 and its 200-day moving average price is $135.02.

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 firm had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The business's revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices Company Profile

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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