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Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 9.4% After Analyst Upgrade

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Key Points

  • Advanced Micro Devices (AMD) stock surged 9.4% following an upgrade from Wolfe Research, which set a new price target of $300.00 for the shares.
  • Several analysts have revised their ratings, with the average consensus target price for AMD now at $231.00, indicating bullish sentiment among majority analysts.
  • Insider transactions revealed significant stock sales, with senior executives reducing their holdings, potentially raising concerns among investors despite strong recent performance.
  • Five stocks we like better than Advanced Micro Devices.

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) were up 9.4% on Wednesday after Wolfe Research upgraded the stock from a peer perform rating to an outperform rating. Wolfe Research now has a $300.00 price target on the stock. Advanced Micro Devices traded as high as $239.24 and last traded at $238.60. Approximately 107,233,342 shares were traded during trading, an increase of 117% from the average daily volume of 49,472,125 shares. The stock had previously closed at $218.09.

A number of other research firms have also commented on AMD. Raymond James Financial lifted their target price on Advanced Micro Devices from $120.00 to $200.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Dbs Bank upgraded Advanced Micro Devices from a "hold" rating to a "moderate buy" rating in a research note on Monday, October 6th. Seaport Res Ptn downgraded Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 4th. JPMorgan Chase & Co. raised 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. Finally, Truist Financial restated a "buy" rating and issued a $273.00 price target (up from $213.00) on shares of Advanced Micro Devices in a research note on Tuesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $231.00.

Check Out Our Latest Report on Advanced Micro Devices

Insider Buying and Selling

In other Advanced Micro Devices news, SVP Ava Hahn sold 2,868 shares of the firm's stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $226.01, for a total transaction of $648,196.68. Following the sale, the senior vice president directly owned 9,033 shares of the company's stock, valued at $2,041,548.33. This trade represents a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the firm's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total value of $2,767,996.00. Following the sale, the executive vice president directly owned 313,848 shares in the company, valued at approximately $50,507,558.64. This represents a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 257,318 shares of company stock valued at $42,412,815 over the last three months. 0.06% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Institutional investors and hedge funds have recently bought and sold shares of the business. Wise Wealth Partners bought a new stake in shares of Advanced Micro Devices in the second quarter worth about $343,000. Parisi Gray Wealth Management bought a new stake in shares of Advanced Micro Devices in the second quarter worth about $343,000. Davis Investment Partners LLC bought a new stake in shares of Advanced Micro Devices in the second quarter worth about $736,000. REAP Financial Group LLC increased its holdings in shares of Advanced Micro Devices by 16.9% in the second quarter. REAP Financial Group LLC now owns 1,197 shares of the semiconductor manufacturer's stock worth $170,000 after purchasing an additional 173 shares during the last quarter. Finally, Sivia Capital Partners LLC increased its holdings in shares of Advanced Micro Devices by 125.1% in the second quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer's stock worth $758,000 after purchasing an additional 2,970 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Up 9.4%

The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average price of $172.00 and a 200-day moving average price of $138.97. The stock has a market capitalization of $387.21 billion, a P/E ratio of 137.13, a PEG ratio of 2.54 and a beta of 1.90.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its 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). 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 the consensus estimate of $7.41 billion. During the same period last year, the firm posted $0.69 earnings per share. The company's revenue for the quarter 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, research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices Company Profile

(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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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.

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