Advanced Micro Devices (NASDAQ:AMD) Upgraded by Dbs Bank to "Moderate Buy" Rating

Key Points

• Advanced Micro Devices (AMD) has been upgraded by Dbs Bank from a "hold" rating to a "moderate buy" rating, reflecting increased analyst confidence in the stock.
• UBS Group raised its price target for AMD from $210 to $265, contributing to a consensus rating of "Moderate Buy" with an average price target of $213.
• While AMD reported earnings per share of $0.48 for the last quarter, it fell short of analysts' expectations, though its revenue of $7.69 billion exceeded estimates, showing a 31.7% year-over-year increase.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) was upgraded by Dbs Bank from a "hold" rating to a "moderate buy" rating in a report issued on Monday,Zacks.com reports.

Several other equities analysts have also issued reports on AMD. UBS Group boosted their price target on Advanced Micro Devices from $210.00 to $265.00 and gave the company a "buy" rating in a research note on Tuesday. DZ Bank upgraded Advanced Micro Devices from a "sell" rating to a "hold" rating and set a $165.00 price objective for the company in a research note on Thursday, August 7th. HSBC dropped their price target on Advanced Micro Devices from $200.00 to $185.00 and set a "buy" rating on the stock in a research report on Tuesday, September 9th. 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 report on Monday, June 23rd. Finally, Bank of America raised their price target on Advanced Micro Devices from $175.00 to $200.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $213.00.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $211.51 on Monday. The stock has a market cap of $343.25 billion, a P/E ratio of 121.56, a price-to-earnings-growth ratio of 2.40 and a beta of 1.90. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The stock's 50-day moving average is $167.22 and its 200-day moving average is $135.02. Advanced Micro Devices has a 1-year low of $76.48 and a 1-year high of $226.71.

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

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the sale, the executive vice president directly owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. This trade represents a 1.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 2,250 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total value of $371,272.50. Following the completion of the sale, the executive vice president owned 311,598 shares in the company, valued at approximately $51,416,785.98. This represents a 0.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 272,448 shares of company stock valued at $44,554,848 in the last 90 days. 0.06% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Hedge funds have recently made changes to their positions in the company. Pinney & Scofield Inc. boosted its position in shares of Advanced Micro Devices by 81.0% during the second quarter. Pinney & Scofield Inc. now owns 190 shares of the semiconductor manufacturer's stock valued at $27,000 after purchasing an additional 85 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted its position in shares of Advanced Micro Devices by 277.8% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. American Capital Advisory LLC raised its stake in Advanced Micro Devices by 90.3% during the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after buying an additional 130 shares during the last quarter. Kozak & Associates Inc. raised its stake in Advanced Micro Devices by 67.6% during the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock valued at $29,000 after buying an additional 123 shares during the last quarter. Finally, Dogwood Wealth Management LLC raised its stake in Advanced Micro Devices by 2,311.1% during the second quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer's stock valued at $30,000 after buying an additional 208 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

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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