Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s stock price rose 1.7% during mid-day trading on Tuesday after Truist Financial upgraded the stock from a hold rating to a buy rating. Truist Financial now has a $213.00 price target on the stock, up from their previous price target of $173.00. Advanced Micro Devices traded as high as $169.77 and last traded at $166.16. Approximately 26,002,680 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 46,755,219 shares. The stock had previously closed at $163.36.
A number of other analysts also recently weighed in on the stock. Barclays raised their price objective on Advanced Micro Devices from $130.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Seaport Res Ptn upgraded Advanced Micro Devices to a "strong-buy" rating in a research note on Wednesday, April 30th. Benchmark raised their price target on Advanced Micro Devices from $170.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Dbs Bank lowered Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, Melius raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 target price on the stock in a report on Monday, June 23rd. Four analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has an average rating of "Moderate Buy" and an average target price of $181.33.
View Our Latest Stock Report on AMD
Insider Activity
In other news, EVP Paul Darren Grasby sold 10,000 shares of the company'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 transaction of $1,732,100.00. Following the completion of the transaction, the executive vice president directly owned 125,505 shares in the company, valued at $21,738,721.05. The trade was a 7.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 225,000 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $163.97, for a total value of $36,893,250.00. Following the transaction, the chief executive officer owned 3,359,748 shares of the company's stock, valued at approximately $550,897,879.56. This trade represents a 6.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 252,998 shares of company stock worth $41,415,580 in the last three months. 0.06% of the stock is owned by insiders.
Institutional Trading of Advanced Micro Devices
Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Advanced Micro Devices by 1.5% during the second quarter. Vanguard Group Inc. now owns 154,648,859 shares of the semiconductor manufacturer's stock worth $21,944,673,000 after purchasing an additional 2,281,508 shares during the period. State Street Corp grew its holdings in shares of Advanced Micro Devices by 0.8% during the second quarter. State Street Corp now owns 72,069,259 shares of the semiconductor manufacturer's stock worth $10,226,628,000 after buying an additional 581,330 shares in the last quarter. Geode Capital Management LLC grew its stake in Advanced Micro Devices by 1.4% in the second quarter. Geode Capital Management LLC now owns 36,690,685 shares of the semiconductor manufacturer's stock valued at $5,181,556,000 after purchasing an additional 514,445 shares in the last quarter. Norges Bank bought a new position in shares of Advanced Micro Devices during the 2nd quarter worth approximately $3,094,662,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Advanced Micro Devices by 9.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,401,436 shares of the semiconductor manufacturer's stock worth $2,585,079,000 after acquiring an additional 1,929,225 shares during the period. Institutional investors own 71.34% of the company's stock.
Advanced Micro Devices Stock Performance
The firm has a market capitalization of $268.99 billion, a price-to-earnings ratio of 95.50, a PEG ratio of 1.98 and a beta of 1.94. The company has a fifty day moving average of $156.22 and a two-hundred day moving average of $122.55. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing analysts' consensus estimates 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 quarterly revenue was up 31.7% on a year-over-year basis. During the same period last year, the firm posted $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.
Advanced Micro Devices declared that its board has authorized a share repurchase program on Wednesday, May 14th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its shares are undervalued.
About Advanced Micro Devices
(
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.
Further Reading
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