Advanced Micro Devices (NASDAQ:AMD) Trading Up 8.8% After Analyst Upgrade

Key Points

• Advanced Micro Devices (AMD) shares surged 8.8% after Wolfe Research upgraded the stock from a peer perform to an outperform rating, setting a new price target of $300.00.
• Several analysts have raised their price targets on AMD, with estimates ranging from $215.00 to $273.00, indicative of a strong bullish sentiment in the market.
• AMD reported $0.48 earnings per share for the last quarter, falling short of analysts' expectations but with revenue up 31.7% year-over-year at $7.69 billion.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) shares traded up 8.8% 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 $238.19 and last traded at $237.38. 41,977,306 shares traded hands during trading, a decline of 15% from the average session volume of 49,105,434 shares. The stock had previously closed at $218.09.

A number of other equities analysts have also commented on AMD. Rosenblatt Securities lifted their price target on shares of Advanced Micro Devices from $200.00 to $250.00 and gave the company a "buy" rating in a research report on Tuesday, October 7th. Citigroup boosted their target price on shares of Advanced Micro Devices from $180.00 to $215.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 7th. KGI Securities set a $260.00 target price on shares of Advanced Micro Devices and gave the stock an "outperform" rating in a research report on Monday. Deutsche Bank Aktiengesellschaft set a $235.00 target price on shares of Advanced Micro Devices and gave the stock a "hold" rating in a research report on Tuesday. Finally, Truist Financial reissued a "buy" rating and issued a $273.00 price target (up previously from $213.00) on shares of Advanced Micro Devices in a report on Tuesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Advanced Micro Devices has an average rating of "Moderate Buy" and an average target price of $231.00.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 2,250 shares of the company'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 sale, the executive vice president owned 311,598 shares of the company's stock, valued at approximately $51,416,785.98. This represents a 0.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the executive vice president directly owned 125,505 shares in the company, valued at approximately $21,738,721.05. The trade was a 7.38% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 257,318 shares of company stock worth $42,412,815. Corporate insiders own 0.06% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pinney & Scofield Inc. lifted its position in Advanced Micro Devices by 81.0% during the 2nd quarter. Pinney & Scofield Inc. now owns 190 shares of the semiconductor manufacturer's stock worth $27,000 after buying an additional 85 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in Advanced Micro Devices by 277.8% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 200 shares in the last quarter. American Capital Advisory LLC lifted its position in Advanced Micro Devices by 90.3% during the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 130 shares during the period. Dogwood Wealth Management LLC lifted its position in Advanced Micro Devices by 2,311.1% during the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer's stock valued at $30,000 after purchasing an additional 208 shares during the period. Finally, Avion Wealth lifted its position in Advanced Micro Devices by 49.3% during the 2nd quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer's stock valued at $30,000 after purchasing an additional 72 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Trading Up 8.2%

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 market capitalization of $382.86 billion, a price-to-earnings ratio of 135.32, a P/E/G ratio of 2.54 and a beta of 1.90. The business's 50-day simple moving average is $172.00 and its 200-day simple moving average is $138.97.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (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 business had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The business's revenue for the quarter was up 31.7% on a year-over-year basis. 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 earnings per share for the current fiscal year.

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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