Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s stock price shot up 1.7% during mid-day trading on Tuesday . The stock traded as high as $154.37 and last traded at $153.92. 17,292,319 shares were traded during mid-day trading, a decline of 63% from the average session volume of 46,498,914 shares. The stock had previously closed at $151.41.
Analysts Set New Price Targets
Several brokerages have issued reports on AMD. TD Cowen increased their price objective 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. Melius raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price objective for the company in a research report on Monday, June 23rd. Wedbush reiterated a "cautious" rating on shares of Advanced Micro Devices in a research note on Saturday, August 9th. Susquehanna increased their target price on Advanced Micro Devices from $135.00 to $210.00 and gave the company a "positive" rating in a research note on Wednesday, July 30th. Finally, Barclays increased their target price on Advanced Micro Devices from $130.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average target price of $180.88.
View Our Latest Stock Report on AMD
Advanced Micro Devices Trading Up 1.9%
The firm has a market capitalization of $257.33 billion, a price-to-earnings ratio of 57.87, a price-to-earnings-growth ratio of 1.83 and a beta of 1.92. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average price of $162.72 and a 200-day moving average price of $126.75.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly 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 for 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%. The firm's quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.
Insider Buying and Selling
In related news, EVP Forrest Eugene Norrod sold 17,200 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total value of $2,767,996.00. Following the completion of the sale, the executive vice president directly owned 313,848 shares in the company, valued at approximately $50,507,558.64. The trade was a 5.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark D. Papermaster sold 17,998 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the sale, the executive vice president 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. Insiders sold a total of 270,198 shares of company stock valued at $44,183,576 over the last 90 days. 0.06% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the business. WT Wealth Management bought a new position in Advanced Micro Devices in the 2nd quarter worth approximately $248,000. SevenBridge Financial Group LLC increased its position in Advanced Micro Devices by 9.8% in the 2nd quarter. SevenBridge Financial Group LLC now owns 6,214 shares of the semiconductor manufacturer's stock worth $882,000 after buying an additional 557 shares during the period. American Trust bought a new position in Advanced Micro Devices in the 2nd quarter worth approximately $233,000. FSC Wealth Advisors LLC increased its position in Advanced Micro Devices by 18.8% in the 2nd quarter. FSC Wealth Advisors LLC now owns 949 shares of the semiconductor manufacturer's stock worth $135,000 after buying an additional 150 shares during the period. Finally, Evolution Wealth Management Inc. bought a new position in Advanced Micro Devices in the 2nd quarter worth approximately $34,000. 71.34% of the stock is owned by institutional investors.
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.
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