Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 1.4% - Still a Buy?

Key Points

• Advanced Micro Devices (AMD) stock rose 1.4% to $164.01, with a total trading volume of approximately 39.6 million shares, which is down 15% from its average daily volume.
• Multiple analysts upgraded AMD's stock ratings, with price targets ranging from $175.00 to $210.00, while the consensus target price stands at $180.88.
• AMD's recent quarterly earnings reported a miss in EPS expectations at $0.48, though revenue was strong at $7.69 billion, exceeding forecasts by 31.7% year-over-year.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) shares rose 1.4% during trading on Wednesday . The company traded as high as $164.18 and last traded at $164.01. Approximately 39,595,078 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 46,333,301 shares. The stock had previously closed at $161.79.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Melius raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price objective on the stock in a research report on Monday, June 23rd. JPMorgan Chase & Co. upped their price target on Advanced Micro Devices from $120.00 to $180.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Jefferies Financial Group lifted their price objective on shares of Advanced Micro Devices from $100.00 to $160.00 in a research report on Wednesday, July 16th. Wells Fargo & Company boosted their target price on shares of Advanced Micro Devices from $120.00 to $185.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Finally, Susquehanna lifted their price target on shares of Advanced Micro Devices from $135.00 to $210.00 and gave the company a "positive" rating in a report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and a consensus target price of $180.88.

Advanced Micro Devices Stock Up 1.4%

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 company has a fifty day moving average of $165.71 and a two-hundred day moving average of $132.34. The company has a market cap of $266.16 billion, a PE ratio of 94.26, a price-to-earnings-growth ratio of 1.90 and a beta of 1.92.

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

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction 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 completion of the sale, the chief executive officer directly owned 3,359,748 shares in the company, valued at approximately $550,897,879.56. This trade represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul Darren Grasby sold 10,000 shares of the company's stock in a transaction dated 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 owned 125,505 shares in the company, valued at approximately $21,738,721.05. The trade was a 7.38% decrease in their ownership of the stock. 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 currently owned by company insiders.

Institutional Trading of Advanced Micro Devices

Large investors have recently modified their holdings of the company. Norges Bank bought a new position in shares of Advanced Micro Devices during the 2nd quarter worth $3,094,662,000. Kingstone Capital Partners Texas LLC purchased a new stake in Advanced Micro Devices in the second quarter worth about $958,422,000. Goldman Sachs Group Inc. grew its holdings in Advanced Micro Devices by 169.7% during 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. increased its position in 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 valued at $1,069,846,000 after purchasing an additional 5,915,185 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Advanced Micro Devices in the 1st quarter valued at about $436,746,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

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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