Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 3.8% on Analyst Upgrade

Key Points

• Advanced Micro Devices' stock price increased by 3.8% after Citigroup upgraded its price target from $180.00 to $215.00.
• Various analysts have raised their price targets for AMD, with a consensus target of $213.00 and a rating of "Moderate Buy".
• Insider trading activity includes significant sales by execs, with 272,448 shares sold worth approximately $44.55 million over the last 90 days.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s stock price rose 3.8% during mid-day trading on Tuesday after Citigroup raised their price target on the stock from $180.00 to $215.00. Citigroup currently has a neutral rating on the stock. Advanced Micro Devices traded as high as $218.90 and last traded at $211.51. Approximately 115,246,807 shares traded hands during mid-day trading, an increase of 141% from the average daily volume of 47,809,473 shares. The stock had previously closed at $203.71.

Other equities analysts have also issued reports about the stock. Raymond James Financial lifted their price target on shares of Advanced Micro Devices from $120.00 to $200.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Stifel Nicolaus set a $240.00 target price on Advanced Micro Devices in a research note on Monday. Benchmark upped their target price on Advanced Micro Devices from $210.00 to $270.00 and gave the company a "buy" rating in a research report on Monday. The Goldman Sachs Group raised Advanced Micro Devices to a "hold" rating and set a $140.00 price target for the company in a report on Thursday, July 10th. Finally, Bank of America upped their price objective on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and a consensus target price of $213.00.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 10,000 shares of the 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 sale, the executive vice president directly owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Forrest Eugene Norrod sold 2,250 shares of the business's stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $165.01, for a total value of $371,272.50. Following the completion of the transaction, the executive vice president directly owned 311,598 shares of the company's stock, valued at approximately $51,416,785.98. This trade represents a 0.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 272,448 shares of company stock worth $44,554,848 over the last ninety days. 0.06% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Advanced Micro Devices by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 154,648,859 shares of the semiconductor manufacturer's stock valued at $21,944,673,000 after purchasing an additional 2,281,508 shares in the last quarter. State Street Corp grew its position in 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 valued at $10,226,628,000 after buying an additional 581,330 shares during the period. Geode Capital Management LLC grew its position in Advanced Micro Devices by 1.4% during 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 buying an additional 514,445 shares during the period. Norges Bank purchased a new position in Advanced Micro Devices in the second quarter valued at $3,094,662,000. Finally, Amundi raised its position in shares of Advanced Micro Devices by 8.0% in the first quarter. Amundi now owns 17,829,010 shares of the semiconductor manufacturer's stock worth $1,677,014,000 after acquiring an additional 1,319,064 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

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 firm has a market capitalization of $343.25 billion, a PE ratio of 121.56, a price-to-earnings-growth ratio of 1.94 and a beta of 1.90. The firm's 50 day moving average price is $166.54 and its 200-day moving average price is $134.48.

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 for the quarter, missing the consensus estimate of $0.54 by ($0.06). The business had revenue of $7.69 billion during the quarter, compared to analysts' expectations of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. Advanced Micro Devices's revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. On average, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current 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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