Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 7.6% - Here's Why

Key Points

• Advanced Micro Devices (AMD) stock price surged by 7.6% during mid-day trading, reaching approximately $253.39 after closing at $234.99.
• Recent research reports indicate a mixed outlook for AMD, with three analysts rating it as Strong Buy, while others have adjusted their price targets and ratings, leading to an average rating of "Moderate Buy."
• In the last 90 days, insiders have sold a total of 274,118 shares worth about $46.2 million, with insider ownership currently at only 0.06%.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s share price rose 7.6% during mid-day trading on Friday . The stock traded as high as $253.39 and last traded at $252.92. Approximately 70,536,829 shares traded hands during trading, an increase of 42% from the average daily volume of 49,699,578 shares. The stock had previously closed at $234.99.

Wall Street Analyst Weigh In

AMD has been the subject of several recent research reports. Erste Group Bank cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating in a report on Thursday, September 11th. Dbs Bank raised shares of Advanced Micro Devices from a "hold" rating to a "moderate buy" rating in a report on Monday, October 6th. The Goldman Sachs Group lifted their price objective on shares of Advanced Micro Devices from $150.00 to $210.00 and gave the company a "neutral" rating in a report on Wednesday, October 8th. Wedbush lifted their price objective on shares of Advanced Micro Devices from $190.00 to $270.00 and gave the company an "outperform" rating in a report on Wednesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft set a $235.00 price objective on shares of Advanced Micro Devices and gave the company a "hold" rating in a report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $233.94.

Advanced Micro Devices Stock Up 7.6%

The business has a fifty day simple moving average of $180.58 and a 200 day simple moving average of $145.45. The firm has a market cap of $410.45 billion, a price-to-earnings ratio of 145.36, a PEG ratio of 2.10 and a beta of 1.90. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its 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). Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The firm had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same period in the previous year, the company earned $0.69 EPS. Advanced Micro Devices's revenue was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, EVP Paul Darren Grasby sold 10,000 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the sale, the executive vice president owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 16,800 shares of the company's stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $224.28, for a total transaction of $3,767,904.00. Following the sale, the executive vice president directly owned 1,714,505 shares of the company's stock, valued at approximately $384,529,181.40. This represents a 0.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 274,118 shares of company stock worth $46,180,719 in the last 90 days. 0.06% of the stock is owned by insiders.

Institutional Trading of Advanced Micro Devices

Large investors have recently bought and sold shares of the business. Norges Bank acquired a new position in Advanced Micro Devices in the 2nd quarter valued at about $3,094,662,000. Kingstone Capital Partners Texas LLC acquired a new position in Advanced Micro Devices in the 2nd quarter valued at about $958,422,000. Goldman Sachs Group Inc. boosted its holdings in Advanced Micro Devices by 169.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer's stock valued at $1,012,538,000 after purchasing an additional 6,200,850 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Advanced Micro Devices by 131.5% in 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 last quarter. Finally, Nuveen LLC acquired a new position in 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.